EOG Resources, Inc. (NYSE:EOG) Shares Sold by Bokf Na

Bokf Na lessened its position in shares of EOG Resources, Inc. (NYSE:EOG) by 33.0% during the 1st quarter, Holdings Channel reports. The institutional investor owned 23,504 shares of the energy exploration company’s stock after selling 11,596 shares during the period. Bokf Na’s holdings in EOG Resources were worth $3,050,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. MUFG Securities EMEA plc purchased a new stake in shares of EOG Resources during the 4th quarter worth about $5,443,000. TIAA Trust National Association raised its position in EOG Resources by 639.3% during the fourth quarter. TIAA Trust National Association now owns 57,636 shares of the energy exploration company’s stock worth $6,971,000 after acquiring an additional 49,840 shares during the period. Dai ichi Life Insurance Company Ltd lifted its holdings in EOG Resources by 15.3% during the fourth quarter. Dai ichi Life Insurance Company Ltd now owns 46,468 shares of the energy exploration company’s stock valued at $5,620,000 after purchasing an additional 6,154 shares in the last quarter. L. Roy Papp & Associates LLP increased its stake in EOG Resources by 18.3% during the 4th quarter. L. Roy Papp & Associates LLP now owns 168,354 shares of the energy exploration company’s stock worth $20,362,000 after buying an additional 26,026 shares in the last quarter. Finally, AIA Group Ltd raised its holdings in EOG Resources by 128.0% in the 4th quarter. AIA Group Ltd now owns 10,203 shares of the energy exploration company’s stock valued at $1,234,000 after acquiring an additional 5,728 shares during the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

Insider Buying and Selling

In other news, President Lloyd W. Helms, Jr. sold 1,296 shares of the company’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $130.27, for a total transaction of $168,829.92. Following the completion of the sale, the president now directly owns 161,109 shares in the company, valued at approximately $20,987,669.43. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other EOG Resources news, President Lloyd W. Helms, Jr. sold 1,296 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $130.27, for a total transaction of $168,829.92. Following the completion of the sale, the president now directly owns 161,109 shares in the company, valued at $20,987,669.43. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Ezra Y. Yacob sold 4,729 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $129.31, for a total value 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. Over the last quarter, insiders sold 16,512 shares of company stock valued at $2,144,972. Insiders own 0.30% of the company’s stock.

EOG Resources Trading Down 1.4 %

EOG traded down $1.76 during trading on Monday, hitting $125.39. The company’s stock had a trading volume of 209,818 shares, compared to its average volume of 3,167,894. EOG Resources, Inc. has a twelve month low of $108.94 and a twelve month high of $139.67. The firm’s 50 day moving average price is $124.73 and its 200-day moving average price is $123.40. 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 stock has a market cap of $72.06 billion, a PE ratio of 10.04, a PEG ratio of 2.22 and a beta of 1.30.

EOG Resources (NYSE:EOG) last released its earnings results on Thursday, May 2nd. The energy exploration company reported $2.82 EPS for the quarter, beating the consensus estimate of $2.70 by $0.12. EOG Resources had a return on equity of 24.83% and a net margin of 30.33%. The firm 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 firm posted $2.69 earnings per share. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. On average, analysts expect that EOG Resources, Inc. will post 12.13 earnings per share for the current year.

EOG Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th will be issued a $0.91 dividend. 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 2.90%. EOG Resources’s payout ratio is 28.75%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Scotiabank reduced their price objective on EOG Resources from $155.00 to $150.00 and set a “sector perform” rating on the stock in a research report on Friday, July 12th. Royal Bank of Canada reiterated a “sector perform” rating and set a $147.00 price target on shares of EOG Resources in a report on Wednesday, July 10th. Susquehanna raised 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. Stifel Nicolaus decreased their target price on shares of EOG Resources from $153.00 to $150.00 and set a “buy” rating on the stock in a report on Tuesday, April 23rd. Finally, TD Cowen raised their price target on shares of EOG Resources from $130.00 to $144.00 and gave the stock a “hold” rating in a report on Tuesday, April 30th. Fifteen equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $143.20.

EOG Resources Company 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.