Huntington National Bank Has $15.17 Million Holdings in EOG Resources, Inc. $EOG

Huntington National Bank lessened its holdings in EOG Resources, Inc. (NYSE:EOGFree Report) by 65.9% during the 3rd quarter, Holdings Channel reports. The firm owned 135,297 shares of the energy exploration company’s stock after selling 261,783 shares during the period. Huntington National Bank’s holdings in EOG Resources were worth $15,170,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. JCIC Asset Management Inc. bought a new position in EOG Resources in the third quarter valued at approximately $32,000. Twin Peaks Wealth Advisors LLC acquired a new position in shares of EOG Resources in the 2nd quarter valued at $35,000. Salomon & Ludwin LLC boosted its position in shares of EOG Resources by 122.8% in the 3rd quarter. Salomon & Ludwin LLC now owns 323 shares of the energy exploration company’s stock worth $36,000 after purchasing an additional 178 shares during the last quarter. Mountain Hill Investment Partners Corp. acquired a new stake in shares of EOG Resources during the third quarter worth $37,000. Finally, Quent Capital LLC acquired a new stake in shares of EOG Resources during the third quarter worth $37,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Weiss Ratings reissued a “hold (c)” rating on shares of EOG Resources in a research note on Thursday, January 22nd. Morgan Stanley set a $128.00 price target on EOG Resources and gave the company an “equal weight” rating in a research note on Friday, January 23rd. Zacks Research lowered shares of EOG Resources from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 20th. BMO Capital Markets decreased their price objective on shares of EOG Resources from $126.00 to $120.00 and set an “outperform” rating for the company in a report on Monday, January 12th. Finally, Jefferies Financial Group set a $140.00 target price on shares of EOG Resources in a report on Wednesday, January 14th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, sixteen have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, EOG Resources has an average rating of “Hold” and a consensus target price of $134.59.

Read Our Latest Analysis on EOG Resources

Insider Activity

In related news, COO Jeffrey R. Leitzell sold 2,000 shares of the stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $125.00, for a total transaction of $250,000.00. Following the completion of the transaction, the chief operating officer directly owned 61,481 shares in the company, valued at approximately $7,685,125. This trade represents a 3.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.13% of the stock is owned by corporate insiders.

Key Headlines Impacting EOG Resources

Here are the key news stories impacting EOG Resources this week:

EOG Resources Price Performance

NYSE EOG opened at $124.07 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.43 and a current ratio of 1.63. The stock has a market cap of $66.56 billion, a price-to-earnings ratio of 13.62 and a beta of 0.49. The business has a 50 day simple moving average of $111.21 and a 200 day simple moving average of $111.74. EOG Resources, Inc. has a 52-week low of $101.59 and a 52-week high of $130.52.

EOG Resources (NYSE:EOGGet Free Report) last released its quarterly earnings results on Tuesday, February 24th. The energy exploration company reported $2.27 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.07. EOG Resources had a net margin of 22.00% and a return on equity of 18.67%. The company had revenue of $5.64 billion during the quarter, compared to analysts’ expectations of $5.36 billion. During the same quarter in the prior year, the company earned $2.74 earnings per share. The business’s quarterly revenue was up .9% compared to the same quarter last year. Analysts anticipate that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Thursday, April 16th will be paid a $1.02 dividend. The ex-dividend date of this dividend is Thursday, April 16th. This represents a $4.08 dividend on an annualized basis and a yield of 3.3%. EOG Resources’s dividend payout ratio is presently 44.79%.

EOG Resources Company Profile

(Free Report)

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.

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

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