Argent Trust Co Has $921,000 Stock Position in EOG Resources, Inc. (NYSE:EOG)

Argent Trust Co cut its stake in EOG Resources, Inc. (NYSE:EOG) by 4.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,316 shares of the energy exploration company’s stock after selling 363 shares during the period. Argent Trust Co’s holdings in EOG Resources were worth $921,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Meiji Yasuda Life Insurance Co increased its position in shares of EOG Resources by 12.8% during the 2nd quarter. Meiji Yasuda Life Insurance Co now owns 25,828 shares of the energy exploration company’s stock worth $3,251,000 after purchasing an additional 2,927 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its stake in EOG Resources by 0.4% during the second quarter. Mercer Global Advisors Inc. ADV now owns 1,088,336 shares of the energy exploration company’s stock worth $136,977,000 after buying an additional 4,382 shares during the last quarter. Mutual of America Capital Management LLC increased its holdings in shares of EOG Resources by 6.9% during the second quarter. Mutual of America Capital Management LLC now owns 81,759 shares of the energy exploration company’s stock worth $10,291,000 after buying an additional 5,303 shares in the last quarter. Axxcess Wealth Management LLC increased its holdings in shares of EOG Resources by 0.6% during the second quarter. Axxcess Wealth Management LLC now owns 18,237 shares of the energy exploration company’s stock worth $2,295,000 after buying an additional 105 shares in the last quarter. Finally, Citizens Financial Group Inc. RI raised its stake in shares of EOG Resources by 9.5% in the second quarter. Citizens Financial Group Inc. RI now owns 3,204 shares of the energy exploration company’s stock valued at $403,000 after acquiring an additional 278 shares during the last quarter. Institutional investors own 89.91% of the company’s stock.

Insiders Place Their Bets

In other EOG Resources news, EVP Michael P. Donaldson sold 11,037 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $129.50, for a total transaction of $1,429,291.50. Following the completion of the sale, the executive vice president now directly owns 74,250 shares in the company, valued at $9,615,375. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $126.48, for a total transaction of $505,920.00. Following the transaction, the chief operating officer now owns 35,058 shares in the company, valued at approximately $4,434,135.84. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Michael P. Donaldson sold 11,037 shares of EOG Resources stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $129.50, for a total transaction of $1,429,291.50. Following the completion of the sale, the executive vice president now owns 74,250 shares of the company’s stock, valued at $9,615,375. The disclosure for this sale can be found here. Insiders sold a total of 21,537 shares of company stock valued at $2,751,612 over the last ninety days. 0.30% of the stock is currently owned by company insiders.

EOG Resources Trading Up 0.7 %

Shares of EOG Resources stock opened at $125.20 on Friday. The stock has a market cap of $71.95 billion, a P/E ratio of 9.89, a P/E/G ratio of 2.95 and a beta of 1.28. The company has a quick ratio of 1.89, a current ratio of 2.12 and a debt-to-equity ratio of 0.11. EOG Resources, Inc. has a 12-month low of $108.94 and a 12-month high of $139.67. The business’s 50 day moving average is $125.70 and its 200-day moving average is $126.42.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share for the quarter, topping the consensus estimate of $2.98 by $0.18. The company had revenue of $6.03 billion for the quarter, compared to analyst estimates of $6.07 billion. EOG Resources had a net margin of 30.33% and a return on equity of 25.42%. EOG Resources’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period in the previous year, the business earned $2.49 EPS. Equities research analysts predict that EOG Resources, Inc. will post 12.2 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 17th will be issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 2.91%. The ex-dividend date is Thursday, October 17th. EOG Resources’s dividend payout ratio is 28.75%.

Wall Street Analysts Forecast Growth

EOG has been the topic of several research analyst reports. Scotiabank decreased their target price on EOG Resources from $155.00 to $150.00 and set a “sector perform” rating on the stock in a report on Friday, July 12th. Bank of America restated a “buy” rating and issued a $151.00 price objective on shares of EOG Resources in a research report on Friday, June 14th. Citigroup boosted their target price on shares of EOG Resources from $124.00 to $130.00 and gave the stock a “neutral” rating in a research note on Friday, May 24th. Royal Bank of Canada reissued a “sector perform” rating and set a $147.00 price target on shares of EOG Resources in a research note on Wednesday, July 10th. Finally, StockNews.com cut shares of EOG Resources from a “buy” rating to a “hold” rating in a research report on Monday. Fourteen investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, EOG Resources currently has an average rating of “Hold” and a consensus target price of $142.89.

About EOG Resources

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.