PNC Financial Services Group Inc. Has $26.32 Million Stock Position in EOG Resources, Inc. (NYSE:EOG)

PNC Financial Services Group Inc. lowered its position in EOG Resources, Inc. (NYSE:EOG) by 2.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 214,716 shares of the energy exploration company’s stock after selling 4,728 shares during the quarter. PNC Financial Services Group Inc.’s holdings in EOG Resources were worth $26,320,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Financial Life Planners acquired a new stake in EOG Resources during the fourth quarter worth $25,000. Y.D. More Investments Ltd raised its stake in shares of EOG Resources by 149.4% in the 4th quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company’s stock valued at $25,000 after buying an additional 121 shares in the last quarter. Mainstream Capital Management LLC bought a new position in shares of EOG Resources during the 4th quarter worth about $25,000. Decker Retirement Planning Inc. acquired a new stake in shares of EOG Resources during the 4th quarter valued at about $27,000. Finally, Keystone Financial Group Inc. bought a new stake in EOG Resources in the fourth quarter valued at about $27,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

Insiders Place Their Bets

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the firm’s stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $120.89, for a total value of $483,560.00. Following the transaction, the chief operating officer now directly owns 42,703 shares in the company, valued at $5,162,365.67. This trade represents a 8.56 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.30% of the company’s stock.

EOG Resources Trading Up 0.5 %

EOG stock opened at $125.83 on Tuesday. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. EOG Resources, Inc. has a twelve month low of $115.78 and a twelve month high of $139.67. The company has a market cap of $69.70 billion, a P/E ratio of 10.13, a PEG ratio of 3.58 and a beta of 1.25. The business has a fifty day moving average of $129.60 and a 200-day moving average of $127.75.

EOG Resources (NYSE:EOG) last released its earnings results on Friday, February 28th. The energy exploration company reported $2.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.55 by $0.19. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The company had revenue of $5.59 billion for the quarter, compared to the consensus estimate of $5.96 billion. As a group, equities research analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be paid a $0.975 dividend. The ex-dividend date is Wednesday, April 16th. This represents a $3.90 dividend on an annualized basis and a yield of 3.10%. EOG Resources’s payout ratio is presently 34.73%.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Mizuho cut their price target on shares of EOG Resources from $156.00 to $148.00 and set an “outperform” rating for the company in a research note on Monday, December 16th. Citigroup downgraded EOG Resources from a “neutral” rating to a “reduce” rating in a research report on Wednesday, March 5th. Royal Bank of Canada upgraded EOG Resources from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $150.00 to $155.00 in a research report on Wednesday, February 12th. Truist Financial lifted their price objective on EOG Resources from $135.00 to $137.00 and gave the company a “hold” rating in a report on Monday, January 13th. Finally, StockNews.com lowered shares of EOG Resources from a “buy” rating to a “hold” rating in a report on Friday, February 21st. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $146.19.

EOG Resources 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.