Glenview Trust Co Sells 69,033 Shares of EOG Resources, Inc. $EOG

Glenview Trust Co reduced its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 59.2% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 47,613 shares of the energy exploration company’s stock after selling 69,033 shares during the period. Glenview Trust Co’s holdings in EOG Resources were worth $6,883,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. raised its stake in EOG Resources by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 53,815,556 shares of the energy exploration company’s stock worth $5,651,172,000 after acquiring an additional 446,341 shares in the last quarter. State Street Corp lifted its holdings in shares of EOG Resources by 0.3% in the fourth quarter. State Street Corp now owns 30,562,470 shares of the energy exploration company’s stock worth $3,209,365,000 after acquiring an additional 100,080 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of EOG Resources by 1.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 19,988,840 shares of the energy exploration company’s stock valued at $2,099,028,000 after purchasing an additional 371,548 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of EOG Resources by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 13,046,709 shares of the energy exploration company’s stock valued at $1,364,309,000 after purchasing an additional 95,260 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of EOG Resources by 1.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,507,760 shares of the energy exploration company’s stock valued at $683,382,000 after purchasing an additional 122,112 shares during the last quarter. 89.91% of the stock is owned by institutional investors and hedge funds.

EOG Resources Stock Performance

EOG Resources stock opened at $143.34 on Wednesday. The business has a 50 day moving average of $136.25 and a 200-day moving average of $129.24. The company has a market capitalization of $76.35 billion, a P/E ratio of 14.11 and a beta of 0.25. EOG Resources, Inc. has a 1 year low of $101.59 and a 1 year high of $151.87. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.72 and a quick ratio of 1.53.

EOG Resources (NYSE:EOG) last posted its earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 EPS for the quarter, topping the consensus estimate of $3.23 by $0.18. EOG Resources had a net margin of 23.01% and a return on equity of 19.25%. The business had revenue of $6.92 billion for the quarter, compared to the consensus estimate of $6.18 billion. During the same period last year, the company earned $2.87 EPS. The firm’s revenue was up 22.1% compared to the same quarter last year. On average, equities research analysts predict that EOG Resources, Inc. will post 16.19 earnings per share for the current year.

EOG Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 17th will be paid a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, July 17th. This represents a $4.08 annualized dividend and a dividend yield of 2.8%. EOG Resources’s dividend payout ratio (DPR) is presently 40.16%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on EOG shares. Stephens lowered their price objective on shares of EOG Resources from $170.00 to $167.00 in a research report on Wednesday, May 6th. Susquehanna restated a “positive” rating and issued a $170.00 target price (up from $166.00) on shares of EOG Resources in a research report on Tuesday. BMO Capital Markets boosted their target price on shares of EOG Resources from $140.00 to $160.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 1st. Royal Bank Of Canada upped their price target on shares of EOG Resources from $138.00 to $175.00 and gave the stock an “outperform” rating in a report on Wednesday, April 8th. Finally, Capital One Financial dropped their price target on EOG Resources from $161.00 to $159.00 and set an “overweight” rating for the company in a research note on Wednesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and sixteen have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $155.32.

About EOG Resources

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.