Zions Bancorporation N.A. Sells 399 Shares of EOG Resources Inc (NYSE:EOG)
Zions Bancorporation N.A. decreased its position in EOG Resources Inc (NYSE:EOG) by 25.6% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,158 shares of the energy exploration company’s stock after selling 399 shares during the quarter. Zions Bancorporation N.A.’s holdings in EOG Resources were worth $108,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. KAMES CAPITAL plc grew its stake in shares of EOG Resources by 0.5% in the 2nd quarter. KAMES CAPITAL plc now owns 746,569 shares of the energy exploration company’s stock valued at $69,565,000 after buying an additional 3,539 shares in the last quarter. Pinnacle Bank boosted its position in EOG Resources by 177.3% during the second quarter. Pinnacle Bank now owns 610 shares of the energy exploration company’s stock worth $57,000 after purchasing an additional 390 shares during the period. Douglas Lane & Associates LLC boosted its position in EOG Resources by 32.8% during the second quarter. Douglas Lane & Associates LLC now owns 283,294 shares of the energy exploration company’s stock worth $26,392,000 after purchasing an additional 69,987 shares during the period. First American Trust FSB boosted its position in EOG Resources by 4.6% during the second quarter. First American Trust FSB now owns 40,872 shares of the energy exploration company’s stock worth $3,807,000 after purchasing an additional 1,809 shares during the period. Finally, WINTON GROUP Ltd boosted its position in EOG Resources by 10.7% during the second quarter. WINTON GROUP Ltd now owns 5,941 shares of the energy exploration company’s stock worth $553,000 after purchasing an additional 574 shares during the period. 86.69% of the stock is owned by institutional investors and hedge funds.
Shares of EOG traded down $1.18 during mid-day trading on Friday, hitting $84.29. The company’s stock had a trading volume of 3,026,076 shares, compared to its average volume of 3,164,190. EOG Resources Inc has a one year low of $80.41 and a one year high of $133.53. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.94. The firm has a market capitalization of $49.60 billion, a price-to-earnings ratio of 15.21, a PEG ratio of 1.45 and a beta of 1.33. The business has a 50-day moving average of $88.51.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th will be paid a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 1.36%. This is a positive change from EOG Resources’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Tuesday, July 16th. EOG Resources’s dividend payout ratio is presently 20.76%.
A number of brokerages have issued reports on EOG. Citigroup upped their target price on Walt Disney from $126.00 to $132.00 and gave the stock a “buy” rating in a research report on Tuesday, April 9th. Zacks Investment Research cut Farmers & Merchants Bancorp, Inc. (OH) from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 9th. ValuEngine cut W&T Offshore from a “hold” rating to a “sell” rating in a research report on Friday, April 26th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of in a research report on Friday, June 28th. Finally, Goldman Sachs Group set a $27.00 target price on Melco Resorts & Entertainment and gave the stock a “buy” rating in a research report on Tuesday, May 28th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-two have given a buy rating to the stock. EOG Resources presently has an average rating of “Buy” and an average target price of $118.09.
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 People's Republic of China, and Canada.
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