Citizens & Northern Corp Sells 339 Shares of EOG Resources, Inc. (NYSE:EOG)

Citizens & Northern Corp lowered its position in EOG Resources, Inc. (NYSE:EOG) by 3.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,467 shares of the energy exploration company’s stock after selling 339 shares during the quarter. Citizens & Northern Corp’s holdings in EOG Resources were worth $1,066,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in EOG. Capital World Investors lifted its position in EOG Resources by 59.2% during the fourth quarter. Capital World Investors now owns 25,420,916 shares of the energy exploration company’s stock valued at $3,074,660,000 after purchasing an additional 9,455,621 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in shares of EOG Resources by 26.3% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,948,119 shares of the energy exploration company’s stock worth $598,475,000 after acquiring an additional 1,029,727 shares during the last quarter. Capital International Investors grew its position in EOG Resources by 7.1% in the first quarter. Capital International Investors now owns 11,564,463 shares of the energy exploration company’s stock worth $1,478,401,000 after acquiring an additional 766,056 shares in the last quarter. Capital Research Global Investors increased its stake in EOG Resources by 1.3% in the first quarter. Capital Research Global Investors now owns 28,889,715 shares of the energy exploration company’s stock valued at $3,693,261,000 after acquiring an additional 373,365 shares during the last quarter. Finally, Canada Pension Plan Investment Board raised its position in EOG Resources by 67.3% during the first quarter. Canada Pension Plan Investment Board now owns 843,682 shares of the energy exploration company’s stock valued at $107,856,000 after purchasing an additional 339,480 shares in the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Down 0.9 %

Shares of NYSE EOG opened at $128.82 on Friday. The firm has a fifty day simple moving average of $126.84 and a two-hundred day simple moving average of $125.72. EOG Resources, Inc. has a 12 month low of $108.94 and a 12 month high of $139.67. The company has a current ratio of 2.12, a quick ratio of 1.89 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $73.25 billion, a PE ratio of 10.18, a price-to-earnings-growth ratio of 3.22 and a beta of 1.30.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.98 by $0.18. EOG Resources had a net margin of 30.33% and a return on equity of 25.42%. The company had revenue of $6.03 billion during the quarter, compared to the consensus estimate of $6.07 billion. During the same period in the prior year, the firm earned $2.49 earnings per share. EOG Resources’s revenue was up 8.1% on a year-over-year basis. Equities analysts expect that EOG Resources, Inc. will post 12.2 earnings per share for the current year.

EOG Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 17th will be paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date of this dividend is Thursday, October 17th. EOG Resources’s payout ratio is presently 28.75%.

Insider Activity at EOG Resources

In other EOG Resources news, EVP Michael P. Donaldson sold 11,037 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $129.50, for a total value of $1,429,291.50. Following the completion of the transaction, the executive vice president now owns 74,250 shares in the company, valued at $9,615,375. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, EVP Michael P. Donaldson sold 11,037 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $129.50, for a total transaction of $1,429,291.50. Following the sale, the executive vice president now owns 74,250 shares of the company’s stock, valued at $9,615,375. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $126.48, for a total transaction of $505,920.00. Following the transaction, the chief operating officer now directly owns 35,058 shares of the company’s stock, valued at approximately $4,434,135.84. The disclosure for this sale can be found here. Insiders have sold 21,537 shares of company stock worth $2,751,612 over the last ninety days. 0.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Piper Sandler reduced their price objective on EOG Resources from $154.00 to $147.00 and set an “overweight” rating on the stock in a research report on Thursday, August 15th. Wolfe Research initiated coverage on shares of EOG Resources in a research report on Thursday, July 18th. They set a “peer perform” rating on the stock. Citigroup boosted their price objective on shares of EOG Resources from $124.00 to $130.00 and gave the stock a “neutral” rating in a report on Friday, May 24th. Benchmark reaffirmed a “hold” rating on shares of EOG Resources in a report on Tuesday, May 7th. Finally, KeyCorp began coverage on shares of EOG Resources in a research note on Thursday, June 27th. They issued an “overweight” rating and a $157.00 price target for the company. Thirteen investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $144.00.

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.