Glenview Trust Co Sells 8,870 Shares of EOG Resources, Inc. $EOG

Glenview Trust Co trimmed its position in EOG Resources, Inc. (NYSE:EOG) by 24.0% during the 3rd quarter, HoldingsChannel reports. The firm owned 28,124 shares of the energy exploration company’s stock after selling 8,870 shares during the quarter. Glenview Trust Co’s holdings in EOG Resources were worth $3,874,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in EOG. VIRGINIA RETIREMENT SYSTEMS ET Al raised its holdings in shares of EOG Resources by 3.0% during the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 273,900 shares of the energy exploration company’s stock worth $37,732,000 after acquiring an additional 8,000 shares in the last quarter. Parcion Private Wealth LLC boosted its position in shares of EOG Resources by 20.7% during the 3rd quarter. Parcion Private Wealth LLC now owns 2,782 shares of the energy exploration company’s stock valued at $383,000 after acquiring an additional 478 shares during the last quarter. Soltis Investment Advisors LLC boosted its position in shares of EOG Resources by 23.9% during the 3rd quarter. Soltis Investment Advisors LLC now owns 5,281 shares of the energy exploration company’s stock valued at $728,000 after acquiring an additional 1,017 shares during the last quarter. Founders Financial Securities LLC boosted its position in shares of EOG Resources by 1.0% during the 3rd quarter. Founders Financial Securities LLC now owns 10,652 shares of the energy exploration company’s stock valued at $1,467,000 after acquiring an additional 107 shares during the last quarter. Finally, United Asset Strategies Inc. grew its holdings in shares of EOG Resources by 2.6% in the third quarter. United Asset Strategies Inc. now owns 5,737 shares of the energy exploration company’s stock valued at $790,000 after purchasing an additional 148 shares in the last quarter. 89.91% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

EOG has been the topic of several research reports. Wells Fargo & Company restated an “overweight” rating and issued a $193.00 price target (down from $196.00) on shares of EOG Resources in a research report on Thursday, August 13th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $186.00 price target (up from $183.00) on shares of EOG Resources in a research note on Thursday, September 17th. Stifel Nicolaus began coverage on shares of EOG Resources in a research report on Thursday, September 10th. They set a “hold” rating and a $158.00 price objective for the company. UBS Group reissued a “buy” rating and issued a $186.00 price objective (up from $183.00) on shares of EOG Resources in a research note on Friday, October 9th. Finally, Mizuho set a $165.00 target price on shares of EOG Resources in a report on Thursday, October 15th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seventeen have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $161.24.

EOG Resources Trading Up 2.1%

Shares of EOG stock opened at $165.58 on Friday. The company has a market cap of $86.85 billion, a PE ratio of 12.89, a price-to-earnings-growth ratio of 0.58 and a beta of 0.36. EOG Resources, Inc. has a 1 year low of $101.59 and a 1 year high of $165.93. The stock’s 50 day simple moving average is $149.06 and its two-hundred day simple moving average is $136.76. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.85 and a quick ratio of 1.68.

EOG Resources (NYSE:EOG) last announced its earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 EPS for the quarter, topping analysts’ consensus estimates of $4.97 by $0.10. The firm had revenue of $8.62 billion during the quarter, compared to analysts’ expectations of $8.04 billion. EOG Resources had a return on equity of 23.44% and a net margin of 25.44%. The company’s quarterly revenue was up 57.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.32 EPS. Research analysts predict that EOG Resources, Inc. will post 17.70 earnings per share for the current year.

EOG Resources Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 30th. Investors of record on Friday, October 16th were issued a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 2.5%. The ex-dividend date was Friday, October 16th. EOG Resources’s dividend payout ratio is presently 31.75%.

Insider Buying and Selling

In other EOG Resources news, COO Jeffrey R. Leitzell sold 9,039 shares of the business’s stock in a transaction on Friday, September 25th. The shares were sold at an average price of $140.61, for a total transaction of $1,270,973.79. Following the transaction, the chief operating officer owned 90,790 shares in the company, valued at $12,765,981.90. The trade was a 9.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Ezra Y. Yacob sold 35,942 shares of the business’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $152.10, for a total transaction of $5,466,778.20. Following the transaction, the chief executive officer owned 242,451 shares in the company, valued at $36,876,797.10. This trade represents a 12.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 52,317 shares of company stock worth $7,823,480 over the last three months. 0.14% of the stock is owned by insiders.

EOG Resources Company Profile

EOG Resources, Inc is an independent exploration and production company engaged in finding, developing, producing and marketing crude oil, natural gas liquids and natural gas. Its operations focus on large, high-quality onshore and international assets, supported by technical expertise in horizontal drilling and hydraulic fracturing.

The company’s principal U.S. activities are concentrated in major shale and onshore plays, including the Delaware Basin, Eagle Ford and other producing regions in Texas and the Rocky Mountains.