EOG Resources, Inc. $EOG Shares Sold by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB lessened its holdings in EOG Resources, Inc. (NYSE:EOG) by 16.7% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 56,135 shares of the energy exploration company’s stock after selling 11,256 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in EOG Resources were worth $6,294,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. First Trust Advisors LP raised its stake in shares of EOG Resources by 64.1% in the second quarter. First Trust Advisors LP now owns 3,728,128 shares of the energy exploration company’s stock valued at $445,921,000 after acquiring an additional 1,456,928 shares in the last quarter. Prudential Financial Inc. grew its stake in EOG Resources by 282.3% during the 2nd quarter. Prudential Financial Inc. now owns 1,546,058 shares of the energy exploration company’s stock worth $184,924,000 after purchasing an additional 1,141,680 shares in the last quarter. Capital World Investors grew its stake in EOG Resources by 1.4% during the 3rd quarter. Capital World Investors now owns 54,907,949 shares of the energy exploration company’s stock worth $6,156,495,000 after purchasing an additional 782,426 shares in the last quarter. Qube Research & Technologies Ltd purchased a new stake in EOG Resources during the 3rd quarter worth about $87,193,000. Finally, TD Asset Management Inc raised its position in EOG Resources by 288.1% in the 3rd quarter. TD Asset Management Inc now owns 892,482 shares of the energy exploration company’s stock valued at $100,065,000 after purchasing an additional 662,539 shares in the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Up 1.0%

Shares of NYSE:EOG opened at $135.86 on Wednesday. The firm has a 50 day simple moving average of $117.59 and a 200-day simple moving average of $112.61. EOG Resources, Inc. has a twelve month low of $101.59 and a twelve month high of $136.86. The company has a current ratio of 1.63, a quick ratio of 1.42 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $72.89 billion, a PE ratio of 14.91 and a beta of 0.44.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Tuesday, February 24th. The energy exploration company reported $2.27 EPS for the quarter, topping the consensus estimate of $2.20 by $0.07. EOG Resources had a net margin of 22.00% and a return on equity of 18.67%. The firm had revenue of $5.64 billion for the quarter, compared to analyst estimates of $5.36 billion. During the same period last year, the business earned $2.74 EPS. EOG Resources’s revenue for the quarter was up .9% compared to the same quarter last year. On average, equities analysts predict that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Thursday, April 16th will be issued a dividend of $1.02 per share. The ex-dividend date of this dividend is Thursday, April 16th. This represents a $4.08 annualized dividend and a dividend yield of 3.0%. EOG Resources’s dividend payout ratio (DPR) is presently 44.79%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on EOG. Barclays lifted their price objective on EOG Resources from $133.00 to $140.00 and gave the company an “equal weight” rating in a research note on Monday. Citigroup reaffirmed a “neutral” rating and issued a $115.00 target price (down from $125.00) on shares of EOG Resources in a report on Wednesday, December 17th. Wells Fargo & Company lifted their price target on shares of EOG Resources from $127.00 to $155.00 and gave the stock an “overweight” rating in a research note on Monday. Jefferies Financial Group boosted their price target on shares of EOG Resources from $140.00 to $146.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of EOG Resources in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and seventeen have given a Hold rating to the stock. Based on data from MarketBeat, EOG Resources currently has a consensus rating of “Hold” and an average price target of $138.23.

Insider Transactions at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 2,000 shares of the business’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $130.00, for a total value of $260,000.00. Following the completion of the sale, the chief operating officer directly owned 88,045 shares of the company’s stock, valued at approximately $11,445,850. The trade was a 2.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Ann D. Janssen sold 2,597 shares of the company’s stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $134.31, for a total value of $348,803.07. Following the completion of the sale, the chief financial officer directly owned 100,246 shares of the company’s stock, valued at approximately $13,464,040.26. This trade represents a 2.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 10,371 shares of company stock worth $1,294,698 in the last quarter. Insiders own 0.13% of the company’s stock.

About EOG Resources

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.