Argent Trust Co Boosts Position in EOG Resources Inc (EOG)

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Argent Trust Co increased its holdings in shares of EOG Resources Inc (NYSE:EOG) by 65.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,965 shares of the energy exploration company’s stock after acquiring an additional 6,328 shares during the period. Argent Trust Co’s holdings in EOG Resources were worth $1,392,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of EOG. Legacy Financial Advisors Inc. lifted its position in EOG Resources by 108.3% during the fourth quarter. Legacy Financial Advisors Inc. now owns 552 shares of the energy exploration company’s stock valued at $48,000 after purchasing an additional 287 shares during the period. Cornerstone Advisors Inc. lifted its position in EOG Resources by 41.2% during the third quarter. Cornerstone Advisors Inc. now owns 490 shares of the energy exploration company’s stock valued at $63,000 after purchasing an additional 143 shares during the period. Oregon Public Employees Retirement Fund lifted its position in EOG Resources by 8,562.9% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 5,498,242 shares of the energy exploration company’s stock valued at $63,000 after purchasing an additional 5,434,773 shares during the period. Intercontinental Wealth Advisors LLC bought a new position in EOG Resources during the fourth quarter valued at approximately $66,000. Finally, Focused Wealth Management Inc bought a new position in EOG Resources during the fourth quarter valued at approximately $70,000. 86.41% of the stock is currently owned by institutional investors and hedge funds.

Shares of EOG stock opened at $96.75 on Thursday. EOG Resources Inc has a 12 month low of $82.04 and a 12 month high of $133.53. The company has a market cap of $54.63 billion, a price-to-earnings ratio of 86.38, a price-to-earnings-growth ratio of 1.49 and a beta of 1.34. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.09 and a quick ratio of 0.92.

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 31st. Shareholders of record on Thursday, January 17th were issued a dividend of $0.22 per share. The ex-dividend date was Wednesday, January 16th. This represents a $0.88 dividend on an annualized basis and a yield of 0.91%. EOG Resources’s dividend payout ratio is currently 78.57%.

A number of brokerages recently weighed in on EOG. Zacks Investment Research upgraded shares of EOG Resources from a “hold” rating to a “buy” rating and set a $130.00 price objective on the stock in a research report on Tuesday, October 23rd. ValuEngine upgraded shares of EOG Resources from a “sell” rating to a “hold” rating in a research report on Thursday, January 10th. Robert W. Baird restated a “buy” rating and set a $133.00 price objective on shares of EOG Resources in a research report on Monday, December 3rd. JPMorgan Chase & Co. upgraded shares of EOG Resources from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $117.00 to $118.00 in a research report on Friday, December 7th. Finally, Bank of America downgraded shares of EOG Resources from a “buy” rating to a “neutral” rating and set a $115.00 price objective on the stock. in a research report on Friday, January 4th. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $131.04.

In other news, EVP Ezra Y. Yacob sold 2,388 shares of the stock in a transaction on Wednesday, January 9th. The shares were sold at an average price of $98.77, for a total value of $235,862.76. Following the completion of the sale, the executive vice president now directly owns 45,424 shares of the company’s stock, valued at $4,486,528.48. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Frank G. Wisner sold 3,150 shares of the stock in a transaction on Thursday, December 20th. The stock was sold at an average price of $92.60, for a total transaction of $291,690.00. Following the completion of the sale, the director now directly owns 116,586 shares of the company’s stock, valued at $10,795,863.60. The disclosure for this sale can be found here. 0.51% of the stock is currently owned by corporate insiders.

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EOG Resources Company Profile

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil and natural gas. The company's principal producing areas are located in New Mexico, North Dakota, Texas, Utah, and Wyoming in the United States; and the Republic of Trinidad and Tobago, the United Kingdom, the People's Republic of China, and Canada.

Further Reading: What is a Reverse Stock Split?

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

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