FineMark National Bank & Trust Decreases Stock Holdings in EOG Resources, Inc. $EOG

FineMark National Bank & Trust lessened its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 8.2% during the second quarter, HoldingsChannel.com reports. The fund owned 90,209 shares of the energy exploration company’s stock after selling 8,042 shares during the quarter. FineMark National Bank & Trust’s holdings in EOG Resources were worth $10,790,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Nuveen LLC bought a new position in EOG Resources during the first quarter valued at approximately $451,908,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of EOG Resources by 6.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 19,380,866 shares of the energy exploration company’s stock valued at $2,485,402,000 after buying an additional 1,188,552 shares during the period. Jacobs Levy Equity Management Inc. bought a new position in shares of EOG Resources during the 1st quarter valued at $81,752,000. LSV Asset Management boosted its stake in shares of EOG Resources by 290.5% in the 1st quarter. LSV Asset Management now owns 687,446 shares of the energy exploration company’s stock worth $88,158,000 after buying an additional 511,418 shares during the last quarter. Finally, Jupiter Asset Management Ltd. grew its holdings in shares of EOG Resources by 122.6% in the second quarter. Jupiter Asset Management Ltd. now owns 907,231 shares of the energy exploration company’s stock worth $108,514,000 after acquiring an additional 499,610 shares during the period. 89.91% of the stock is currently owned by institutional investors.

EOG Resources Price Performance

Shares of NYSE:EOG opened at $109.63 on Wednesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.79 and a quick ratio of 1.61. EOG Resources, Inc. has a 1-year low of $102.52 and a 1-year high of $138.18. The company has a market capitalization of $59.49 billion, a P/E ratio of 10.65, a P/E/G ratio of 8.20 and a beta of 0.72. The firm’s 50 day simple moving average is $110.70 and its two-hundred day simple moving average is $115.46.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.42 by $0.29. EOG Resources had a net margin of 25.25% and a return on equity of 20.51%. The firm had revenue of $5.85 billion during the quarter, compared to analysts’ expectations of $5.48 billion. During the same period in the prior year, the company posted $2.89 earnings per share. The company’s revenue for the quarter was down 2.0% compared to the same quarter last year. Research analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Friday, January 16th will be given a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Friday, January 16th. EOG Resources’s payout ratio is presently 40.64%.

Analyst Upgrades and Downgrades

EOG has been the topic of a number of recent research reports. BMO Capital Markets lowered their target price on EOG Resources from $134.00 to $130.00 in a report on Tuesday, November 11th. Roth Capital lowered their price objective on shares of EOG Resources from $126.00 to $114.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 15th. The Goldman Sachs Group cut their target price on shares of EOG Resources from $130.00 to $125.00 and set a “neutral” rating for the company in a research report on Wednesday, October 15th. UBS Group upped their target price on shares of EOG Resources from $142.00 to $144.00 and gave the company a “buy” rating in a report on Wednesday, August 20th. Finally, Piper Sandler dropped their price target on shares of EOG Resources from $129.00 to $124.00 and set a “neutral” rating on the stock in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and fifteen have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $140.12.

About EOG Resources

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.