American Trust Has $4.34 Million Stake in EOG Resources, Inc. (NYSE:EOG)

American Trust cut its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 5.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 34,497 shares of the energy exploration company’s stock after selling 2,046 shares during the quarter. American Trust’s holdings in EOG Resources were worth $4,342,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Riverview Trust Co bought a new stake in EOG Resources in the second quarter valued at approximately $27,000. MFA Wealth Advisors LLC bought a new stake in shares of EOG Resources in the 2nd quarter valued at $28,000. Gladius Capital Management LP bought a new stake in shares of EOG Resources in the 2nd quarter valued at $30,000. Triad Wealth Partners LLC acquired a new stake in shares of EOG Resources during the second quarter worth $35,000. Finally, Norwood Financial Corp bought a new position in EOG Resources during the first quarter worth $37,000. Institutional investors own 89.91% of the company’s stock.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

A number of analysts have commented on EOG shares. Piper Sandler cut their price target on shares of EOG Resources from $154.00 to $147.00 and set an “overweight” rating on the stock in a research report on Thursday, August 15th. Susquehanna decreased their target price on EOG Resources from $159.00 to $158.00 and set a “positive” rating for the company in a research note on Wednesday, September 4th. Evercore ISI lowered their target price on EOG Resources from $150.00 to $145.00 and set an “outperform” rating for the company in a report on Monday. Sanford C. Bernstein cut their price target on EOG Resources from $139.00 to $125.00 and set a “market perform” rating on the stock in a report on Wednesday, July 17th. Finally, Wells Fargo & Company lowered their price objective on shares of EOG Resources from $140.00 to $135.00 and set an “equal weight” rating for the company in a research note on Tuesday. Fourteen analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, EOG Resources currently has an average rating of “Hold” and an average target price of $142.50.

EOG Resources Stock Performance

NYSE EOG opened at $126.93 on Wednesday. The company has a fifty day moving average price of $124.91 and a 200-day moving average price of $126.81. The firm has a market cap of $72.95 billion, a price-to-earnings ratio of 10.03, a PEG ratio of 3.27 and a beta of 1.28. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.12 and a quick ratio of 1.89. EOG Resources, Inc. has a 1 year low of $108.94 and a 1 year high of $139.67.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Thursday, August 1st. The energy exploration company reported $3.16 EPS for the quarter, beating the consensus estimate of $2.98 by $0.18. EOG Resources had a net margin of 30.33% and a return on equity of 25.42%. The firm had revenue of $6.03 billion during the quarter, compared to analyst estimates of $6.07 billion. During the same quarter last year, the business posted $2.49 EPS. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. As a group, equities research analysts predict that EOG Resources, Inc. will post 11.91 EPS for the current fiscal year.

EOG Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 17th will be issued a dividend of $0.91 per share. The ex-dividend date of this dividend is Thursday, October 17th. This represents a $3.64 dividend on an annualized basis and a yield of 2.87%. EOG Resources’s dividend payout ratio (DPR) is currently 28.75%.

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.