Glenview Trust co Acquires 636 Shares of EOG Resources, Inc. (NYSE:EOG)

Glenview Trust co boosted its holdings in EOG Resources, Inc. (NYSE:EOG) by 0.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 110,424 shares of the energy exploration company’s stock after purchasing an additional 636 shares during the period. Glenview Trust co’s holdings in EOG Resources were worth $13,536,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Envestnet Portfolio Solutions Inc. raised its holdings in EOG Resources by 1.6% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 45,423 shares of the energy exploration company’s stock worth $5,568,000 after acquiring an additional 726 shares in the last quarter. Choate Investment Advisors increased its position in shares of EOG Resources by 13.8% during the 4th quarter. Choate Investment Advisors now owns 70,283 shares of the energy exploration company’s stock worth $8,615,000 after purchasing an additional 8,511 shares during the last quarter. Natixis Advisors LLC raised its stake in shares of EOG Resources by 13.0% during the 4th quarter. Natixis Advisors LLC now owns 498,189 shares of the energy exploration company’s stock worth $61,068,000 after purchasing an additional 57,181 shares in the last quarter. Frank Rimerman Advisors LLC boosted its holdings in shares of EOG Resources by 23.9% in the 4th quarter. Frank Rimerman Advisors LLC now owns 3,411 shares of the energy exploration company’s stock valued at $418,000 after buying an additional 657 shares during the last quarter. Finally, United Capital Management of KS Inc. grew its stake in shares of EOG Resources by 4.2% in the fourth quarter. United Capital Management of KS Inc. now owns 68,306 shares of the energy exploration company’s stock valued at $8,373,000 after buying an additional 2,742 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

Several analysts have issued reports on EOG shares. Benchmark reaffirmed a “hold” rating on shares of EOG Resources in a research report on Monday, January 13th. Piper Sandler dropped their target price on shares of EOG Resources from $141.00 to $135.00 and set a “neutral” rating on the stock in a report on Thursday, March 6th. Citigroup cut EOG Resources from a “neutral” rating to a “reduce” rating in a report on Wednesday, March 5th. Wells Fargo & Company dropped their price objective on EOG Resources from $150.00 to $146.00 and set an “overweight” rating on the stock in a research note on Thursday. Finally, StockNews.com downgraded EOG Resources from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, EOG Resources currently has an average rating of “Hold” and an average target price of $145.86.

EOG Resources Stock Up 2.4 %

Shares of EOG opened at $124.04 on Friday. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. EOG Resources, Inc. has a 12 month low of $115.78 and a 12 month high of $139.67. The firm’s 50 day moving average is $129.55 and its 200-day moving average is $127.61. The stock has a market capitalization of $68.71 billion, a PE ratio of 9.99, a P/E/G ratio of 3.58 and a beta of 1.25.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Friday, February 28th. The energy exploration company reported $2.74 earnings per share for the quarter, beating the consensus estimate of $2.55 by $0.19. The firm had revenue of $5.59 billion during the quarter, compared to analysts’ expectations of $5.96 billion. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. Equities research analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be given a dividend of $0.975 per share. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $3.90 annualized dividend and a yield of 3.14%. EOG Resources’s dividend payout ratio is 34.73%.

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.