American Trust Sells 6,728 Shares of EOG Resources, Inc. (NYSE:EOG)

American Trust trimmed its stake in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 19.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 27,769 shares of the energy exploration company's stock after selling 6,728 shares during the quarter. American Trust's holdings in EOG Resources were worth $3,414,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. DRW Securities LLC raised its position in shares of EOG Resources by 98.6% during the 3rd quarter. DRW Securities LLC now owns 26,838 shares of the energy exploration company's stock worth $3,299,000 after purchasing an additional 13,324 shares during the period. Caprock Group LLC increased its position in EOG Resources by 7.7% in the 3rd quarter. Caprock Group LLC now owns 12,112 shares of the energy exploration company's stock valued at $1,489,000 after acquiring an additional 862 shares during the period. University of Texas Texas AM Investment Management Co. increased its position in EOG Resources by 3,976.8% in the 2nd quarter. University of Texas Texas AM Investment Management Co. now owns 10,885 shares of the energy exploration company's stock valued at $1,370,000 after acquiring an additional 10,618 shares during the period. KBC Group NV increased its position in EOG Resources by 11.4% in the 3rd quarter. KBC Group NV now owns 119,132 shares of the energy exploration company's stock valued at $14,645,000 after acquiring an additional 12,210 shares during the period. Finally, Sequoia Financial Advisors LLC increased its position in EOG Resources by 44.2% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 10,603 shares of the energy exploration company's stock valued at $1,303,000 after acquiring an additional 3,251 shares during the period. 89.91% of the stock is currently owned by institutional investors and hedge funds.

EOG Resources Stock Up 0.2 %

Shares of EOG Resources stock traded up $0.20 during midday trading on Friday, hitting $126.77. The company's stock had a trading volume of 1,878,772 shares, compared to its average volume of 3,120,094. 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 1-year low of $108.94 and a 1-year high of $139.67. The stock has a 50-day simple moving average of $129.36 and a 200-day simple moving average of $126.37. The firm has a market capitalization of $71.30 billion, a P/E ratio of 10.19, a PEG ratio of 3.39 and a beta of 1.29.

EOG Resources announced that its Board of Directors has initiated a stock buyback program on Thursday, November 7th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the energy exploration company to purchase up to 7% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's management believes its shares are undervalued.

EOG Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be issued a dividend of $0.975 per share. This represents a $3.90 annualized dividend and a dividend yield of 3.08%. This is a positive change from EOG Resources's previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Friday, January 17th. EOG Resources's dividend payout ratio (DPR) is currently 29.31%.

Insider Buying and Selling

In related news, Director Janet F. Clark sold 568 shares of the stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $135.33, for a total transaction of $76,867.44. Following the completion of the sale, the director now directly owns 43,532 shares in the company, valued at approximately $5,891,185.56. This trade represents a 1.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.30% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on EOG shares. Susquehanna lowered their target price on EOG Resources from $159.00 to $158.00 and set a "positive" rating on the stock in a research report on Wednesday, September 4th. Scotiabank lowered their target price on EOG Resources from $150.00 to $140.00 and set a "sector perform" rating on the stock in a research report on Thursday, October 10th. UBS Group lowered their target price on EOG Resources from $167.00 to $154.00 and set a "buy" rating on the stock in a research report on Wednesday, September 18th. Barclays lowered their target price on EOG Resources from $144.00 to $137.00 and set an "equal weight" rating on the stock in a research report on Thursday, October 3rd. Finally, Citigroup increased their price target on EOG Resources from $127.00 to $134.00 and gave the company a "neutral" rating in a research note on Tuesday, November 26th. Fifteen investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $144.20.

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.