EOG Resources Inc (EOG) Stake Decreased by FineMark National Bank & Trust

FineMark National Bank & Trust trimmed its stake in shares of EOG Resources Inc (NYSE:EOG) by 11.2% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 13,688 shares of the energy exploration company’s stock after selling 1,733 shares during the quarter. FineMark National Bank & Trust’s holdings in EOG Resources were worth $1,746,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. Culbertson A N & Co. Inc. lifted its position in shares of EOG Resources by 1.1% during the 2nd quarter. Culbertson A N & Co. Inc. now owns 38,399 shares of the energy exploration company’s stock worth $4,778,000 after buying an additional 415 shares during the last quarter. Creative Planning lifted its position in shares of EOG Resources by 1.0% during the 2nd quarter. Creative Planning now owns 42,007 shares of the energy exploration company’s stock worth $5,227,000 after buying an additional 417 shares during the last quarter. Bainco International Investors lifted its position in shares of EOG Resources by 0.5% during the 2nd quarter. Bainco International Investors now owns 84,702 shares of the energy exploration company’s stock worth $10,539,000 after buying an additional 438 shares during the last quarter. Parkwood LLC lifted its position in shares of EOG Resources by 8.3% during the 2nd quarter. Parkwood LLC now owns 5,747 shares of the energy exploration company’s stock worth $715,000 after buying an additional 438 shares during the last quarter. Finally, Security National Trust Co. lifted its position in shares of EOG Resources by 6.3% during the 2nd quarter. Security National Trust Co. now owns 7,689 shares of the energy exploration company’s stock worth $957,000 after buying an additional 455 shares during the last quarter. Hedge funds and other institutional investors own 86.24% of the company’s stock.

In related news, EVP David W. Trice sold 2,489 shares of the firm’s stock in a transaction that occurred on Friday, September 28th. The stock was sold at an average price of $127.44, for a total transaction of $317,198.16. Following the completion of the sale, the executive vice president now owns 74,807 shares of the company’s stock, valued at $9,533,404.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Charles R. Crisp sold 1,792 shares of the firm’s stock in a transaction that occurred on Tuesday, September 11th. The stock was sold at an average price of $116.80, for a total value of $209,305.60. Following the sale, the director now directly owns 49,741 shares of the company’s stock, valued at approximately $5,809,748.80. The disclosure for this sale can be found here. In the last three months, insiders sold 61,346 shares of company stock valued at $7,508,977. Insiders own 0.51% of the company’s stock.

Several analysts recently weighed in on EOG shares. Mizuho started coverage on EOG Resources in a research report on Monday, July 23rd. They set a “buy” rating and a $173.00 price objective for the company. Royal Bank of Canada set a $142.00 price objective on EOG Resources and gave the stock a “hold” rating in a research report on Thursday, September 20th. ValuEngine downgraded EOG Resources from a “hold” rating to a “sell” rating in a research report on Friday, November 2nd. JPMorgan Chase & Co. upped their price objective on EOG Resources from $118.00 to $120.00 and gave the stock a “neutral” rating in a research report on Friday, November 2nd. Finally, TD Securities upped their price objective on EOG Resources from $155.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, August 3rd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and sixteen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $139.13.

Shares of EOG stock opened at $107.33 on Wednesday. The stock has a market capitalization of $59.35 billion, a PE ratio of 95.83, a P/E/G ratio of 1.13 and a beta of 1.16. The company has a quick ratio of 0.92, a current ratio of 1.09 and a debt-to-equity ratio of 0.28. EOG Resources Inc has a 1-year low of $96.54 and a 1-year high of $133.53.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Friday, November 2nd. The energy exploration company reported $1.75 earnings per share for the quarter, beating the consensus estimate of $1.56 by $0.19. The company had revenue of $4.78 billion during the quarter, compared to analysts’ expectations of $4.20 billion. EOG Resources had a return on equity of 16.79% and a net margin of 30.90%. The business’s quarterly revenue was up 80.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.19 earnings per share. As a group, research analysts predict that EOG Resources Inc will post 5.93 earnings per share for the current year.

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EOG Resources Company Profile

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil and natural gas. The company's principal producing areas are located in New Mexico, North Dakota, Texas, Utah, and Wyoming in the United States; and the Republic of Trinidad and Tobago, the United Kingdom, the People's Republic of China, and Canada.

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

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