EOG Resources, Inc. (NYSE:EOG) Shares Sold by Whittier Trust Co.

Whittier Trust Co. lessened its holdings in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 80.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 43,873 shares of the energy exploration company's stock after selling 183,107 shares during the period. Whittier Trust Co.'s holdings in EOG Resources were worth $5,626,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. 1ST Source Bank increased its holdings in EOG Resources by 1.5% during the 4th quarter. 1ST Source Bank now owns 5,349 shares of the energy exploration company's stock valued at $656,000 after purchasing an additional 80 shares during the period. Penobscot Investment Management Company Inc. grew its position in shares of EOG Resources by 2.0% in the 4th quarter. Penobscot Investment Management Company Inc. now owns 4,065 shares of the energy exploration company's stock worth $498,000 after buying an additional 80 shares during the last quarter. TD Private Client Wealth LLC increased its stake in shares of EOG Resources by 1.4% during the fourth quarter. TD Private Client Wealth LLC now owns 5,786 shares of the energy exploration company's stock valued at $709,000 after buying an additional 81 shares during the period. Hancock Whitney Corp raised its holdings in shares of EOG Resources by 5.7% during the fourth quarter. Hancock Whitney Corp now owns 1,719 shares of the energy exploration company's stock valued at $211,000 after acquiring an additional 92 shares in the last quarter. Finally, FSM Wealth Advisors LLC raised its holdings in shares of EOG Resources by 6.2% during the first quarter. FSM Wealth Advisors LLC now owns 1,623 shares of the energy exploration company's stock valued at $208,000 after acquiring an additional 95 shares in the last quarter. 89.91% of the stock is owned by institutional investors.

Analyst Ratings Changes

EOG has been the topic of a number of research analyst reports. Morgan Stanley set a $135.00 price objective on shares of EOG Resources and gave the company an "equal weight" rating in a research report on Monday, June 2nd. KeyCorp decreased their price target on shares of EOG Resources from $150.00 to $140.00 and set an "overweight" rating for the company in a research note on Monday, April 21st. Jefferies Financial Group reaffirmed a "buy" rating and set a $148.00 price objective (up from $144.00) on shares of EOG Resources in a research report on Friday, June 13th. Barclays increased their target price on EOG Resources from $137.00 to $140.00 and gave the stock an "equal weight" rating in a research report on Monday, June 2nd. Finally, Royal Bank Of Canada dropped their price target on EOG Resources from $145.00 to $140.00 and set an "outperform" rating on the stock in a research report on Tuesday, July 8th. Thirteen investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $139.14.

Insider Activity

In other EOG Resources news, COO Jeffrey R. Leitzell sold 3,951 shares of the company's stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $119.65, for a total value of $472,737.15. Following the completion of the transaction, the chief operating officer owned 45,739 shares in the company, valued at approximately $5,472,671.35. This represents a 7.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.13% of the stock is currently owned by company insiders.

EOG Resources Price Performance

EOG traded up $0.30 during trading hours on Thursday, hitting $118.13. The company's stock had a trading volume of 1,571,541 shares, compared to its average volume of 3,408,530. The business's 50-day moving average price is $117.52 and its 200-day moving average price is $121.34. EOG Resources, Inc. has a 12 month low of $102.52 and a 12 month high of $138.18. The company has a current ratio of 1.87, a quick ratio of 1.71 and a debt-to-equity ratio of 0.12. The stock has a market cap of $64.48 billion, a price-to-earnings ratio of 10.96, a P/E/G ratio of 9.68 and a beta of 0.76.

EOG Resources (NYSE:EOG - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The energy exploration company reported $2.87 EPS for the quarter, topping analysts' consensus estimates of $2.75 by $0.12. EOG Resources had a net margin of 26.14% and a return on equity of 22.35%. The firm had revenue of $5.84 billion for the quarter, compared to analysts' expectations of $5.92 billion. During the same period in the prior year, the business posted $2.82 earnings per share. The business's revenue for the quarter was down 7.4% on a year-over-year basis. Sell-side analysts expect that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 17th will be paid a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 3.45%. This is a boost from EOG Resources's previous quarterly dividend of $0.98. The ex-dividend date of this dividend is Friday, October 17th. EOG Resources's dividend payout ratio (DPR) is presently 36.18%.

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.