Argent Trust Co Acquires 6,328 Shares of EOG Resources Inc (EOG)

Argent Trust Co boosted its holdings in EOG Resources Inc (NYSE:EOG) by 65.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,965 shares of the energy exploration company’s stock after buying an additional 6,328 shares during the period. Argent Trust Co’s holdings in EOG Resources were worth $1,392,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Cornerstone Advisors Inc. grew its stake in EOG Resources by 41.2% in the 3rd quarter. Cornerstone Advisors Inc. now owns 490 shares of the energy exploration company’s stock valued at $63,000 after buying an additional 143 shares in the last quarter. Legacy Financial Advisors Inc. boosted its holdings in EOG Resources by 108.3% in the 4th quarter. Legacy Financial Advisors Inc. now owns 552 shares of the energy exploration company’s stock valued at $48,000 after purchasing an additional 287 shares during the period. Intercontinental Wealth Advisors LLC bought a new position in EOG Resources in the 4th quarter valued at $66,000. Focused Wealth Management Inc bought a new position in EOG Resources in the 4th quarter valued at $70,000. Finally, NuWave Investment Management LLC boosted its holdings in EOG Resources by 2,366.7% in the 3rd quarter. NuWave Investment Management LLC now owns 1,184 shares of the energy exploration company’s stock valued at $151,000 after purchasing an additional 1,136 shares during the period. Institutional investors and hedge funds own 86.41% of the company’s stock.

In other news, EVP Ezra Y. Yacob sold 2,388 shares of EOG Resources stock in a transaction on Wednesday, January 9th. The shares were sold at an average price of $98.77, for a total transaction of $235,862.76. Following the completion of the sale, the executive vice president now directly owns 45,424 shares of the company’s stock, valued at approximately $4,486,528.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Frank G. Wisner sold 3,150 shares of EOG Resources stock in a transaction on Thursday, December 20th. The stock was sold at an average price of $92.60, for a total transaction of $291,690.00. Following the sale, the director now directly owns 116,586 shares of the company’s stock, valued at $10,795,863.60. The disclosure for this sale can be found here. Insiders own 0.51% of the company’s stock.

NYSE EOG opened at $96.75 on Thursday. EOG Resources Inc has a 52-week low of $82.04 and a 52-week high of $133.53. The company has a quick ratio of 0.92, a current ratio of 1.09 and a debt-to-equity ratio of 0.28. The firm has a market cap of $54.63 billion, a PE ratio of 86.38, a P/E/G ratio of 1.49 and a beta of 1.34.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 31st. Stockholders of record on Thursday, January 17th were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date of this dividend was Wednesday, January 16th. EOG Resources’s dividend payout ratio is currently 78.57%.

Several research analysts have commented on EOG shares. Piper Jaffray Companies set a $156.00 price target on shares of EOG Resources and gave the company a “buy” rating in a report on Tuesday, October 23rd. Zacks Investment Research raised shares of EOG Resources from a “hold” rating to a “buy” rating and set a $130.00 price target for the company in a report on Tuesday, October 23rd. Barclays raised their price target on shares of EOG Resources from $140.00 to $141.00 and gave the company a “buy” rating in a report on Thursday, November 15th. BMO Capital Markets set a $115.00 price target on shares of EOG Resources and gave the company a “buy” rating in a report on Monday, November 12th. Finally, Robert W. Baird reissued a “buy” rating and issued a $133.00 price target on shares of EOG Resources in a report on Monday, December 3rd. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. EOG Resources currently has a consensus rating of “Buy” and an average price target of $131.04.

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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 United Kingdom, the People's Republic of China, and Canada.

Further Reading: Beta

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

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