EOG Resources, Inc. (NYSE:EOG) Shares Sold by Blue Trust Inc.

Blue Trust Inc. cut its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 21.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,947 shares of the energy exploration company’s stock after selling 1,336 shares during the period. Blue Trust Inc.’s holdings in EOG Resources were worth $632,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Capital World Investors lifted its position in EOG Resources by 59.2% during the fourth quarter. Capital World Investors now owns 25,420,916 shares of the energy exploration company’s stock valued at $3,074,660,000 after purchasing an additional 9,455,621 shares during the period. Morgan Stanley raised its position in shares of EOG Resources by 1.5% in the third quarter. Morgan Stanley now owns 7,789,774 shares of the energy exploration company’s stock worth $987,432,000 after acquiring an additional 116,860 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in shares of EOG Resources by 26.3% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,948,119 shares of the energy exploration company’s stock worth $598,475,000 after acquiring an additional 1,029,727 shares during the period. Dimensional Fund Advisors LP raised its position in shares of EOG Resources by 4.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,163,856 shares of the energy exploration company’s stock worth $503,641,000 after acquiring an additional 176,854 shares during the period. Finally, Franklin Resources Inc. raised its position in shares of EOG Resources by 0.3% in the fourth quarter. Franklin Resources Inc. now owns 3,265,952 shares of the energy exploration company’s stock worth $395,017,000 after acquiring an additional 10,506 shares during the period. 89.91% of the stock is currently owned by institutional investors and hedge funds.

EOG Resources Trading Down 1.4 %

Shares of EOG stock traded down $1.83 during trading hours on Friday, hitting $124.94. The company had a trading volume of 3,354,629 shares, compared to its average volume of 2,383,599. The stock has a market capitalization of $71.80 billion, a PE ratio of 9.87, a price-to-earnings-growth ratio of 1.75 and a beta of 1.30. EOG Resources, Inc. has a fifty-two week low of $108.94 and a fifty-two week high of $139.67. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.32 and a quick ratio of 2.05. The company’s fifty day moving average is $125.40 and its 200 day moving average is $122.62.

EOG Resources (NYSE:EOG) last released its earnings results on Thursday, May 2nd. The energy exploration company reported $2.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.70 by $0.12. The company had revenue of $6.12 billion for the quarter, compared to analyst estimates of $5.91 billion. EOG Resources had a net margin of 30.33% and a return on equity of 24.83%. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the business earned $2.69 EPS. Research analysts expect that EOG Resources, Inc. will post 12.06 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 17th will be issued a dividend of $0.91 per share. The ex-dividend date of this dividend is Wednesday, July 17th. This represents a $3.64 dividend on an annualized basis and a yield of 2.91%. EOG Resources’s dividend payout ratio (DPR) is presently 28.75%.

Wall Street Analysts Forecast Growth

EOG has been the subject of a number of research reports. JPMorgan Chase & Co. boosted their target price on shares of EOG Resources from $134.00 to $141.00 and gave the stock a “neutral” rating in a research note on Thursday, March 28th. TD Cowen boosted their target price on shares of EOG Resources from $130.00 to $144.00 and gave the stock a “hold” rating in a research note on Tuesday, April 30th. Benchmark reissued a “hold” rating on shares of EOG Resources in a research note on Tuesday, May 7th. Royal Bank of Canada reissued a “sector perform” rating and set a $145.00 target price on shares of EOG Resources in a research note on Tuesday, April 9th. Finally, Mizuho boosted their target price on shares of EOG Resources from $140.00 to $156.00 and gave the stock a “buy” rating in a research note on Monday, May 13th. Thirteen equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $143.19.

Insiders Place Their Bets

In other news, CEO Ezra Y. Yacob sold 4,729 shares of the firm’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $129.31, for a total value of $611,506.99. Following the sale, the chief executive officer now directly owns 150,474 shares in the company, valued at approximately $19,457,792.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Michael P. Donaldson sold 2,685 shares of the firm’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $130.29, for a total value of $349,828.65. Following the sale, the executive vice president now directly owns 109,040 shares in the company, valued at approximately $14,206,821.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ezra Y. Yacob sold 4,729 shares of the stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $129.31, for a total transaction of $611,506.99. Following the completion of the transaction, the chief executive officer now directly owns 150,474 shares in the company, valued at $19,457,792.94. The disclosure for this sale can be found here. Insiders have sold a total of 16,512 shares of company stock worth $2,144,972 in the last ninety days. 0.20% of the stock is owned by corporate insiders.

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.