Sabal Trust CO Buys 1,596 Shares of EOG Resources, Inc. (NYSE:EOG)

Sabal Trust CO increased its stake in EOG Resources, Inc. (NYSE:EOG) by 24.8% in the first quarter, Holdings Channel.com reports. The institutional investor owned 8,029 shares of the energy exploration company’s stock after acquiring an additional 1,596 shares during the period. Sabal Trust CO’s holdings in EOG Resources were worth $1,030,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. 1ST Source Bank grew its holdings in shares of EOG Resources by 1.5% during the 4th quarter. 1ST Source Bank now owns 5,349 shares of the energy exploration company’s stock worth $656,000 after acquiring an additional 80 shares during the period. Penobscot Investment Management Company Inc. boosted its position in shares of EOG Resources by 2.0% during the fourth quarter. Penobscot Investment Management Company Inc. now owns 4,065 shares of the energy exploration company’s stock valued at $498,000 after purchasing an additional 80 shares in the last quarter. TD Private Client Wealth LLC grew its stake in EOG Resources by 1.4% in the fourth quarter. TD Private Client Wealth LLC now owns 5,786 shares of the energy exploration company’s stock worth $709,000 after purchasing an additional 81 shares during the period. Advisor OS LLC raised its holdings in EOG Resources by 3.1% in the fourth quarter. Advisor OS LLC now owns 2,751 shares of the energy exploration company’s stock worth $337,000 after purchasing an additional 82 shares in the last quarter. Finally, NBT Bank N A NY lifted its position in EOG Resources by 3.9% during the fourth quarter. NBT Bank N A NY now owns 2,411 shares of the energy exploration company’s stock valued at $296,000 after buying an additional 90 shares during the period. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,037 shares of the stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $127.76, for a total value of $515,767.12. Following the transaction, the chief operating officer now owns 47,732 shares of the company’s stock, valued at approximately $6,098,240.32. This represents a 7.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on EOG shares. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $145.00 target price on shares of EOG Resources in a research report on Friday, June 20th. KeyCorp cut their price objective on shares of EOG Resources from $150.00 to $140.00 and set an “overweight” rating on the stock in a report on Monday, April 21st. Wells Fargo & Company raised their target price on shares of EOG Resources from $146.00 to $148.00 and gave the company an “overweight” rating in a research note on Monday, June 16th. Barclays boosted their price target on EOG Resources from $137.00 to $140.00 and gave the stock an “equal weight” rating in a research report on Monday, June 2nd. Finally, UBS Group reaffirmed a “buy” rating and set a $140.00 price objective (up previously from $135.00) on shares of EOG Resources in a research report on Tuesday, June 3rd. Twelve investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, EOG Resources has an average rating of “Moderate Buy” and an average price target of $139.48.

EOG Resources Price Performance

Shares of NYSE:EOG opened at $119.89 on Thursday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.71 and a current ratio of 1.87. The firm has a market cap of $65.43 billion, a price-to-earnings ratio of 11.12, a price-to-earnings-growth ratio of 9.70 and a beta of 0.74. The business has a 50-day simple moving average of $114.28 and a two-hundred day simple moving average of $121.45. EOG Resources, Inc. has a fifty-two week low of $102.52 and a fifty-two week high of $138.18.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share for the quarter, beating the consensus estimate of $2.75 by $0.12. The firm had revenue of $5.84 billion during the quarter, compared to analysts’ expectations of $5.92 billion. EOG Resources had a net margin of 26.14% and a return on equity of 22.35%. The firm’s quarterly revenue was down 7.4% on a year-over-year basis. During the same period in the previous year, the company earned $2.82 earnings per share. On average, analysts expect that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 17th will be paid a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, October 17th. This is a positive change from EOG Resources’s previous quarterly dividend of $0.98. This represents a $4.08 dividend on an annualized basis and a yield of 3.40%. EOG Resources’s payout ratio is currently 36.18%.

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.