Ledyard National Bank Raises Position in EOG Resources, Inc. (NYSE:EOG)

Ledyard National Bank raised its position in shares of EOG Resources, Inc. (NYSE:EOG) by 31.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,325 shares of the energy exploration company’s stock after acquiring an additional 3,388 shares during the quarter. Ledyard National Bank’s holdings in EOG Resources were worth $1,761,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. UniSuper Management Pty Ltd raised its holdings in EOG Resources by 228.4% in the 1st quarter. UniSuper Management Pty Ltd now owns 15,626 shares of the energy exploration company’s stock valued at $1,998,000 after acquiring an additional 10,868 shares during the last quarter. Bryn Mawr Capital Management LLC purchased a new position in EOG Resources during the first quarter worth approximately $1,217,000. Romano Brothers AND Company acquired a new position in EOG Resources during the first quarter worth $1,349,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in EOG Resources by 57.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 380,287 shares of the energy exploration company’s stock valued at $46,192,000 after buying an additional 138,869 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of EOG Resources by 0.7% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,491,898 shares of the energy exploration company’s stock worth $190,724,000 after acquiring an additional 9,894 shares during the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Insider Activity at EOG Resources

In other EOG Resources news, Director Charles R. Crisp sold 6,500 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $125.60, for a total transaction of $816,400.00. Following the transaction, the director now owns 60,892 shares of the company’s stock, valued at approximately $7,648,035.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, EVP Michael P. Donaldson sold 11,037 shares of EOG Resources stock in a transaction on Monday, August 26th. The shares were 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 directly owns 74,250 shares of the company’s stock, valued at $9,615,375. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Charles R. Crisp sold 6,500 shares of the stock in a transaction on Wednesday, August 21st. The stock was 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. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,537 shares of company stock valued at $2,751,612 over the last ninety days. Insiders own 0.30% of the company’s stock.

Wall Street Analyst Weigh In

EOG has been the subject of several recent analyst reports. StockNews.com cut shares of EOG Resources from a “buy” rating to a “hold” rating in a research report on Monday, September 16th. Wells Fargo & Company reduced their price target on shares of EOG Resources from $140.00 to $135.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 1st. Morgan Stanley lowered their price objective on EOG Resources from $134.00 to $132.00 and set an “equal weight” rating for the company in a research report on Monday, September 16th. Barclays lowered their target price on shares of EOG Resources from $144.00 to $137.00 and set an “equal weight” rating for the company in a research note on Thursday, October 3rd. Finally, Wolfe Research initiated coverage on shares of EOG Resources in a research note on Thursday, July 18th. They issued a “peer perform” rating on the stock. Fourteen investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, EOG Resources currently has an average rating of “Hold” and a consensus price target of $141.20.

EOG Resources Stock Down 0.7 %

EOG Resources stock opened at $125.71 on Tuesday. The stock’s fifty day moving average is $126.18 and its two-hundred day moving average is $127.01. The stock has a market cap of $72.25 billion, a PE ratio of 9.93, a P/E/G ratio of 3.38 and a beta of 1.28. EOG Resources, Inc. has a 1-year low of $108.94 and a 1-year high of $139.67. 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 (NYSE:EOG) last announced its quarterly earnings results on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.98 by $0.18. EOG Resources had a return on equity of 25.42% and a net margin of 30.33%. The firm had revenue of $6.03 billion during the quarter, compared to the consensus estimate of $6.07 billion. During the same period in the prior year, the company posted $2.49 earnings per share. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. On average, sell-side analysts expect that EOG Resources, Inc. will post 11.83 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors 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 annualized dividend and a yield of 2.90%. EOG Resources’s dividend payout ratio is currently 28.75%.

About EOG Resources

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.