First Citizens Bank & Trust Co. Sells 180 Shares of EOG Resources, Inc. (NYSE:EOG)

First Citizens Bank & Trust Co. reduced its position in shares of EOG Resources, Inc. (NYSE:EOG) by 2.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,932 shares of the energy exploration company’s stock after selling 180 shares during the period. First Citizens Bank & Trust Co.’s holdings in EOG Resources were worth $889,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Capital World Investors raised its stake in shares of EOG Resources by 5.2% in the fourth quarter. Capital World Investors now owns 45,919,327 shares of the energy exploration company’s stock valued at $5,628,497,000 after acquiring an additional 2,270,013 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in EOG Resources by 4.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 18,192,314 shares of the energy exploration company’s stock valued at $2,230,014,000 after purchasing an additional 781,282 shares during the last quarter. Geode Capital Management LLC boosted its stake in EOG Resources by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 12,549,802 shares of the energy exploration company’s stock worth $1,541,282,000 after purchasing an additional 234,067 shares in the last quarter. Northern Trust Corp grew its holdings in shares of EOG Resources by 2.9% during the fourth quarter. Northern Trust Corp now owns 5,719,012 shares of the energy exploration company’s stock worth $701,036,000 after purchasing an additional 159,216 shares during the last quarter. Finally, Alliancebernstein L.P. increased its stake in shares of EOG Resources by 6.9% in the fourth quarter. Alliancebernstein L.P. now owns 5,686,003 shares of the energy exploration company’s stock valued at $696,990,000 after buying an additional 365,115 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 4,037 shares of the stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $127.76, for a total transaction of $515,767.12. Following the completion of the transaction, the chief operating officer now directly owns 47,732 shares in the company, valued at $6,098,240.32. This represents a 7.80% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.13% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on EOG shares. Barclays increased their price objective on shares of EOG Resources from $137.00 to $140.00 and gave the stock an “equal weight” rating in a report on Monday, June 2nd. Morgan Stanley set a $135.00 price objective on shares of EOG Resources and gave the stock an “equal weight” rating in a research report on Monday, June 2nd. KeyCorp decreased their price objective on EOG Resources from $150.00 to $140.00 and set an “overweight” rating on the stock in a research report on Monday, April 21st. Susquehanna dropped their target price on EOG Resources from $161.00 to $156.00 and set a “positive” rating for the company in a research report on Tuesday, April 22nd. Finally, Wells Fargo & Company decreased their price target on EOG Resources from $150.00 to $146.00 and set an “overweight” rating on the stock in a report on Thursday, March 13th. Eleven analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, EOG Resources presently has a consensus rating of “Moderate Buy” and an average price target of $139.58.

EOG Resources Stock Performance

Shares of EOG stock opened at $117.83 on Wednesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. EOG Resources, Inc. has a 52 week low of $102.52 and a 52 week high of $138.18. The company’s 50 day moving average price is $111.15 and its two-hundred day moving average price is $122.05. The company has a market capitalization of $64.31 billion, a P/E ratio of 9.49, a price-to-earnings-growth ratio of 3.58 and a beta of 0.74.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.75 by $0.12. The company had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.92 billion. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The firm’s revenue was down 7.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.82 earnings per share. On average, analysts expect that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 17th will be given a dividend of $1.02 per share. This is a boost from EOG Resources’s previous quarterly dividend of $0.98. This represents a $4.08 annualized dividend and a dividend yield of 3.46%. The ex-dividend date of this dividend is Friday, October 17th. EOG Resources’s dividend payout ratio is currently 36.18%.

EOG Resources Company Profile

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.