Wesbanco Bank Inc. Has $18.31 Million Stake in EOG Resources, Inc. $EOG

Wesbanco Bank Inc. decreased its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 3.7% during the 1st quarter, Holdings Channel reports. The institutional investor owned 126,643 shares of the energy exploration company’s stock after selling 4,922 shares during the period. Wesbanco Bank Inc.’s holdings in EOG Resources were worth $18,309,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Legal & General Group Plc lifted its holdings in EOG Resources by 2.1% during the 3rd quarter. Legal & General Group Plc now owns 3,394,236 shares of the energy exploration company’s stock worth $380,562,000 after buying an additional 68,888 shares in the last quarter. Concurrent Investment Advisors LLC increased its stake in shares of EOG Resources by 66.4% in the 4th quarter. Concurrent Investment Advisors LLC now owns 19,745 shares of the energy exploration company’s stock valued at $2,073,000 after buying an additional 7,877 shares during the period. L2 Asset Management LLC increased its stake in shares of EOG Resources by 69.6% in the 3rd quarter. L2 Asset Management LLC now owns 19,355 shares of the energy exploration company’s stock valued at $2,170,000 after buying an additional 7,940 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of EOG Resources by 2.2% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,150,840 shares of the energy exploration company’s stock worth $123,451,000 after acquiring an additional 24,984 shares during the last quarter. Finally, Ilmarinen Mutual Pension Insurance Co raised its position in shares of EOG Resources by 39.2% during the fourth quarter. Ilmarinen Mutual Pension Insurance Co now owns 87,000 shares of the energy exploration company’s stock worth $9,136,000 after acquiring an additional 24,500 shares during the last quarter. 89.91% of the stock is owned by institutional investors.

EOG Resources Stock Down 0.7%

EOG Resources stock opened at $132.64 on Friday. The stock has a market capitalization of $70.65 billion, a PE ratio of 13.06 and a beta of 0.25. EOG Resources, Inc. has a twelve month low of $101.59 and a twelve month high of $151.87. The company has a quick ratio of 1.53, a current ratio of 1.72 and a debt-to-equity ratio of 0.26. The company has a 50 day moving average of $135.81 and a 200-day moving average of $125.55.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Tuesday, May 5th. The energy exploration company reported $3.41 EPS for the quarter, topping analysts’ consensus estimates of $3.23 by $0.18. The business had revenue of $6.92 billion for the quarter, compared to analyst estimates of $6.18 billion. EOG Resources had a net margin of 23.01% and a return on equity of 19.25%. The firm’s quarterly revenue was up 22.1% on a year-over-year basis. During the same period last year, the business posted $2.87 earnings per share. On average, equities research analysts anticipate that EOG Resources, Inc. will post 16.64 EPS for the current fiscal year.

EOG Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 17th will be issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Friday, July 17th. EOG Resources’s payout ratio is 40.16%.

Insider Activity at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 5,698 shares of the company’s stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $150.32, for a total transaction of $856,523.36. Following the completion of the transaction, the chief operating officer directly owned 88,045 shares of the company’s stock, valued at $13,234,924.40. This represents a 6.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.14% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on EOG. Royal Bank Of Canada lifted their price target on shares of EOG Resources from $138.00 to $175.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 8th. The Goldman Sachs Group increased their price objective on shares of EOG Resources from $135.00 to $139.00 and gave the company a “neutral” rating in a report on Tuesday, May 12th. Morgan Stanley lifted their target price on shares of EOG Resources from $155.00 to $160.00 and gave the stock an “equal weight” rating in a report on Thursday, May 21st. UBS Group upped their target price on shares of EOG Resources from $141.00 to $149.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Finally, Zacks Research downgraded EOG Resources from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 27th. One research 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. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $156.00.

EOG Resources Company Profile

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.