Suntrust Banks Inc. reduced its position in shares of EOG Resources Inc (NYSE:EOG) by 9.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 204,924 shares of the energy exploration company’s stock after selling 22,424 shares during the quarter. Suntrust Banks Inc.’s holdings in EOG Resources were worth $22,112,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Chicago Partners Investment Group LLC grew its stake in shares of EOG Resources by 178.0% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 1,112 shares of the energy exploration company’s stock valued at $108,000 after purchasing an additional 712 shares during the period. SeaCrest Wealth Management LLC bought a new position in shares of EOG Resources during the 4th quarter valued at approximately $123,000. Cerebellum GP LLC bought a new position in shares of EOG Resources during the 4th quarter valued at approximately $125,000. Fis Group Inc. bought a new position in shares of EOG Resources during the 3rd quarter valued at approximately $130,000. Finally, Quantbot Technologies LP bought a new position in shares of EOG Resources during the 3rd quarter valued at approximately $153,000. Institutional investors and hedge funds own 84.55% of the company’s stock.
A number of brokerages recently issued reports on EOG. Zacks Investment Research downgraded EOG Resources from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. Stifel Nicolaus set a $134.00 price objective on EOG Resources and gave the company a “buy” rating in a research note on Sunday, February 11th. BMO Capital Markets reiterated a “buy” rating and set a $120.00 price objective on shares of EOG Resources in a research note on Thursday, January 11th. Bank of America downgraded EOG Resources from a “buy” rating to a “neutral” rating and set a $125.00 price objective for the company. in a research note on Thursday, January 4th. They noted that the move was a valuation call. Finally, Jefferies Group set a $101.00 price objective on EOG Resources and gave the company a “hold” rating in a research note on Wednesday, December 20th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. EOG Resources presently has an average rating of “Buy” and a consensus target price of $116.64.
In other news, EVP Michael P. Donaldson sold 1,741 shares of the company’s stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $106.00, for a total transaction of $184,546.00. Following the sale, the executive vice president now directly owns 75,118 shares of the company’s stock, valued at approximately $7,962,508. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Gary L. Thomas sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, December 29th. The stock was sold at an average price of $107.95, for a total value of $215,900.00. Following the sale, the president now directly owns 1,046,430 shares in the company, valued at $112,962,118.50. The disclosure for this sale can be found here. Insiders have sold a total of 69,934 shares of company stock worth $7,820,085 over the last ninety days. Insiders own 0.53% of the company’s stock.
Shares of EOG Resources Inc (NYSE:EOG) opened at $107.69 on Wednesday. The stock has a market capitalization of $62,239.51, a P/E ratio of 10,796.00, a PEG ratio of 3.32 and a beta of 1.01. EOG Resources Inc has a twelve month low of $81.99 and a twelve month high of $119.00. The company has a current ratio of 1.27, a quick ratio of 1.11 and a debt-to-equity ratio of 0.46.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 17th were issued a dividend of $0.1675 per share. The ex-dividend date was Tuesday, January 16th. This represents a $0.67 annualized dividend and a dividend yield of 0.62%. EOG Resources’s dividend payout ratio (DPR) is 6,700.00%.
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About EOG Resources
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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