EOG Resources Inc (EOG) Shares Sold by First National Trust Co

First National Trust Co reduced its stake in shares of EOG Resources Inc (NYSE:EOG) by 40.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,329 shares of the energy exploration company’s stock after selling 1,564 shares during the quarter. First National Trust Co’s holdings in EOG Resources were worth $252,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Baker Ellis Asset Management LLC bought a new position in EOG Resources in the third quarter valued at approximately $101,000. Chicago Partners Investment Group LLC boosted its stake in EOG Resources by 178.0% in the third quarter. Chicago Partners Investment Group LLC now owns 1,112 shares of the energy exploration company’s stock valued at $108,000 after acquiring an additional 712 shares during the last quarter. Fis Group Inc. bought a new position in EOG Resources in the third quarter valued at approximately $130,000. Quantbot Technologies LP bought a new position in EOG Resources in the third quarter valued at approximately $153,000. Finally, Zions Bancorporation boosted its stake in EOG Resources by 5,268.6% in the third quarter. Zions Bancorporation now owns 1,879 shares of the energy exploration company’s stock valued at $182,000 after acquiring an additional 1,844 shares during the last quarter. 85.28% of the stock is currently owned by institutional investors and hedge funds.

In related news, CFO Timothy K. Driggers sold 8,871 shares of the firm’s stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $105.45, for a total transaction of $935,446.95. Following the sale, the chief financial officer now directly owns 185,157 shares in the company, valued at $19,524,805.65. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Michael P. Donaldson sold 15,322 shares of the firm’s stock in a transaction on Thursday, January 11th. The stock was sold at an average price of $114.26, for a total transaction of $1,750,691.72. Following the sale, the executive vice president now owns 59,917 shares in the company, valued at $6,846,116.42. The disclosure for this sale can be found here. Over the last quarter, insiders sold 139,048 shares of company stock worth $8,173,973. Company insiders own 0.53% of the company’s stock.

Shares of EOG Resources Inc (NYSE EOG) opened at $114.37 on Friday. The company has a quick ratio of 1.11, a current ratio of 1.27 and a debt-to-equity ratio of 0.46. The firm has a market cap of $66,130.00, a price-to-earnings ratio of 11,437.00, a price-to-earnings-growth ratio of 4.62 and a beta of 0.98. EOG Resources Inc has a twelve month low of $81.99 and a twelve month high of $116.47.

EOG Resources (NYSE:EOG) last posted its earnings results on Thursday, November 2nd. The energy exploration company reported $0.19 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.07. The company had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.59 billion. EOG Resources had a net margin of 3.79% and a return on equity of 2.90%. The business’s revenue for the quarter was up 24.8% compared to the same quarter last year. During the same period last year, the business posted ($0.40) earnings per share. sell-side analysts anticipate that EOG Resources Inc will post 0.91 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 17th will be issued a $0.1675 dividend. The ex-dividend date is Tuesday, January 16th. This represents a $0.67 annualized dividend and a yield of 0.59%. EOG Resources’s dividend payout ratio (DPR) is presently 6,700.00%.

EOG has been the topic of a number of recent research reports. Imperial Capital initiated coverage on shares of EOG Resources in a research note on Thursday, September 28th. They issued an “outperform” rating and a $115.00 price objective on the stock. Stifel Nicolaus set a $106.00 price objective on shares of EOG Resources and gave the company a “buy” rating in a research note on Thursday, October 5th. Jefferies Group reaffirmed a “hold” rating and issued a $95.00 price objective on shares of EOG Resources in a research note on Tuesday, October 10th. Royal Bank of Canada set a $107.00 price objective on shares of EOG Resources and gave the company a “hold” rating in a research note on Tuesday, October 10th. Finally, BMO Capital Markets set a $105.00 price objective on shares of EOG Resources and gave the company a “buy” rating in a research note on Tuesday, October 10th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $114.52.

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About EOG Resources

EOG Resources, Inc explores for, develops, produces and markets crude oil and natural gas in major producing basins in the United States, The Republic of Trinidad and Tobago, the United Kingdom, The People’s Republic of China, Canada and, from time to time, select other international areas. Its operations are all crude oil and natural gas exploration and production related.

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Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)

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