Riverview Trust Co Purchases 200 Shares of EOG Resources, Inc. (NYSE:EOG)

Riverview Trust Co raised its position in shares of EOG Resources, Inc. (NYSE:EOG) by 92.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 416 shares of the energy exploration company’s stock after purchasing an additional 200 shares during the period. Riverview Trust Co’s holdings in EOG Resources were worth $51,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Los Angeles Capital Management LLC increased its position in EOG Resources by 79.3% during the 1st quarter. Los Angeles Capital Management LLC now owns 5,436 shares of the energy exploration company’s stock valued at $695,000 after purchasing an additional 2,405 shares during the period. Fulton Bank N.A. raised its stake in EOG Resources by 27.4% in the first quarter. Fulton Bank N.A. now owns 3,401 shares of the energy exploration company’s stock worth $435,000 after buying an additional 731 shares in the last quarter. Park Avenue Securities LLC lifted its holdings in EOG Resources by 3.8% during the first quarter. Park Avenue Securities LLC now owns 32,515 shares of the energy exploration company’s stock worth $4,157,000 after buying an additional 1,182 shares during the period. RFG Advisory LLC boosted its position in EOG Resources by 35.6% during the 1st quarter. RFG Advisory LLC now owns 11,024 shares of the energy exploration company’s stock valued at $1,409,000 after acquiring an additional 2,892 shares in the last quarter. Finally, Gulf International Bank UK Ltd increased its holdings in shares of EOG Resources by 0.5% in the 1st quarter. Gulf International Bank UK Ltd now owns 50,241 shares of the energy exploration company’s stock valued at $6,422,000 after acquiring an additional 231 shares during the period. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

EOG Resources Price Performance

EOG Resources stock opened at $126.62 on Friday. The company has a current ratio of 2.12, a quick ratio of 1.89 and a debt-to-equity ratio of 0.11. The stock has a market cap of $72.77 billion, a P/E ratio of 10.00, a PEG ratio of 3.38 and a beta of 1.28. The company has a 50-day moving average price of $126.24 and a 200 day moving average price of $127.15. EOG Resources, Inc. has a 12-month low of $108.94 and a 12-month high of $139.67.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.98 by $0.18. The firm had revenue of $6.03 billion during the quarter, compared to the consensus estimate of $6.07 billion. EOG Resources had a return on equity of 25.42% and a net margin of 30.33%. The company’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period last year, the company earned $2.49 EPS. Sell-side analysts anticipate that EOG Resources, Inc. will post 11.83 earnings per share for the current year.

EOG Resources Dividend Announcement

The business also recently announced 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 of this dividend is Thursday, October 17th. This represents a $3.64 annualized dividend and a yield of 2.87%. EOG Resources’s payout ratio is 28.75%.

Insider Buying and Selling at EOG Resources

In related news, EVP Michael P. Donaldson sold 11,037 shares of the company’s stock in a transaction that occurred on 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 sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Michael P. Donaldson sold 11,037 shares of the business’s stock in a transaction on 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 completion of the transaction, the executive vice president now owns 74,250 shares in the company, valued at approximately $9,615,375. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 value of $816,400.00. Following the sale, the director now directly owns 60,892 shares in the company, valued at $7,648,035.20. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,537 shares of company stock valued at $2,751,612 in the last quarter. Corporate insiders own 0.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on EOG. StockNews.com cut EOG Resources from a “buy” rating to a “hold” rating in a research note on Monday, September 16th. Wells Fargo & Company lowered 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 report on Tuesday, October 1st. JPMorgan Chase & Co. reduced their price objective on shares of EOG Resources from $143.00 to $135.00 and set a “neutral” rating for the company in a research note on Thursday, September 12th. Royal Bank of Canada restated a “sector perform” rating and issued a $145.00 target price on shares of EOG Resources in a research note on Monday, October 14th. Finally, Morgan Stanley decreased their price objective 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. Fourteen research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, EOG Resources presently has a consensus rating of “Hold” and an average target price of $141.20.

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.