First Nebraska Trust Co Makes New $9.37 Million Investment in EOG Resources, Inc. $EOG

First Nebraska Trust Co bought a new stake in EOG Resources, Inc. (NYSE:EOG) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 68,039 shares of the energy exploration company’s stock, valued at approximately $9,373,000. EOG Resources accounts for approximately 0.8% of First Nebraska Trust Co’s portfolio, making the stock its 26th biggest position.

Several other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. purchased a new stake in shares of EOG Resources during the 2nd quarter valued at about $5,905,587,000. Bank of New York Mellon Corp bought a new position in shares of EOG Resources in the 2nd quarter worth approximately $654,899,000. Bank of America Corp DE bought a new position in shares of EOG Resources in the 2nd quarter worth approximately $551,321,000. Deutsche Bank AG purchased a new position in shares of EOG Resources in the second quarter worth approximately $251,102,000. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in shares of EOG Resources by 357.8% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,971,842 shares of the energy exploration company’s stock worth $271,641,000 after buying an additional 1,541,140 shares during the last quarter. 89.91% of the stock is owned by hedge funds and other institutional investors.

EOG Resources Stock Down 1.9%

NYSE EOG opened at $154.95 on Wednesday. The stock’s 50-day moving average price is $149.25 and its 200-day moving average price is $137.23. The company has a market capitalization of $81.28 billion, a P/E ratio of 12.06, a price-to-earnings-growth ratio of 0.56 and a beta of 0.27. The company has a quick ratio of 1.68, a current ratio of 1.85 and a debt-to-equity ratio of 0.25. EOG Resources, Inc. has a 52 week low of $101.59 and a 52 week high of $165.93.

EOG Resources (NYSE:EOG) last released its earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.97 by $0.10. EOG Resources had a net margin of 25.44% and a return on equity of 23.44%. The company had revenue of $8.62 billion during the quarter, compared to analyst estimates of $8.04 billion. During the same period in the prior year, the firm posted $2.32 EPS. The firm’s quarterly revenue was up 57.4% compared to the same quarter last year. On average, equities research analysts predict that EOG Resources, Inc. will post 17.70 earnings per share for the current year.

Insider Buying and Selling at EOG Resources

In other EOG Resources news, COO Jeffrey Leitzell sold 9,039 shares of the company’s stock in a transaction that occurred on Friday, September 25th. The shares were sold at an average price of $140.61, for a total value of $1,270,973.79. Following the completion of the transaction, the chief operating officer directly owned 90,790 shares in the company, valued at $12,765,981.90. This represents a 9.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Ezra Yacob sold 35,942 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $152.10, for a total transaction of $5,466,778.20. Following the completion of the transaction, the chief executive officer owned 242,451 shares of the company’s stock, valued at approximately $36,876,797.10. The trade was a 12.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 52,317 shares of company stock valued at $7,823,480 over the last 90 days. 0.14% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on EOG shares. Seaport Research Partners assumed coverage on shares of EOG Resources in a research report on Thursday, September 3rd. They set a “neutral” rating for the company. Wells Fargo & Company reiterated an “overweight” rating and issued a $193.00 price target (down from $196.00) on shares of EOG Resources in a research report on Thursday, August 13th. Barclays set a $147.00 price target on shares of EOG Resources and gave the stock an “equal weight” rating in a research report on Monday, August 17th. Roth Capital reiterated a “neutral” rating and set a $138.00 price target on shares of EOG Resources in a research note on Wednesday, August 5th. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $151.00 price objective (up from $127.00) on shares of EOG Resources in a research report on Monday, August 24th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seventeen have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $161.24.

About EOG Resources

EOG Resources, Inc is an independent exploration and production company engaged in finding, developing, producing and marketing crude oil, natural gas liquids and natural gas. Its operations focus on large, high-quality onshore and international assets, supported by technical expertise in horizontal drilling and hydraulic fracturing.

The company’s principal U.S. activities are concentrated in major shale and onshore plays, including the Delaware Basin, Eagle Ford and other producing regions in Texas and the Rocky Mountains.