EOG Resources Inc (NYSE:EOG) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. trimmed its stake in shares of EOG Resources Inc (NYSE:EOG) by 1.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 315,767 shares of the energy exploration company’s stock after selling 5,019 shares during the quarter. PNC Financial Services Group Inc.’s holdings in EOG Resources were worth $11,343,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in the company. Capital Research Global Investors raised its position in shares of EOG Resources by 20.7% during the 4th quarter. Capital Research Global Investors now owns 60,548,187 shares of the energy exploration company’s stock worth $5,071,515,000 after purchasing an additional 10,383,669 shares during the period. Capital International Investors raised its position in shares of EOG Resources by 14.4% during the 4th quarter. Capital International Investors now owns 42,968,045 shares of the energy exploration company’s stock worth $3,599,001,000 after purchasing an additional 5,400,745 shares during the period. BlackRock Inc. raised its position in shares of EOG Resources by 8.7% during the 1st quarter. BlackRock Inc. now owns 39,958,429 shares of the energy exploration company’s stock worth $1,435,306,000 after purchasing an additional 3,205,740 shares during the period. State Street Corp raised its position in shares of EOG Resources by 3.7% during the 4th quarter. State Street Corp now owns 28,201,688 shares of the energy exploration company’s stock worth $2,362,173,000 after purchasing an additional 1,006,145 shares during the period. Finally, Bank of New York Mellon Corp raised its position in shares of EOG Resources by 3.8% during the 1st quarter. Bank of New York Mellon Corp now owns 17,268,965 shares of the energy exploration company’s stock worth $620,301,000 after purchasing an additional 636,408 shares during the period. Institutional investors and hedge funds own 87.04% of the company’s stock.

A number of equities analysts recently issued reports on the company. Morgan Stanley increased their price objective on EOG Resources from $41.00 to $47.00 and gave the stock an “equal weight” rating in a report on Tuesday. Credit Suisse Group increased their price objective on EOG Resources from $50.00 to $58.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. Standpoint Research lowered EOG Resources from a “buy” rating to a “hold” rating in a report on Monday, May 18th. UBS Group decreased their price objective on EOG Resources from $118.00 to $59.00 and set a “buy” rating for the company in a report on Tuesday, March 31st. Finally, ValuEngine raised EOG Resources from a “sell” rating to a “hold” rating in a report on Friday, May 1st. Eleven analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $73.17.

EOG opened at $52.28 on Friday. The firm has a market cap of $30.45 billion, a PE ratio of 14.36, a P/E/G ratio of 45.47 and a beta of 1.97. The company has a quick ratio of 1.35, a current ratio of 1.51 and a debt-to-equity ratio of 0.22. The business has a fifty day simple moving average of $44.89 and a 200-day simple moving average of $63.61. EOG Resources Inc has a fifty-two week low of $27.00 and a fifty-two week high of $95.29.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Thursday, May 7th. The energy exploration company reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.11). The company had revenue of $4.72 billion for the quarter, compared to the consensus estimate of $3.83 billion. EOG Resources had a return on equity of 11.89% and a net margin of 11.69%. The business’s revenue was up 16.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.19 earnings per share. On average, equities research analysts anticipate that EOG Resources Inc will post 0.12 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 17th will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 2.87%. The ex-dividend date is Thursday, July 16th. EOG Resources’s dividend payout ratio is presently 30.12%.

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 People's Republic of China, and Canada.

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

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