Glenview Trust co Has $13.54 Million Position in EOG Resources, Inc. (NYSE:EOG)

Glenview Trust co lifted its position in EOG Resources, Inc. (NYSE:EOG) by 0.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 110,424 shares of the energy exploration company’s stock after purchasing an additional 636 shares during the quarter. Glenview Trust co’s holdings in EOG Resources were worth $13,536,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Financial Life Planners bought a new stake in EOG Resources during the fourth quarter worth about $25,000. Y.D. More Investments Ltd grew its position in EOG Resources by 149.4% during the 4th quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company’s stock worth $25,000 after acquiring an additional 121 shares during the last quarter. Mainstream Capital Management LLC acquired a new stake in EOG Resources during the 4th quarter valued at $25,000. Decker Retirement Planning Inc. bought a new position in EOG Resources in the 4th quarter valued at $27,000. Finally, Keystone Financial Group Inc. acquired a new position in EOG Resources in the fourth quarter worth $27,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Stock Performance

EOG stock opened at $124.04 on Friday. EOG Resources, Inc. has a 1-year low of $115.78 and a 1-year high of $139.67. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. The firm has a market cap of $68.71 billion, a PE ratio of 9.99, a P/E/G ratio of 3.58 and a beta of 1.25. The business’s 50-day moving average price is $129.55 and its two-hundred day moving average price is $127.61.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Friday, February 28th. The energy exploration company reported $2.74 earnings per share for the quarter, beating 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 business had revenue of $5.59 billion for the quarter, compared to analysts’ expectations of $5.96 billion. As a group, research analysts forecast that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Royal Bank of Canada raised EOG Resources from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from $150.00 to $155.00 in a report on Wednesday, February 12th. Raymond James upped their target price on shares of EOG Resources from $167.00 to $175.00 and gave the stock a “strong-buy” rating in a research report on Thursday, January 23rd. UBS Group lowered their price target on shares of EOG Resources from $165.00 to $160.00 and set a “buy” rating for the company in a report on Tuesday, March 4th. JPMorgan Chase & Co. reduced their price objective on EOG Resources from $149.00 to $132.00 and set a “neutral” rating on the stock in a report on Thursday. Finally, Piper Sandler lowered their target price on EOG Resources from $141.00 to $135.00 and set a “neutral” rating for the company in a research note on Thursday, March 6th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $145.86.

Insider Transactions at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 4,000 shares of the company’s stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $120.89, for a total value of $483,560.00. Following the completion of the transaction, the chief operating officer now directly owns 42,703 shares of the company’s stock, valued at approximately $5,162,365.67. This represents a 8.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.30% of the stock is owned by insiders.

EOG Resources 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.