EOG Resources Inc (EOG) Position Trimmed by First Mercantile Trust Co.

First Mercantile Trust Co. decreased its position in shares of EOG Resources Inc (NYSE:EOG) by 12.7% during the 4th quarter, Holdings Channel reports. The fund owned 30,940 shares of the energy exploration company’s stock after selling 4,520 shares during the quarter. EOG Resources accounts for about 0.7% of First Mercantile Trust Co.’s investment portfolio, making the stock its 25th biggest holding. First Mercantile Trust Co.’s holdings in EOG Resources were worth $3,339,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Amundi Pioneer Asset Management Inc. raised its holdings in EOG Resources by 43.1% during the 3rd quarter. Amundi Pioneer Asset Management Inc. now owns 4,006,886 shares of the energy exploration company’s stock worth $387,626,000 after buying an additional 1,206,576 shares during the period. Ameriprise Financial Inc. raised its holdings in EOG Resources by 21.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 6,412,802 shares of the energy exploration company’s stock worth $620,361,000 after buying an additional 1,118,898 shares during the period. Janus Henderson Group PLC raised its holdings in EOG Resources by 379.5% during the 2nd quarter. Janus Henderson Group PLC now owns 968,855 shares of the energy exploration company’s stock worth $87,702,000 after buying an additional 766,788 shares during the period. Northside Capital Management LLC acquired a new stake in EOG Resources during the 4th quarter worth approximately $82,404,000. Finally, Westfield Capital Management Co. LP acquired a new stake in EOG Resources during the 3rd quarter worth approximately $64,975,000. 85.59% of the stock is currently owned by institutional investors and hedge funds.

EOG has been the topic of several research analyst reports. Barclays raised their target price on shares of EOG Resources from $101.00 to $117.00 and gave the stock an “overweight” rating in a report on Wednesday, October 11th. JPMorgan Chase & Co. raised their target price on shares of EOG Resources from $90.00 to $96.00 and gave the stock a “neutral” rating in a report on Thursday, October 12th. Robert W. Baird set a $114.00 target price on shares of EOG Resources and gave the stock a “buy” rating in a report on Thursday, October 12th. Morgan Stanley set a $116.00 target price on shares of EOG Resources and gave the stock a “buy” rating in a report on Wednesday, October 18th. Finally, Zacks Investment Research downgraded shares of EOG Resources from a “buy” rating to a “hold” rating in a report on Friday, October 20th. One analyst has rated the stock with a sell rating, eight have given a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $116.72.

In related news, President Gary L. Thomas sold 2,000 shares of the business’s stock in a transaction on Saturday, December 29th. The shares were sold at an average price of $107.95, for a total transaction of $215,900.00. Following the transaction, the president now directly owns 1,046,430 shares in the company, valued at $112,962,118.50. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Timothy K. Driggers sold 8,871 shares of the business’s stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $105.45, for a total transaction of $935,446.95. Following the transaction, the chief financial officer now owns 185,157 shares in the company, valued at $19,524,805.65. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 69,934 shares of company stock worth $7,820,085. 0.53% of the stock is owned by corporate insiders.

Shares of EOG Resources Inc (NYSE:EOG) opened at $105.78 on Thursday. The company has a quick ratio of 1.11, a current ratio of 1.27 and a debt-to-equity ratio of 0.46. EOG Resources Inc has a fifty-two week low of $81.99 and a fifty-two week high of $119.00. The stock has a market cap of $62,603.79, a P/E ratio of 10,578.00, a PEG ratio of 3.51 and a beta of 1.01.

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Wednesday, January 17th were issued a dividend of $0.1675 per share. The ex-dividend date of this dividend was Tuesday, January 16th. This represents a $0.67 dividend on an annualized basis and a yield of 0.63%. EOG Resources’s payout ratio is 6,700.00%.

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EOG Resources Company Profile

EOG Resources, Inc explores for, develops, produces and markets crude oil and natural gas in major producing basins in the United States, The Republic of Trinidad and Tobago, the United Kingdom, The People’s Republic of China, Canada and, from time to time, select other international areas. Its operations are all crude oil and natural gas exploration and production related.

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

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