Busey Trust CO cut its stake in EOG Resources, Inc. (NYSE:EOG) by 1.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 75,050 shares of the energy exploration company’s stock after selling 1,460 shares during the period. Busey Trust CO’s holdings in EOG Resources were worth $7,588,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in the company. Spinnaker Trust raised its position in EOG Resources by 0.5% in the second quarter. Spinnaker Trust now owns 23,783 shares of the energy exploration company’s stock valued at $1,984,000 after buying an additional 115 shares in the last quarter. Thompson Investment Management Inc. raised its position in EOG Resources by 0.7% in the second quarter. Thompson Investment Management Inc. now owns 58,648 shares of the energy exploration company’s stock valued at $4,892,000 after buying an additional 420 shares in the last quarter. Cobiz Investment Management LLC raised its position in EOG Resources by 12.9% in the second quarter. Cobiz Investment Management LLC now owns 33,298 shares of the energy exploration company’s stock valued at $2,778,000 after buying an additional 3,792 shares in the last quarter. Klingenstein Fields & Co. LLC purchased a new position in EOG Resources during the second quarter valued at about $314,000. Finally, Badgley Phelps & Bell Inc. raised its position in EOG Resources by 2.6% in the second quarter. Badgley Phelps & Bell Inc. now owns 93,342 shares of the energy exploration company’s stock valued at $7,787,000 after buying an additional 2,378 shares in the last quarter. 85.49% of the stock is currently owned by institutional investors and hedge funds.
EOG Resources, Inc. (NYSE:EOG) opened at 101.23 on Wednesday. The company’s 50 day moving average is $102.57 and its 200-day moving average is $96.26. The stock’s market cap is $58.35 billion. EOG Resources, Inc. has a 52-week low of $62.53 and a 52-week high of $109.37.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 31st. Shareholders of record on Tuesday, January 17th were paid a dividend of $0.1675 per share. The ex-dividend date of this dividend was Thursday, January 12th. This represents a $0.67 annualized dividend and a yield of 0.66%. EOG Resources’s dividend payout ratio is currently -29.65%.
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A number of equities research analysts have recently weighed in on EOG shares. Atlantic Securities lowered shares of EOG Resources from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $104.37 to $57.15 in a report on Monday, December 12th. They noted that the move was a valuation call. Vetr lowered shares of EOG Resources from a “buy” rating to a “sell” rating and set a $98.00 price objective on the stock. in a report on Monday, December 12th. FBR & Co boosted their price objective on shares of EOG Resources from $108.00 to $128.00 and gave the company an “outperform” rating in a report on Tuesday, December 13th. KLR Group raised shares of EOG Resources from an “accumulate” rating to a “buy” rating and set a $125.00 price objective on the stock in a report on Friday, January 20th. Finally, Credit Suisse Group reissued a “hold” rating on shares of EOG Resources in a report on Monday, December 19th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $103.70.
In other EOG Resources news, VP Ann D. Janssen sold 10,970 shares of the business’s stock in a transaction that occurred on Wednesday, November 30th. The shares were sold at an average price of $101.55, for a total transaction of $1,114,003.50. Following the completion of the sale, the vice president now directly owns 58,473 shares in the company, valued at $5,937,933.15. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Gary L. Thomas sold 60,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 30th. The stock was sold at an average price of $101.73, for a total transaction of $6,103,800.00. Following the sale, the insider now owns 1,000,520 shares of the company’s stock, valued at $101,782,899.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 97,553 shares of company stock valued at $9,961,167. 0.52% of the stock is owned by insiders.
EOG Resources Company Profile
EOG Resources, Inc (EOG) explores for, develops, produces and markets crude oil and natural gas primarily in major producing basins in the United States, The Republic of Trinidad and Tobago (Trinidad), the United Kingdom, The People’s Republic of China (China), Canada and, from time to time, select other international areas.
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