PNC Financial Services Group Inc. Sells 4,728 Shares of EOG Resources, Inc. (NYSE:EOG)

PNC Financial Services Group Inc. lessened its holdings in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 2.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 214,716 shares of the energy exploration company's stock after selling 4,728 shares during the period. PNC Financial Services Group Inc.'s holdings in EOG Resources were worth $26,320,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Capital Performance Advisors LLP acquired a new stake in EOG Resources in the 3rd quarter valued at approximately $31,000. CWA Asset Management Group LLC bought a new position in shares of EOG Resources in the 3rd quarter valued at about $1,041,000. SpiderRock Advisors LLC grew its stake in EOG Resources by 34.3% in the third quarter. SpiderRock Advisors LLC now owns 5,696 shares of the energy exploration company's stock valued at $700,000 after purchasing an additional 1,455 shares in the last quarter. Atria Investments Inc raised its stake in shares of EOG Resources by 2.2% during the 3rd quarter. Atria Investments Inc now owns 48,877 shares of the energy exploration company's stock worth $6,008,000 after purchasing an additional 1,075 shares in the last quarter. Finally, Covestor Ltd boosted its holdings in shares of EOG Resources by 11.2% in the 3rd quarter. Covestor Ltd now owns 1,078 shares of the energy exploration company's stock valued at $133,000 after buying an additional 109 shares during the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Barclays dropped their price target on shares of EOG Resources from $148.00 to $146.00 and set an "equal weight" rating on the stock in a research report on Friday, February 28th. Wolfe Research upgraded EOG Resources from a "peer perform" rating to an "outperform" rating and set a $143.00 target price for the company in a research note on Friday, January 3rd. UBS Group dropped their price target on EOG Resources from $165.00 to $160.00 and set a "buy" rating on the stock in a research note on Tuesday, March 4th. Mizuho dropped their price objective on shares of EOG Resources from $156.00 to $148.00 and set an "outperform" rating on the stock in a research report on Monday, December 16th. Finally, Williams Trading set a $154.00 target price on shares of EOG Resources in a research note on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $146.19.

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Insider Activity at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $120.89, for a total value of $483,560.00. Following the completion of 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.30% of the stock is currently owned by insiders.

EOG Resources Price Performance

Shares of EOG Resources stock traded up $1.31 on Wednesday, reaching $125.80. 1,382,635 shares of the stock were exchanged, compared to its average volume of 3,000,200. The firm's 50 day moving average is $129.64 and its 200-day moving average is $127.73. The firm has a market cap of $69.68 billion, a PE ratio of 10.13, a P/E/G ratio of 3.58 and a beta of 1.25. 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, Inc. has a one year low of $115.78 and a one year high of $139.67.

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

EOG Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be paid a $0.975 dividend. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.10%. EOG Resources's payout ratio is currently 34.73%.

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.