EOG Resources, Inc. (NYSE:EOG) Shares Sold by First United Bank & Trust

First United Bank & Trust decreased its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 9.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,965 shares of the energy exploration company’s stock after selling 535 shares during the quarter. First United Bank & Trust’s holdings in EOG Resources were worth $610,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Riverview Trust Co acquired a new stake in shares of EOG Resources in the second quarter valued at $27,000. MFA Wealth Advisors LLC acquired a new stake in shares of EOG Resources in the second quarter valued at $28,000. Gladius Capital Management LP acquired a new stake in shares of EOG Resources in the second quarter valued at $30,000. Triad Wealth Partners LLC acquired a new stake in shares of EOG Resources in the second quarter valued at $35,000. Finally, Norwood Financial Corp acquired a new stake in shares of EOG Resources in the first quarter valued at $37,000. 89.91% of the stock is owned by institutional investors and hedge funds.

EOG Resources Stock Performance

Shares of EOG stock opened at $127.28 on Wednesday. The stock has a market capitalization of $73.15 billion, a PE ratio of 10.05, a price-to-earnings-growth ratio of 3.38 and a beta of 1.28. EOG Resources, Inc. has a 52-week low of $108.94 and a 52-week high of $139.67. The stock’s 50-day moving average price is $126.15 and its 200 day moving average price is $127.17. 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 (NYSE:EOG) last issued its quarterly earnings results on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.98 by $0.18. The firm had revenue of $6.03 billion for the quarter, compared to analysts’ expectations 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 for the quarter was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.49 EPS. As a group, equities research analysts forecast that EOG Resources, Inc. will post 11.83 EPS for the current year.

EOG Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 17th will be issued a $0.91 dividend. The ex-dividend date of this dividend is Thursday, October 17th. This represents a $3.64 annualized dividend and a dividend yield of 2.86%. EOG Resources’s dividend payout ratio is currently 28.75%.

Analyst Upgrades and Downgrades

EOG has been the subject of a number of recent research reports. UBS Group decreased their target price on EOG Resources from $167.00 to $154.00 and set a “buy” rating for the company in a report on Wednesday, September 18th. Morgan Stanley decreased their target price on EOG Resources from $134.00 to $132.00 and set an “equal weight” rating for the company in a report on Monday, September 16th. Susquehanna decreased their target price on EOG Resources from $159.00 to $158.00 and set a “positive” rating for the company in a report on Wednesday, September 4th. Wolfe Research initiated coverage on EOG Resources in a report on Thursday, July 18th. They issued a “peer perform” rating for the company. Finally, JPMorgan Chase & Co. decreased their target price on EOG Resources from $143.00 to $135.00 and set a “neutral” rating for the company in a report on Thursday, September 12th. 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’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $141.55.

Insider Activity at EOG Resources

In other EOG Resources news, EVP Michael P. Donaldson sold 11,037 shares of the firm’s stock in a transaction 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 completion of the sale, the executive vice president now owns 74,250 shares of the company’s stock, valued at approximately $9,615,375. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other EOG Resources news, EVP Michael P. Donaldson sold 11,037 shares of the company’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 approximately $9,615,375. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Charles R. Crisp sold 6,500 shares of EOG Resources stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $125.60, for a total transaction of $816,400.00. Following the sale, the director now owns 60,892 shares of the company’s stock, valued at approximately $7,648,035.20. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 21,537 shares of company stock worth $2,751,612 over the last three months. 0.30% of the stock is currently owned by corporate insiders.

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.