Whittier Trust Co. Has $27.55 Million Position in EOG Resources, Inc. (NYSE:EOG)

Whittier Trust Co. boosted its position in EOG Resources, Inc. (NYSE:EOG - Free Report) by 2.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 224,129 shares of the energy exploration company's stock after buying an additional 4,790 shares during the quarter. Whittier Trust Co.'s holdings in EOG Resources were worth $27,552,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cape ANN Savings Bank grew its holdings in EOG Resources by 0.9% during the 3rd quarter. Cape ANN Savings Bank now owns 8,679 shares of the energy exploration company's stock worth $1,067,000 after acquiring an additional 79 shares in the last quarter. Wright Investors Service Inc. lifted its holdings in EOG Resources by 0.8% during the 1st quarter. Wright Investors Service Inc. now owns 10,163 shares of the energy exploration company's stock worth $1,299,000 after buying an additional 80 shares during the last quarter. CVA Family Office LLC grew its position in shares of EOG Resources by 11.0% in the 2nd quarter. CVA Family Office LLC now owns 820 shares of the energy exploration company's stock worth $103,000 after acquiring an additional 81 shares in the last quarter. Bailard Inc. increased its holdings in shares of EOG Resources by 0.4% in the 2nd quarter. Bailard Inc. now owns 19,899 shares of the energy exploration company's stock valued at $2,505,000 after acquiring an additional 81 shares during the last quarter. Finally, Everpar Advisors LLC raised its position in shares of EOG Resources by 3.6% during the 3rd quarter. Everpar Advisors LLC now owns 2,380 shares of the energy exploration company's stock valued at $293,000 after acquiring an additional 83 shares in the last quarter. 89.91% of the stock is owned by hedge funds and other institutional investors.

EOG Resources Price Performance

Shares of NYSE:EOG traded down $0.91 on Monday, reaching $125.71. 2,401,729 shares of the company traded hands, compared to its average volume of 3,176,622. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.12 and a quick ratio of 1.89. The stock has a market capitalization of $72.25 billion, a PE ratio of 9.93, a P/E/G ratio of 3.38 and a beta of 1.28. The company's 50 day moving average is $126.18 and its 200-day moving average is $127.01. EOG Resources, Inc. has a fifty-two week low of $108.94 and a fifty-two week high of $139.67.

EOG Resources (NYSE:EOG - Get Free Report) last released its quarterly earnings results on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share for the quarter, beating analysts' consensus estimates of $2.98 by $0.18. The business had revenue of $6.03 billion during the quarter, compared to analyst estimates of $6.07 billion. EOG Resources had a return on equity of 25.42% and a net margin of 30.33%. EOG Resources's revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter last year, the company posted $2.49 EPS. As a group, analysts anticipate that EOG Resources, Inc. will post 11.83 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 17th will be paid a $0.91 dividend. The ex-dividend date of this dividend is Thursday, October 17th. This represents a $3.64 dividend on an annualized basis and a yield of 2.90%. EOG Resources's dividend payout ratio (DPR) is currently 28.75%.

Analyst Upgrades and Downgrades

EOG has been the subject of a number of research reports. Barclays decreased their price objective on shares of EOG Resources from $144.00 to $137.00 and set an "equal weight" rating for the company in a report on Thursday, October 3rd. Royal Bank of Canada restated a "sector perform" rating and issued a $145.00 target price on shares of EOG Resources in a research note on Monday, October 14th. Morgan Stanley dropped their price target on EOG Resources from $134.00 to $132.00 and set an "equal weight" rating on the stock in a research report on Monday, September 16th. Wells Fargo & Company lowered their price target on shares of EOG Resources from $140.00 to $135.00 and set an "equal weight" rating for the company in a research report on Tuesday, October 1st. Finally, KeyCorp cut their price objective on shares of EOG Resources from $157.00 to $150.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 16th. Fourteen analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, EOG Resources presently has an average rating of "Hold" and a consensus price target of $141.20.

Insiders Place Their Bets

In related news, Director Charles R. Crisp sold 6,500 shares of the firm's stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $125.60, for a total transaction of $816,400.00. Following the transaction, the director now owns 60,892 shares of the company's stock, valued at approximately $7,648,035.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $126.48, for a total transaction of $505,920.00. Following the transaction, the chief operating officer now owns 35,058 shares of the company's stock, valued at approximately $4,434,135.84. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Charles R. Crisp sold 6,500 shares of the firm's stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $125.60, for a total value of $816,400.00. Following the completion of the transaction, the director now directly owns 60,892 shares in the company, valued at $7,648,035.20. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 21,537 shares of company stock valued at $2,751,612 in the last three months. Insiders own 0.30% of the company's stock.

About EOG Resources

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.