EOG Resources, Inc. $EOG Stock Holdings Cut by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lessened its position in EOG Resources, Inc. (NYSE:EOG) by 1.1% during the second quarter, Holdings Channel reports. The institutional investor owned 211,375 shares of the energy exploration company’s stock after selling 2,378 shares during the quarter. PNC Financial Services Group Inc.’s holdings in EOG Resources were worth $25,283,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Stephens Inc. AR boosted its position in shares of EOG Resources by 4.1% during the 1st quarter. Stephens Inc. AR now owns 5,680 shares of the energy exploration company’s stock valued at $728,000 after purchasing an additional 222 shares in the last quarter. CWM LLC boosted its holdings in EOG Resources by 2.3% during the first quarter. CWM LLC now owns 20,071 shares of the energy exploration company’s stock worth $2,574,000 after buying an additional 452 shares in the last quarter. Sigma Planning Corp grew its position in EOG Resources by 1.6% in the first quarter. Sigma Planning Corp now owns 6,259 shares of the energy exploration company’s stock worth $803,000 after buying an additional 97 shares during the last quarter. Cullen Frost Bankers Inc. increased its holdings in shares of EOG Resources by 43.5% in the first quarter. Cullen Frost Bankers Inc. now owns 6,148 shares of the energy exploration company’s stock valued at $788,000 after buying an additional 1,863 shares in the last quarter. Finally, Kingsview Wealth Management LLC boosted its stake in shares of EOG Resources by 8.8% during the 1st quarter. Kingsview Wealth Management LLC now owns 4,198 shares of the energy exploration company’s stock worth $538,000 after acquiring an additional 338 shares in the last quarter. Institutional investors own 89.91% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Susquehanna upped their target price on EOG Resources from $156.00 to $170.00 and gave the company a “positive” rating in a report on Wednesday, July 23rd. Mizuho decreased their target price on shares of EOG Resources from $140.00 to $133.00 and set a “neutral” rating for the company in a report on Monday, September 15th. Raymond James Financial boosted their price target on shares of EOG Resources from $158.00 to $161.00 and gave the company a “strong-buy” rating in a report on Tuesday, July 22nd. BMO Capital Markets reduced their price target on shares of EOG Resources from $134.00 to $130.00 in a research report on Tuesday. Finally, Barclays set a $136.00 price objective on shares of EOG Resources and gave the stock an “equal weight” rating in a research report on Tuesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and fifteen have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $140.31.

EOG Resources Trading Up 1.0%

Shares of NYSE:EOG opened at $110.31 on Friday. EOG Resources, Inc. has a 12-month low of $102.52 and a 12-month high of $138.18. The company has a quick ratio of 1.61, a current ratio of 1.79 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $59.85 billion, a P/E ratio of 10.72, a price-to-earnings-growth ratio of 8.20 and a beta of 0.72. The firm has a fifty day moving average of $111.01 and a two-hundred day moving average of $115.43.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.42 by $0.29. EOG Resources had a return on equity of 20.51% and a net margin of 25.25%.The business had revenue of $5.85 billion during the quarter, compared to analyst estimates of $5.48 billion. During the same period last year, the company earned $2.89 earnings per share. EOG Resources’s quarterly revenue was down 2.0% compared to the same quarter last year. On average, equities analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Friday, January 16th will be given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Friday, January 16th. EOG Resources’s dividend payout ratio (DPR) is presently 40.64%.

About EOG Resources

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.