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

Argent Trust Co reduced its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 13.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,131 shares of the energy exploration company’s stock after selling 934 shares during the period. Argent Trust Co’s holdings in EOG Resources were worth $752,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Essex Financial Services Inc. raised its holdings in shares of EOG Resources by 1.3% in the fourth quarter. Essex Financial Services Inc. now owns 6,145 shares of the energy exploration company’s stock worth $753,000 after acquiring an additional 79 shares during the last quarter. Valmark Advisers Inc. raised its stake in EOG Resources by 2.6% in the 4th quarter. Valmark Advisers Inc. now owns 3,140 shares of the energy exploration company’s stock valued at $385,000 after purchasing an additional 79 shares during the last quarter. Deseret Mutual Benefit Administrators lifted its holdings in EOG Resources by 8.8% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 989 shares of the energy exploration company’s stock valued at $121,000 after purchasing an additional 80 shares in the last quarter. 1ST Source Bank boosted its stake in shares of EOG Resources by 1.5% during the 4th quarter. 1ST Source Bank now owns 5,349 shares of the energy exploration company’s stock worth $656,000 after purchasing an additional 80 shares during the last quarter. Finally, Penobscot Investment Management Company Inc. grew its holdings in shares of EOG Resources by 2.0% during the fourth 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 in the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on EOG. Mizuho reissued a “neutral” rating and set a $140.00 price objective (down previously from $148.00) on shares of EOG Resources in a research note on Tuesday, March 25th. Wells Fargo & Company decreased their price objective on EOG Resources from $150.00 to $146.00 and set an “overweight” rating on the stock in a report on Thursday, March 13th. Wolfe Research upgraded EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 target price for the company in a research note on Friday, January 3rd. Bank of America reiterated a “neutral” rating and set a $144.00 target price (down from $151.00) on shares of EOG Resources in a research report on Monday, January 13th. Finally, Citigroup lowered their price target on EOG Resources from $134.00 to $125.00 and set a “neutral” rating for the company in a report on Monday, March 17th. Twelve investment 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, EOG Resources presently has a consensus rating of “Moderate Buy” and an average price target of $144.19.

Insider Buying and Selling at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 4,037 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $127.76, for a total transaction of $515,767.12. Following the completion of the transaction, the chief operating officer now directly owns 47,732 shares in the company, valued at approximately $6,098,240.32. This represents a 7.80 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.30% of the stock is currently owned by corporate insiders.

EOG Resources Trading Up 3.8 %

Shares of EOG opened at $108.62 on Friday. EOG Resources, Inc. has a 12 month low of $102.52 and a 12 month high of $139.67. The stock’s 50-day moving average is $124.28 and its two-hundred day moving average is $126.97. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. The stock has a market cap of $59.91 billion, a PE ratio of 8.75, a P/E/G ratio of 3.58 and a beta of 0.93.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Friday, February 28th. The energy exploration company reported $2.74 EPS 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 firm had revenue of $5.59 billion for the quarter, compared to analyst estimates of $5.96 billion. Equities analysts forecast that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be issued a $0.975 dividend. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $3.90 dividend on an annualized basis and a yield of 3.59%. EOG Resources’s dividend payout ratio is currently 34.73%.

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.