Whittier Trust Co. of Nevada Inc. Acquires 3,877 Shares of EOG Resources, Inc. (NYSE:EOG)

Whittier Trust Co. of Nevada Inc. raised its holdings in EOG Resources, Inc. (NYSE:EOG) by 3.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 104,133 shares of the energy exploration company’s stock after purchasing an additional 3,877 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in EOG Resources were worth $12,764,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Financial Life Planners bought a new position in EOG Resources in the 4th quarter valued at $25,000. Y.D. More Investments Ltd raised its position in EOG Resources by 149.4% in the 4th quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company’s stock valued at $25,000 after purchasing an additional 121 shares during the last quarter. Mainstream Capital Management LLC bought a new position in EOG Resources in the 4th quarter valued at $25,000. Decker Retirement Planning Inc. bought a new position in EOG Resources in the 4th quarter valued at $27,000. Finally, Keystone Financial Group Inc. bought a new position in EOG Resources in the 4th quarter valued at $27,000. Institutional investors own 89.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Bank of America restated a “neutral” rating and set a $144.00 target price (down previously from $151.00) on shares of EOG Resources in a research report on Monday, January 13th. Mizuho dropped their target price on EOG Resources from $156.00 to $148.00 and set an “outperform” rating for the company in a research report on Monday, December 16th. Barclays dropped their target price on EOG Resources from $146.00 to $144.00 and set an “equal weight” rating for the company in a research report on Tuesday. Wolfe Research upgraded EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 target price for the company in a research report on Friday, January 3rd. Finally, Wells Fargo & Company dropped their target price on EOG Resources from $150.00 to $146.00 and set an “overweight” rating for the company in a research report on Thursday, March 13th. Twelve equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $145.33.

Insider Activity

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the business’s stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $120.89, for a total value of $483,560.00. Following the sale, the chief operating officer now directly owns 42,703 shares in the company, valued at $5,162,365.67. The trade was a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.30% of the company’s stock.

EOG Resources Stock Down 0.5 %

NYSE:EOG opened at $124.32 on Friday. EOG Resources, Inc. has a 1 year low of $115.78 and a 1 year high of $139.67. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. The stock has a market cap of $68.86 billion, a price-to-earnings ratio of 10.01, a PEG ratio of 3.58 and a beta of 1.25. The stock has a 50-day moving average price of $129.24 and a two-hundred day moving average price of $127.47.

EOG Resources (NYSE:EOG) last posted its earnings results on Friday, February 28th. The energy exploration company reported $2.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%. As a group, equities analysts expect that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be issued a $0.975 dividend. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.14%. EOG Resources’s dividend payout ratio (DPR) is 34.73%.

EOG Resources 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.