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

Whittier Trust Co. of Nevada Inc. decreased its stake in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 86.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,182 shares of the energy exploration company's stock after selling 89,951 shares during the period. Whittier Trust Co. of Nevada Inc.'s holdings in EOG Resources were worth $1,819,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EOG. Lee Danner & Bass Inc. bought a new position in shares of EOG Resources during the 4th quarter valued at $28,000. Heritage Wealth Advisors increased its position in EOG Resources by 562.2% during the fourth quarter. Heritage Wealth Advisors now owns 245 shares of the energy exploration company's stock valued at $30,000 after acquiring an additional 208 shares during the last quarter. Alpine Bank Wealth Management bought a new position in EOG Resources in the first quarter valued at about $34,000. Ameriflex Group Inc. purchased a new position in EOG Resources in the fourth quarter worth about $36,000. Finally, 10Elms LLP bought a new stake in shares of EOG Resources during the 4th quarter valued at about $44,000. Hedge funds and other institutional investors own 89.91% of the company's stock.

Insider Activity at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 3,951 shares of the company's stock in a transaction that occurred on 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 sale, the chief operating officer owned 45,739 shares of the company's stock, valued at approximately $5,472,671.35. This represents a 7.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.13% of the company's stock.

Analyst Ratings Changes

EOG has been the topic of several recent research reports. Scotiabank upgraded shares of EOG Resources from a "sector perform" rating to a "sector outperform" rating and lowered their price objective for the stock from $150.00 to $130.00 in a research note on Friday, April 11th. Piper Sandler decreased their price target on shares of EOG Resources from $138.00 to $136.00 and set a "neutral" rating on the stock in a research report on Thursday. Stephens began coverage on shares of EOG Resources in a research note on Tuesday, June 17th. They set an "equal weight" rating and a $137.00 price target on the stock. Royal Bank Of Canada reduced their price objective on EOG Resources from $145.00 to $140.00 and set an "outperform" rating for the company in a research note on Tuesday, July 8th. Finally, Raymond James Financial raised their target price on EOG Resources from $148.00 to $158.00 and gave the stock a "strong-buy" rating in a report on Monday, June 2nd. Twelve investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $139.81.

EOG Resources Trading Down 0.7%

NYSE EOG traded down $0.80 on Friday, hitting $117.63. 5,901,937 shares of the stock were exchanged, compared to its average volume of 3,432,992. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.71 and a current ratio of 1.87. EOG Resources, Inc. has a 52-week low of $102.52 and a 52-week high of $138.18. The firm has a market capitalization of $64.20 billion, a P/E ratio of 10.91, a P/E/G ratio of 9.44 and a beta of 0.76. The stock has a fifty day moving average price of $117.82 and a two-hundred day moving average price of $121.28.

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

EOG Resources Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 17th will be given a dividend of $1.02 per share. This is an increase from EOG Resources's previous quarterly dividend of $0.98. The ex-dividend date of this dividend is Friday, October 17th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.47%. EOG Resources's dividend payout ratio is presently 36.18%.

EOG Resources Company 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.