EOG Resources, Inc. (NYSE:EOG) Shares Sold by AMG National Trust Bank

AMG National Trust Bank decreased its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 42.4% during the 1st quarter, Holdings Channel reports. The institutional investor owned 2,386 shares of the energy exploration company’s stock after selling 1,753 shares during the period. AMG National Trust Bank’s holdings in EOG Resources were worth $306,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Capital World Investors grew its holdings in EOG Resources by 5.2% during the fourth quarter. Capital World Investors now owns 45,919,327 shares of the energy exploration company’s stock worth $5,628,497,000 after acquiring an additional 2,270,013 shares during the period. GAMMA Investing LLC grew its stake in shares of EOG Resources by 14,784.1% in the 1st quarter. GAMMA Investing LLC now owns 1,281,374 shares of the energy exploration company’s stock worth $164,323,000 after purchasing an additional 1,272,765 shares during the last quarter. Deutsche Bank AG grew its stake in shares of EOG Resources by 58.6% in the 4th quarter. Deutsche Bank AG now owns 2,081,409 shares of the energy exploration company’s stock worth $255,139,000 after purchasing an additional 769,362 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of EOG Resources by 134.7% in the 4th quarter. AQR Capital Management LLC now owns 1,294,824 shares of the energy exploration company’s stock worth $158,720,000 after purchasing an additional 743,202 shares during the last quarter. Finally, Demars Financial Group LLC grew its position in EOG Resources by 12,422.5% in the fourth quarter. Demars Financial Group LLC now owns 643,156 shares of the energy exploration company’s stock worth $78,838,000 after buying an additional 638,020 shares during the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

Insider Activity

In related news, COO Jeffrey R. Leitzell sold 3,951 shares of the company’s stock in a transaction on Monday, June 30th. The shares were sold at an average price of $119.65, for a total transaction of $472,737.15. Following the completion of the sale, the chief operating officer directly owned 45,739 shares of the company’s stock, valued at approximately $5,472,671.35. This represents a 7.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

EOG has been the topic of several recent research reports. Wells Fargo & Company restated an “overweight” rating on shares of EOG Resources in a research report on Sunday, June 22nd. UBS Group restated a “buy” rating and issued a $140.00 target price (up from $135.00) on shares of EOG Resources in a report on Tuesday, June 3rd. Roth Capital cut EOG Resources from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $140.00 to $134.00 in a research note on Wednesday, July 9th. Royal Bank Of Canada dropped their price target on EOG Resources from $145.00 to $140.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 8th. Finally, Piper Sandler dropped their target price on shares of EOG Resources from $138.00 to $136.00 and set a “neutral” rating on the stock in a research report on Thursday. Twelve equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $139.81.

EOG Resources Stock Performance

EOG opened at $117.63 on Monday. The company has a market cap of $64.20 billion, a PE ratio of 10.91, a price-to-earnings-growth ratio of 9.22 and a beta of 0.76. The stock has a 50-day moving average of $117.82 and a 200-day moving average of $121.26. EOG Resources, Inc. has a 52-week low of $102.52 and a 52-week high of $138.18. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.71 and a current ratio of 1.87.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.75 by $0.12. The company had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.92 billion. EOG Resources had a return on equity of 22.35% and a net margin of 26.14%. The firm’s revenue was down 7.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.82 EPS. As a group, equities research analysts forecast that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 17th will be issued a dividend of $1.02 per share. This is an increase from EOG Resources’s previous quarterly dividend of $0.98. This represents a $4.08 annualized dividend and a dividend yield of 3.47%. The ex-dividend date is Friday, October 17th. EOG Resources’s dividend payout ratio is currently 36.18%.

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.