Glenview Trust Co Makes New Investment in EOG Resources, Inc. $EOG

Glenview Trust Co purchased a new position in EOG Resources, Inc. (NYSE:EOG) during the 2nd quarter, HoldingsChannel reports. The fund purchased 36,994 shares of the energy exploration company’s stock, valued at approximately $4,799,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Acumen Wealth Advisors LLC acquired a new stake in EOG Resources in the 4th quarter valued at about $25,000. SJS Investment Consulting Inc. boosted its holdings in shares of EOG Resources by 225.5% during the 1st quarter. SJS Investment Consulting Inc. now owns 179 shares of the energy exploration company’s stock worth $26,000 after purchasing an additional 124 shares during the last quarter. Prosperity Bancshares Inc acquired a new position in shares of EOG Resources during the 4th quarter worth approximately $26,000. Nemes Rush Group LLC purchased a new stake in shares of EOG Resources in the fourth quarter valued at approximately $30,000. Finally, Financial Life Planners acquired a new position in EOG Resources during the first quarter worth $30,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

EOG Resources Price Performance

EOG opened at $144.51 on Friday. The stock’s 50-day moving average price is $139.93 and its 200 day moving average price is $136.14. EOG Resources, Inc. has a 12-month low of $101.59 and a 12-month high of $153.67. The company has a current ratio of 1.85, a quick ratio of 1.68 and a debt-to-equity ratio of 0.25. The firm has a market cap of $75.80 billion, a price-to-earnings ratio of 11.25, a PEG ratio of 0.54 and a beta of 0.25.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share for the quarter, beating analysts’ consensus estimates of $4.97 by $0.10. EOG Resources had a net margin of 25.44% and a return on equity of 23.44%. The firm had revenue of $8.62 billion during the quarter, compared to analysts’ expectations of $8.04 billion. During the same quarter in the previous year, the business posted $2.32 earnings per share. The business’s quarterly revenue was up 57.4% compared to the same quarter last year. As a group, sell-side analysts expect that EOG Resources, Inc. will post 16.87 earnings per share for the current year.

EOG Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Friday, October 16th will be issued a $1.02 dividend. The ex-dividend date is Friday, October 16th. This represents a $4.08 dividend on an annualized basis and a yield of 2.8%. EOG Resources’s dividend payout ratio (DPR) is 31.75%.

Insider Buying and Selling

In other news, CEO Ezra Y. Yacob sold 35,942 shares of EOG Resources stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $152.10, for a total value of $5,466,778.20. Following the completion of the transaction, the chief executive officer owned 242,451 shares in the company, valued at approximately $36,876,797.10. This trade represents a 12.91% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.14% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on EOG. Weiss Ratings reiterated a “buy (b-)” rating on shares of EOG Resources in a report on Friday, August 7th. Sanford C. Bernstein dropped their price objective on shares of EOG Resources from $167.00 to $155.00 and set a “market perform” rating for the company in a report on Wednesday, May 20th. The Goldman Sachs Group restated a “neutral” rating and set a $151.00 price objective (up from $127.00) on shares of EOG Resources in a research report on Monday. Barclays set a $147.00 target price on shares of EOG Resources and gave the stock an “equal weight” rating in a research note on Monday, August 17th. Finally, UBS Group decreased their target price on shares of EOG Resources from $168.00 to $158.00 and set a “buy” rating on the stock in a report on Thursday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and seventeen have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $156.33.

EOG Resources Company Profile

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.