Whittier Trust Co. of Nevada Inc. Has $12.32 Million Stock Position in EOG Resources, Inc. (NYSE:EOG)

Whittier Trust Co. of Nevada Inc. increased its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 0.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 100,256 shares of the energy exploration company’s stock after acquiring an additional 825 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in EOG Resources were worth $12,324,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of EOG. Vanguard Group Inc. raised its position in shares of EOG Resources by 0.3% in the first quarter. Vanguard Group Inc. now owns 54,275,932 shares of the energy exploration company’s stock valued at $6,938,635,000 after buying an additional 146,674 shares in the last quarter. Capital Research Global Investors raised its holdings in EOG Resources by 1.3% in the 1st quarter. Capital Research Global Investors now owns 28,889,715 shares of the energy exploration company’s stock valued at $3,693,261,000 after acquiring an additional 373,365 shares in the last quarter. Capital World Investors lifted its position in shares of EOG Resources by 5.4% during the 1st quarter. Capital World Investors now owns 26,782,454 shares of the energy exploration company’s stock valued at $3,423,869,000 after acquiring an additional 1,361,538 shares during the period. Ameriprise Financial Inc. grew its holdings in shares of EOG Resources by 2.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 12,311,541 shares of the energy exploration company’s stock worth $1,549,098,000 after purchasing an additional 260,727 shares in the last quarter. Finally, Capital International Investors increased its position in shares of EOG Resources by 7.1% in the first quarter. Capital International Investors now owns 11,564,463 shares of the energy exploration company’s stock worth $1,478,401,000 after purchasing an additional 766,056 shares during the period. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Stock Down 0.5 %

EOG traded down $0.58 during midday trading on Monday, hitting $126.04. The company had a trading volume of 1,552,225 shares, compared to its average volume of 3,172,431. The company has a market capitalization of $72.44 billion, a price-to-earnings ratio of 10.00, a PEG ratio of 3.38 and a beta of 1.28. The stock’s 50 day moving average price is $126.24 and its 200 day moving average price is $127.06. 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 52 week low of $108.94 and a 52 week high of $139.67.

EOG Resources (NYSE:EOG) last issued its earnings results on Thursday, August 1st. The energy exploration company reported $3.16 EPS for the quarter, beating analysts’ consensus estimates of $2.98 by $0.18. The business had revenue of $6.03 billion during the quarter, compared to analyst estimates of $6.07 billion. EOG Resources had a return on equity of 25.42% and a net margin of 30.33%. The firm’s revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the company posted $2.49 EPS. On average, research analysts anticipate that EOG Resources, Inc. will post 11.83 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 paid a dividend of $0.91 per share. The ex-dividend date is Thursday, October 17th. This represents a $3.64 dividend on an annualized basis and a yield of 2.89%. EOG Resources’s dividend payout ratio (DPR) is presently 28.75%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on EOG. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $145.00 price objective on shares of EOG Resources in a research report on Monday, October 14th. Wolfe Research initiated coverage on shares of EOG Resources in a research report on Thursday, July 18th. They set a “peer perform” rating on the stock. Susquehanna lowered their price objective on shares of EOG Resources from $159.00 to $158.00 and set a “positive” rating for the company in a research report on Wednesday, September 4th. UBS Group reduced their target price on EOG Resources from $167.00 to $154.00 and set a “buy” rating on the stock in a report on Wednesday, September 18th. Finally, Wells Fargo & Company reduced their price objective on EOG Resources from $140.00 to $135.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 1st. Fourteen research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $141.20.

Insiders Place Their Bets

In other news, EVP Michael P. Donaldson sold 11,037 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $129.50, for a total value of $1,429,291.50. Following the transaction, the executive vice president now owns 74,250 shares in the company, valued at $9,615,375. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the company’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $126.48, for a total value of $505,920.00. Following the completion of the sale, the chief operating officer now owns 35,058 shares in the company, valued at $4,434,135.84. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Michael P. Donaldson sold 11,037 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 74,250 shares in the company, valued at $9,615,375. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,537 shares of company stock worth $2,751,612. Insiders own 0.30% of the company’s stock.

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.