EOG Resources, Inc. (NYSE:EOG) Stock Position Raised by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. raised its position in shares of EOG Resources, Inc. (NYSE:EOG) by 3.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 104,133 shares of the energy exploration company’s stock after purchasing an additional 3,877 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in EOG Resources were worth $12,764,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EOG. Quest Partners LLC purchased a new stake in shares of EOG Resources during the 3rd quarter worth about $762,000. Pathstone Holdings LLC raised its stake in shares of EOG Resources by 3.7% during the 3rd quarter. Pathstone Holdings LLC now owns 71,816 shares of the energy exploration company’s stock worth $8,828,000 after purchasing an additional 2,583 shares in the last quarter. Caprock Group LLC raised its stake in shares of EOG Resources by 7.7% during the 3rd quarter. Caprock Group LLC now owns 12,112 shares of the energy exploration company’s stock worth $1,489,000 after purchasing an additional 862 shares in the last quarter. Prospera Financial Services Inc raised its stake in shares of EOG Resources by 62.2% during the 3rd quarter. Prospera Financial Services Inc now owns 11,313 shares of the energy exploration company’s stock worth $1,391,000 after purchasing an additional 4,338 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of EOG Resources during the 3rd quarter worth about $4,094,000. 89.91% of the stock is owned by hedge funds and other institutional investors.

EOG Resources Price Performance

Shares of NYSE:EOG opened at $124.32 on Friday. EOG Resources, Inc. has a 1-year low of $115.78 and a 1-year high of $139.67. The firm has a market capitalization of $68.86 billion, a PE ratio of 10.01, a PEG ratio of 3.58 and a beta of 1.25. The business’s 50 day moving average is $129.24 and its 200-day moving average is $127.47. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Friday, February 28th. The energy exploration company reported $2.74 earnings per share for the quarter, topping the consensus estimate of $2.55 by $0.19. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. The company had revenue of $5.59 billion for the quarter, compared to analyst estimates of $5.96 billion. Sell-side analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be given a dividend of $0.975 per share. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $3.90 annualized dividend and a dividend yield of 3.14%. EOG Resources’s dividend payout ratio (DPR) is presently 34.73%.

Wall Street Analysts Forecast Growth

EOG has been the topic of a number of recent analyst reports. Raymond James raised their price objective on EOG Resources from $167.00 to $175.00 and gave the company a “strong-buy” rating in a research note on Thursday, January 23rd. Bank of America reissued a “neutral” rating and issued a $144.00 price objective (down from $151.00) on shares of EOG Resources in a research note on Monday, January 13th. Morgan Stanley cut their price objective on EOG Resources from $143.00 to $142.00 and set an “equal weight” rating on the stock in a research note on Monday, March 3rd. Royal Bank of Canada raised EOG Resources from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from $150.00 to $155.00 in a research note on Wednesday, February 12th. Finally, Barclays cut their price objective on EOG Resources from $146.00 to $144.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Twelve analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $145.33.

Insider Buying and Selling

In related news, COO Jeffrey R. Leitzell sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $120.89, for a total transaction of $483,560.00. Following the completion of the transaction, the chief operating officer now owns 42,703 shares in the company, valued at $5,162,365.67. This trade represents a 8.56 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.30% of the stock is owned by corporate insiders.

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.