FineMark National Bank & Trust Boosts Holdings in EOG Resources, Inc. (NYSE:EOG)

FineMark National Bank & Trust lifted its position in shares of EOG Resources, Inc. (NYSE:EOG) by 1.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 96,590 shares of the energy exploration company’s stock after buying an additional 1,190 shares during the period. FineMark National Bank & Trust’s holdings in EOG Resources were worth $11,840,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in EOG. CoreFirst Bank & Trust acquired a new position in EOG Resources in the fourth quarter valued at about $66,000. Prudential Financial Inc. raised its stake in shares of EOG Resources by 19.2% in the 4th quarter. Prudential Financial Inc. now owns 451,155 shares of the energy exploration company’s stock valued at $55,303,000 after acquiring an additional 72,613 shares during the period. Sound Shore Management Inc. CT acquired a new position in shares of EOG Resources in the 4th quarter worth approximately $62,869,000. Crowley Wealth Management Inc. purchased a new position in shares of EOG Resources during the 4th quarter worth approximately $61,000. Finally, Community Bank N.A. increased its holdings in EOG Resources by 9.6% in the 4th quarter. Community Bank N.A. now owns 12,452 shares of the energy exploration company’s stock valued at $1,526,000 after purchasing an additional 1,090 shares during the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on EOG. Royal Bank of Canada upgraded EOG Resources from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $150.00 to $155.00 in a research note on Wednesday, February 12th. Wells Fargo & Company lowered their target price on EOG Resources from $150.00 to $146.00 and set an “overweight” rating for the company in a report on Thursday, March 13th. Wolfe Research upgraded shares of EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 price target on the stock in a research note on Friday, January 3rd. UBS Group lowered their price objective on shares of EOG Resources from $165.00 to $160.00 and set a “buy” rating for the company in a research note on Tuesday, March 4th. Finally, Bank of America reaffirmed a “neutral” rating and set a $144.00 target price (down from $151.00) on shares of EOG Resources in a research note on Monday, January 13th. Twelve investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $145.33.

EOG Resources Price Performance

Shares of NYSE EOG opened at $128.35 on Tuesday. The stock’s 50-day simple moving average is $128.99 and its 200-day simple moving average is $127.55. The firm has a market capitalization of $71.10 billion, a PE ratio of 10.33, a price-to-earnings-growth ratio of 3.58 and a beta of 1.25. EOG Resources, Inc. has a fifty-two week low of $115.78 and a fifty-two week high of $139.67. 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 (NYSE:EOG) last issued its quarterly earnings data on Friday, February 28th. The energy exploration company reported $2.74 earnings per share for the quarter, topping the consensus estimate of $2.55 by $0.19. The business had revenue of $5.59 billion during the quarter, compared to the consensus estimate of $5.96 billion. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. As a group, equities research analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be issued a dividend of $0.975 per share. This represents a $3.90 annualized dividend and a dividend yield of 3.04%. The ex-dividend date of this dividend is Wednesday, April 16th. EOG Resources’s payout ratio is 34.73%.

Insider Transactions at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $120.89, for a total transaction of $483,560.00. Following the transaction, the chief operating officer now directly owns 42,703 shares in the company, valued at approximately $5,162,365.67. This trade represents a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.30% of the company’s stock.

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.