Glenview Trust co Buys 5,445 Shares of EOG Resources, Inc. $EOG

Key Points

• Glenview Trust Co increased its stake in EOG Resources by 4.9%, purchasing an additional 5,445 shares, bringing its total holdings to 115,869 shares valued at approximately $14.86 million.
• In recent analyst ratings, EOG Resources received a mix of upgrades and downgrades, with a consensus rating of "Moderate Buy" and a consensus price target of $143.52.
• EOG Resources reported earnings of $2.32 per share for the last quarter, exceeding expectations, although the company's revenue was down 9.1% year-over-year.

Glenview Trust co boosted its position in EOG Resources, Inc. (NYSE:EOG - Free Report) by 4.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 115,869 shares of the energy exploration company's stock after purchasing an additional 5,445 shares during the period. Glenview Trust co's holdings in EOG Resources were worth $14,859,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of EOG. Bank Pictet & Cie Europe AG lifted its stake in EOG Resources by 56.3% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 248,399 shares of the energy exploration company's stock valued at $30,449,000 after purchasing an additional 89,521 shares during the last quarter. Ethic Inc. purchased a new position in EOG Resources in the fourth quarter valued at approximately $537,000. Lazard Asset Management LLC lifted its stake in EOG Resources by 9.5% in the fourth quarter. Lazard Asset Management LLC now owns 126,974 shares of the energy exploration company's stock valued at $15,563,000 after purchasing an additional 11,003 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in EOG Resources by 6.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 110,760 shares of the energy exploration company's stock valued at $13,576,000 after purchasing an additional 6,813 shares during the last quarter. Finally, NorthRock Partners LLC lifted its position in shares of EOG Resources by 91.5% during the fourth quarter. NorthRock Partners LLC now owns 6,637 shares of the energy exploration company's stock worth $814,000 after acquiring an additional 3,172 shares in the last quarter. Hedge funds and other institutional investors own 89.91% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on EOG. KeyCorp dropped their target price on EOG Resources from $140.00 to $138.00 and set an "overweight" rating on the stock in a research report on Wednesday, September 3rd. Piper Sandler dropped their target price on EOG Resources from $138.00 to $136.00 and set a "neutral" rating on the stock in a research report on Thursday, July 17th. Susquehanna increased their target price on EOG Resources from $156.00 to $170.00 and gave the stock a "positive" rating in a research report on Wednesday, July 23rd. UBS Group increased their target price on EOG Resources from $142.00 to $144.00 and gave the stock a "buy" rating in a research report on Wednesday, August 20th. Finally, Melius started coverage on EOG Resources in a research report on Wednesday, August 20th. They set a "buy" rating and a $173.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and twelve have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, EOG Resources has an average rating of "Moderate Buy" and a consensus target price of $143.52.

EOG Resources Price Performance

Shares of EOG stock traded down $1.80 on Friday, reaching $118.20. The company's stock had a trading volume of 1,967,189 shares, compared to its average volume of 2,275,035. The company has a market capitalization of $64.54 billion, a P/E ratio of 11.49, a PEG ratio of 9.19 and a beta of 0.85. The company has a quick ratio of 1.61, a current ratio of 1.79 and a debt-to-equity ratio of 0.12. EOG Resources, Inc. has a 12-month low of $102.52 and a 12-month high of $138.18. The stock's 50 day simple moving average is $119.80 and its 200-day simple moving average is $118.18.

EOG Resources (NYSE:EOG - Get Free Report) last released its earnings results on Thursday, August 7th. The energy exploration company reported $2.32 EPS for the quarter, beating analysts' consensus estimates of $2.14 by $0.18. The business had revenue of $5.48 billion for the quarter, compared to analysts' expectations of $5.45 billion. EOG Resources had a return on equity of 20.51% and a net margin of 25.25%.The firm's revenue was down 9.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.16 earnings per share. As a group, equities analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, COO Jeffrey R. Leitzell sold 3,951 shares of the stock in a transaction on Monday, June 30th. The stock was sold at an average price of $119.65, for a total value of $472,737.15. Following the transaction, the chief operating officer owned 45,739 shares of the company's stock, valued at $5,472,671.35. This represents a 7.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.13% of the stock is currently owned by corporate insiders.

EOG Resources Profile

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.