First National Trust Co Increases Stake in EOG Resources, Inc. (NYSE:EOG)

First National Trust Co raised its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 11.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,398 shares of the energy exploration company’s stock after purchasing an additional 338 shares during the quarter. First National Trust Co’s holdings in EOG Resources were worth $411,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. McIlrath & Eck LLC raised its stake in shares of EOG Resources by 77.6% during the 3rd quarter. McIlrath & Eck LLC now owns 238 shares of the energy exploration company’s stock valued at $30,000 after purchasing an additional 104 shares during the period. Exchange Traded Concepts LLC lifted its holdings in shares of EOG Resources by 530.0% in the fourth quarter. Exchange Traded Concepts LLC now owns 252 shares of the energy exploration company’s stock worth $30,000 after buying an additional 212 shares in the last quarter. Peoples Bank KS bought a new position in shares of EOG Resources in the third quarter valued at approximately $31,000. Hall Laurie J Trustee purchased a new position in EOG Resources during the fourth quarter valued at approximately $36,000. Finally, Keener Financial Planning LLC bought a new stake in EOG Resources during the 4th quarter worth approximately $36,000. Institutional investors own 89.91% of the company’s stock.

EOG Resources Trading Down 1.4 %

Shares of EOG Resources stock traded down $1.78 during midday trading on Friday, reaching $130.02. 5,660,840 shares of the company’s stock traded hands, compared to its average volume of 2,953,117. The stock has a 50 day moving average of $127.48 and a 200-day moving average of $122.57. EOG Resources, Inc. has a 12 month low of $106.32 and a 12 month high of $139.67. The company has a market cap of $74.79 billion, a PE ratio of 10.27 and a beta of 1.38. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.13 and a current ratio of 2.44.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Thursday, May 2nd. The energy exploration company reported $2.82 EPS for the quarter, topping the consensus estimate of $2.70 by $0.12. EOG Resources had a net margin of 30.33% and a return on equity of 25.11%. The business had revenue of $6.12 billion during the quarter, compared to analyst estimates of $5.91 billion. During the same period in the prior year, the business earned $2.69 EPS. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. As a group, equities analysts expect that EOG Resources, Inc. will post 12.14 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 17th will be given a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 2.80%. The ex-dividend date is Wednesday, July 17th. EOG Resources’s dividend payout ratio is currently 28.75%.

Analysts Set New Price Targets

EOG has been the subject of a number of recent analyst reports. Stifel Nicolaus reduced their price target on shares of EOG Resources from $153.00 to $150.00 and set a “buy” rating for the company in a research report on Tuesday, April 23rd. Raymond James reduced their target price on EOG Resources from $148.00 to $145.00 and set a “strong-buy” rating for the company in a research report on Wednesday, January 24th. TD Cowen lifted their price target on EOG Resources from $130.00 to $144.00 and gave the company a “hold” rating in a research report on Tuesday, April 30th. Susquehanna upped their price objective on shares of EOG Resources from $147.00 to $155.00 and gave the stock a “positive” rating in a research report on Monday, April 22nd. Finally, StockNews.com raised shares of EOG Resources from a “hold” rating to a “buy” rating in a research note on Wednesday. Thirteen analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $142.27.

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.