Fiduciary Trust Co. cut its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 6.6% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 51,701 shares of the energy exploration company’s stock after selling 3,631 shares during the period. Fiduciary Trust Co.’s holdings in EOG Resources were worth $5,043,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of EOG. Argent Trust Co boosted its position in EOG Resources by 0.3% in the first quarter. Argent Trust Co now owns 5,340 shares of the energy exploration company’s stock worth $521,000 after buying an additional 15 shares in the last quarter. Guardian Life Insurance Co. of America boosted its position in EOG Resources by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 2,223 shares of the energy exploration company’s stock worth $217,000 after buying an additional 15 shares in the last quarter. Capital Advisors Inc. OK boosted its position in EOG Resources by 0.3% in the first quarter. Capital Advisors Inc. OK now owns 5,943 shares of the energy exploration company’s stock worth $580,000 after buying an additional 16 shares in the last quarter. Trust Co boosted its position in EOG Resources by 0.8% in the fourth quarter. Trust Co now owns 3,403 shares of the energy exploration company’s stock worth $344,000 after buying an additional 26 shares in the last quarter. Finally, Dubuque Bank & Trust Co. boosted its position in EOG Resources by 2.2% in the first quarter. Dubuque Bank & Trust Co. now owns 1,278 shares of the energy exploration company’s stock worth $125,000 after buying an additional 27 shares in the last quarter. Hedge funds and other institutional investors own 84.91% of the company’s stock.

EOG Resources, Inc. (EOG) opened at 93.31 on Tuesday. The firm has a 50-day moving average of $89.91 and a 200-day moving average of $95.22. The firm’s market cap is $53.86 billion. EOG Resources, Inc. has a 52-week low of $78.04 and a 52-week high of $109.37.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Monday, May 8th. The energy exploration company reported $0.15 EPS for the quarter, meeting the consensus estimate of $0.15. The company had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.19 billion. EOG Resources had a negative return on equity of 2.69% and a negative net margin of 6.70%. The firm’s revenue was up 92.8% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.83) EPS. Equities analysts anticipate that EOG Resources, Inc. will post $0.74 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Monday, July 17th will be issued a dividend of $0.1675 per share. This represents a $0.67 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date of this dividend is Thursday, July 13th. EOG Resources’s payout ratio is currently -62.04%.

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A number of equities analysts have weighed in on EOG shares. Raymond James Financial, Inc. upgraded shares of EOG Resources from a “market perform” rating to an “outperform” rating and set a $110.00 price objective for the company in a research report on Wednesday, May 10th. Wells Fargo & Company upgraded shares of EOG Resources from a “market perform” rating to an “outperform” rating and set a $110.00 price objective for the company in a research report on Wednesday, May 10th. Barclays PLC upped their price objective on shares of EOG Resources from $111.00 to $113.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 10th. William Blair restated an “outperform” rating and set a $115.00 price objective (down from $125.00) on shares of EOG Resources in a research report on Thursday, May 11th. Finally, Stifel Nicolaus restated a “buy” rating and set a $111.00 price objective on shares of EOG Resources in a research report on Friday, May 26th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-three have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $108.59.

EOG Resources Company Profile

EOG Resources, Inc explores for, develops, produces and markets crude oil and natural gas in major producing basins in the United States, The Republic of Trinidad and Tobago, the United Kingdom, The People’s Republic of China, Canada and, from time to time, select other international areas. Its operations are all crude oil and natural gas exploration and production related.

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Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)

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