Huntington National Bank Has $15.17 Million Stake in EOG Resources, Inc. $EOG

Huntington National Bank lowered its stake in shares of EOG Resources, Inc. (NYSE:EOGFree Report) by 65.9% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 135,297 shares of the energy exploration company’s stock after selling 261,783 shares during the period. Huntington National Bank’s holdings in EOG Resources were worth $15,170,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in EOG. Cullen Capital Management LLC lifted its holdings in shares of EOG Resources by 4.7% during the 2nd quarter. Cullen Capital Management LLC now owns 576,470 shares of the energy exploration company’s stock worth $68,952,000 after acquiring an additional 25,753 shares during the period. Rockland Trust Co. raised its position in EOG Resources by 5.1% in the third quarter. Rockland Trust Co. now owns 246,326 shares of the energy exploration company’s stock worth $27,618,000 after purchasing an additional 11,965 shares in the last quarter. AlphaQuest LLC lifted its stake in EOG Resources by 1,413.5% during the third quarter. AlphaQuest LLC now owns 25,533 shares of the energy exploration company’s stock worth $2,863,000 after purchasing an additional 23,846 shares during the period. BI Asset Management Fondsmaeglerselskab A S boosted its holdings in EOG Resources by 21.0% during the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 65,820 shares of the energy exploration company’s stock valued at $7,380,000 after purchasing an additional 11,442 shares in the last quarter. Finally, Railway Pension Investments Ltd boosted its holdings in EOG Resources by 6.9% during the second quarter. Railway Pension Investments Ltd now owns 449,100 shares of the energy exploration company’s stock valued at $53,717,000 after purchasing an additional 28,800 shares in the last quarter. Institutional investors own 89.91% of the company’s stock.

Key Headlines Impacting EOG Resources

Here are the key news stories impacting EOG Resources this week:

Wall Street Analyst Weigh In

EOG has been the subject of several analyst reports. Raymond James Financial raised their target price on EOG Resources from $153.00 to $157.00 and gave the stock a “strong-buy” rating in a research report on Friday, February 13th. Zacks Research cut EOG Resources from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 20th. Royal Bank Of Canada set a $138.00 target price on shares of EOG Resources and gave the company an “outperform” rating in a research note on Tuesday, January 13th. Stephens increased their target price on shares of EOG Resources from $138.00 to $139.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 12th. Finally, UBS Group reissued a “buy” rating and set a $141.00 price target (down from $144.00) on shares of EOG Resources in a report on Friday, December 12th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, sixteen have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, EOG Resources currently has a consensus rating of “Hold” and a consensus price target of $134.59.

Get Our Latest Stock Report on EOG

Insiders Place Their Bets

In other EOG Resources news, COO Jeffrey R. Leitzell sold 2,000 shares of the company’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $125.00, for a total transaction of $250,000.00. Following the transaction, the chief operating officer owned 61,481 shares of the company’s stock, valued at approximately $7,685,125. This represents a 3.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.13% of the stock is owned by company insiders.

EOG Resources Stock Performance

EOG Resources stock opened at $124.07 on Friday. The stock has a 50-day simple moving average of $111.21 and a 200 day simple moving average of $111.74. The company has a quick ratio of 1.43, a current ratio of 1.63 and a debt-to-equity ratio of 0.27. EOG Resources, Inc. has a 12-month low of $101.59 and a 12-month high of $130.52. The stock has a market capitalization of $66.56 billion, a price-to-earnings ratio of 13.62 and a beta of 0.49.

EOG Resources (NYSE:EOGGet Free Report) last issued its quarterly earnings data on Tuesday, February 24th. The energy exploration company reported $2.27 EPS for the quarter, topping analysts’ consensus estimates of $2.20 by $0.07. EOG Resources had a net margin of 22.00% and a return on equity of 18.67%. The firm had revenue of $5.64 billion for the quarter, compared to analyst estimates of $5.36 billion. During the same quarter in the prior year, the firm earned $2.74 EPS. The company’s revenue was up .9% on a year-over-year basis. On average, research analysts anticipate that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Thursday, April 16th will be issued a $1.02 dividend. The ex-dividend date of this dividend is Thursday, April 16th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.3%. EOG Resources’s dividend payout ratio (DPR) is currently 44.79%.

EOG Resources Company Profile

(Free Report)

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.

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

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