Massmutual Trust Co. FSB ADV Sells 3,530 Shares of EOG Resources, Inc. (NYSE:EOG)

Massmutual Trust Co. FSB ADV trimmed its position in EOG Resources, Inc. (NYSE:EOG) by 9.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 33,128 shares of the energy exploration company’s stock after selling 3,530 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in EOG Resources were worth $4,170,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of EOG. Sachetta LLC acquired a new stake in shares of EOG Resources in the 4th quarter valued at approximately $33,000. Keener Financial Planning LLC acquired a new stake in shares of EOG Resources in the fourth quarter valued at approximately $36,000. Norwood Financial Corp acquired a new stake in EOG Resources in the 1st quarter valued at $37,000. LifeSteps Financial Inc. acquired a new position in shares of EOG Resources during the 1st quarter worth approximately $38,000. Finally, GoalVest Advisory LLC boosted its holdings in shares of EOG Resources by 135.4% in the 1st quarter. GoalVest Advisory LLC now owns 306 shares of the energy exploration company’s stock valued at $39,000 after buying an additional 176 shares during the last quarter. Institutional investors own 89.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on EOG shares. Benchmark reaffirmed a “hold” rating on shares of EOG Resources in a report on Tuesday, May 7th. Citigroup upped their price objective on EOG Resources from $124.00 to $130.00 and gave the company a “neutral” rating in a report on Friday, May 24th. Mizuho lifted their target price on EOG Resources from $140.00 to $156.00 and gave the stock a “buy” rating in a report on Monday, May 13th. Piper Sandler upped their price target on shares of EOG Resources from $153.00 to $154.00 and gave the company an “overweight” rating in a research note on Tuesday, May 14th. Finally, Truist Financial dropped their price target on shares of EOG Resources from $136.00 to $130.00 and set a “hold” rating for the company in a research report on Monday, July 22nd. Fifteen investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $143.40.

EOG Resources Trading Up 0.2 %

NYSE:EOG traded up $0.26 during mid-day trading on Monday, reaching $123.18. 5,001,349 shares of the company’s stock traded hands, compared to its average volume of 3,211,864. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.32 and a quick ratio of 2.05. The company has a 50 day moving average price of $124.57 and a 200-day moving average price of $123.78. The firm has a market capitalization of $70.79 billion, a price-to-earnings ratio of 9.73, a PEG ratio of 2.15 and a beta of 1.30. EOG Resources, Inc. has a 12-month low of $108.94 and a 12-month high of $139.67.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Thursday, August 1st. The energy exploration company reported $3.16 EPS for the quarter, topping the consensus estimate of $2.98 by $0.18. The business had revenue of $6.03 billion during the quarter, compared to analyst estimates of $6.07 billion. EOG Resources had a net margin of 30.33% and a return on equity of 25.65%. EOG Resources’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period last year, the business posted $2.49 earnings per share. On average, sell-side analysts predict that EOG Resources, Inc. will post 12.13 earnings per share for the current year.

EOG Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 17th will be given a $0.91 dividend. The ex-dividend date is Thursday, October 17th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.96%. EOG Resources’s dividend payout ratio is currently 28.75%.

Insider Buying and Selling

In related news, EVP Michael P. Donaldson sold 2,685 shares of the stock in a transaction on Monday, May 13th. The stock was sold at an average price of $130.29, for a total transaction of $349,828.65. Following the sale, the executive vice president now directly owns 109,040 shares of the company’s stock, valued at $14,206,821.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, EVP Michael P. Donaldson sold 2,685 shares of EOG Resources stock in a transaction on Monday, May 13th. The stock was sold at an average price of $130.29, for a total value of $349,828.65. Following the completion of the sale, the executive vice president now owns 109,040 shares of the company’s stock, valued at $14,206,821.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Lloyd W. Helms, Jr. sold 1,296 shares of the stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $130.27, for a total value of $168,829.92. Following the completion of the transaction, the president now directly owns 161,109 shares in the company, valued at approximately $20,987,669.43. The disclosure for this sale can be found here. Insiders have sold 16,512 shares of company stock worth $2,144,972 in the last 90 days. Insiders own 0.30% of the company’s stock.

About EOG Resources

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.