AMG National Trust Bank Reduces Stake in EOG Resources, Inc. (NYSE:EOG)

AMG National Trust Bank decreased its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 70.7% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 4,139 shares of the energy exploration company’s stock after selling 9,992 shares during the period. AMG National Trust Bank’s holdings in EOG Resources were worth $503,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Berkshire Asset Management LLC PA increased its stake in EOG Resources by 3.7% in the 4th quarter. Berkshire Asset Management LLC PA now owns 186,769 shares of the energy exploration company’s stock worth $24,620,000 after acquiring an additional 6,717 shares during the last quarter. Edgestream Partners L.P. increased its stake in EOG Resources by 152.6% in the 4th quarter. Edgestream Partners L.P. now owns 28,977 shares of the energy exploration company’s stock worth $3,552,000 after acquiring an additional 17,504 shares during the last quarter. Jackson Creek Investment Advisors LLC increased its stake in EOG Resources by 14.2% in the 4th quarter. Jackson Creek Investment Advisors LLC now owns 3,265 shares of the energy exploration company’s stock worth $400,000 after acquiring an additional 407 shares during the last quarter. Ashton Thomas Private Wealth LLC increased its stake in EOG Resources by 142.8% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 52,295 shares of the energy exploration company’s stock worth $6,410,000 after acquiring an additional 30,756 shares during the last quarter. Finally, Callan Family Office LLC bought a new position in EOG Resources in the 4th quarter worth about $374,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Insiders Place Their Bets

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $120.89, for a total value of $483,560.00. Following the completion of the sale, the chief operating officer now owns 42,703 shares in the company, valued at approximately $5,162,365.67. This trade represents a 8.56 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.30% of the company’s stock.

EOG Resources Price Performance

EOG opened at $125.41 on Friday. The stock’s 50 day simple moving average is $129.50 and its 200 day simple moving average is $127.72. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. EOG Resources, Inc. has a 1 year low of $115.78 and a 1 year high of $139.67. The firm has a market cap of $69.47 billion, a price-to-earnings ratio of 10.10, a PEG ratio of 3.58 and a beta of 1.25.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Friday, February 28th. The energy exploration company reported $2.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.55 by $0.19. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. The business had revenue of $5.59 billion for the quarter, compared to analyst estimates of $5.96 billion. As a group, analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be issued a $0.975 dividend. This represents a $3.90 annualized dividend and a yield of 3.11%. The ex-dividend date of this dividend is Wednesday, April 16th. EOG Resources’s dividend payout ratio (DPR) is currently 34.73%.

Analyst Ratings Changes

EOG has been the topic of a number of research analyst reports. Wells Fargo & Company upgraded EOG Resources from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $147.00 to $150.00 in a research note on Tuesday, December 17th. Citigroup upped their target price on EOG Resources from $127.00 to $134.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 26th. Barclays decreased their target price on EOG Resources from $148.00 to $146.00 and set an “equal weight” rating on the stock in a research note on Friday, February 28th. Bank of America reiterated a “neutral” rating and set a $144.00 price objective (down from $151.00) on shares of EOG Resources in a research report on Monday, January 13th. Finally, Raymond James increased their price objective on EOG Resources from $167.00 to $175.00 and gave the company a “strong-buy” rating in a research report on Thursday, January 23rd. Twelve equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, EOG Resources presently has an average rating of “Moderate Buy” and an average price target of $145.80.

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.