Central Bank & Trust Co. trimmed its stake in EOG Resources Inc (NYSE:EOG) by 3.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,339 shares of the energy exploration company’s stock after selling 1,153 shares during the period. Central Bank & Trust Co.’s holdings in EOG Resources were worth $3,813,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of EOG. Schroder Investment Management Group increased its stake in shares of EOG Resources by 13.2% in the 2nd quarter. Schroder Investment Management Group now owns 12,110 shares of the energy exploration company’s stock worth $1,090,000 after purchasing an additional 1,415 shares in the last quarter. Riverhead Capital Management LLC increased its stake in EOG Resources by 4.5% in the 2nd quarter. Riverhead Capital Management LLC now owns 7,346 shares of the energy exploration company’s stock worth $665,000 after buying an additional 318 shares in the last quarter. King Luther Capital Management Corp increased its stake in EOG Resources by 1.1% in the 2nd quarter. King Luther Capital Management Corp now owns 1,631,081 shares of the energy exploration company’s stock worth $147,645,000 after buying an additional 17,172 shares in the last quarter. Findlay Park Partners LLP purchased a new stake in EOG Resources in the 2nd quarter worth $120,097,000. Finally, Nationwide Fund Advisors increased its stake in EOG Resources by 2.0% in the 2nd quarter. Nationwide Fund Advisors now owns 596,718 shares of the energy exploration company’s stock worth $54,015,000 after buying an additional 11,780 shares in the last quarter. Hedge funds and other institutional investors own 85.28% of the company’s stock.
EOG Resources Inc (EOG) traded down $2.31 on Tuesday, hitting $113.39. 4,828,516 shares of the company’s stock traded hands, compared to its average volume of 2,862,590. EOG Resources Inc has a twelve month low of $81.99 and a twelve month high of $116.47. The company has a market cap of $65,560.00, a P/E ratio of 11,339.00, a PEG ratio of 4.93 and a beta of 0.98. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.27 and a quick ratio of 1.11.
EOG Resources (NYSE:EOG) last released its quarterly earnings data on Thursday, November 2nd. The energy exploration company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.12 by $0.07. EOG Resources had a net margin of 0.10% and a return on equity of 1.73%. The business had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.59 billion. During the same quarter in the prior year, the firm earned ($0.40) EPS. The business’s revenue was up 24.8% on a year-over-year basis. analysts forecast that EOG Resources Inc will post 0.89 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 17th will be issued a dividend of $0.1675 per share. This represents a $0.67 annualized dividend and a dividend yield of 0.59%. The ex-dividend date of this dividend is Tuesday, January 16th. EOG Resources’s dividend payout ratio (DPR) is presently 6,700.00%.
In related news, EVP David W. Trice sold 3,114 shares of the stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $106.65, for a total value of $332,108.10. Following the completion of the transaction, the executive vice president now owns 80,415 shares of the company’s stock, valued at approximately $8,576,259.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, President Gary L. Thomas sold 2,000 shares of the stock in a transaction dated Saturday, December 29th. The shares were sold at an average price of $107.95, for a total transaction of $215,900.00. Following the completion of the transaction, the president now directly owns 1,046,430 shares of the company’s stock, valued at approximately $112,962,118.50. The disclosure for this sale can be found here. Insiders have sold a total of 189,048 shares of company stock valued at $8,189,473 in the last three months. Insiders own 0.53% of the company’s stock.
EOG has been the subject of a number of analyst reports. Piper Jaffray Companies cut their price target on EOG Resources from $109.00 to $94.00 and set an “overweight” rating for the company in a research note on Monday, September 18th. Imperial Capital initiated coverage on EOG Resources in a research note on Thursday, September 28th. They issued an “outperform” rating and a $115.00 price target for the company. Stifel Nicolaus set a $106.00 price target on EOG Resources and gave the stock a “buy” rating in a research note on Thursday, October 5th. Jefferies Group reiterated a “hold” rating and issued a $95.00 price target on shares of EOG Resources in a research note on Tuesday, October 10th. Finally, Royal Bank of Canada set a $107.00 price target on EOG Resources and gave the stock a “hold” rating in a research note on Tuesday, October 10th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty have issued a buy rating to the company’s stock. EOG Resources presently has an average rating of “Buy” and an average price target of $114.50.
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EOG Resources Company Profile
EOG Resources, Inc explores for, develops, produces and markets crude oil and natural gas in major producing basins in the United States, The Republic of Trinidad and Tobago, the United Kingdom, The People’s Republic of China, Canada and, from time to time, select other international areas. Its operations are all crude oil and natural gas exploration and production related.
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