First Hawaiian Bank Sells 883 Shares of EOG Resources, Inc. (NYSE:EOG)

First Hawaiian Bank cut its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 13.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,868 shares of the energy exploration company’s stock after selling 883 shares during the period. First Hawaiian Bank’s holdings in EOG Resources were worth $739,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in EOG. MUFG Securities EMEA plc purchased a new stake in EOG Resources in the 4th quarter worth approximately $5,443,000. Dai ichi Life Insurance Company Ltd raised its position in EOG Resources by 15.3% in the 4th quarter. Dai ichi Life Insurance Company Ltd now owns 46,468 shares of the energy exploration company’s stock worth $5,620,000 after purchasing an additional 6,154 shares during the period. AIA Group Ltd raised its position in EOG Resources by 128.0% in the 4th quarter. AIA Group Ltd now owns 10,203 shares of the energy exploration company’s stock worth $1,234,000 after purchasing an additional 5,728 shares during the period. Artisan Partners Limited Partnership raised its position in EOG Resources by 2.3% in the 4th quarter. Artisan Partners Limited Partnership now owns 991,055 shares of the energy exploration company’s stock worth $119,868,000 after purchasing an additional 22,638 shares during the period. Finally, Yacktman Asset Management LP raised its position in EOG Resources by 4.8% in the 4th quarter. Yacktman Asset Management LP now owns 1,789,433 shares of the energy exploration company’s stock worth $216,432,000 after purchasing an additional 82,302 shares during the period. 89.91% of the stock is owned by institutional investors.

Insider Activity

In other EOG Resources news, President Lloyd W. Helms, Jr. sold 1,296 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $130.27, for a total transaction of $168,829.92. Following the completion of the sale, the president now directly owns 161,109 shares of the company’s stock, valued at $20,987,669.43. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other EOG Resources news, President Lloyd W. Helms, Jr. sold 1,296 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $130.27, for a total value of $168,829.92. Following the completion of the transaction, the president now directly owns 161,109 shares in the company, valued at $20,987,669.43. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Michael P. Donaldson sold 2,685 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $130.29, for a total transaction of $349,828.65. Following the completion of the transaction, the executive vice president now owns 109,040 shares of the company’s stock, valued at $14,206,821.60. The disclosure for this sale can be found here. Insiders sold 16,512 shares of company stock valued at $2,144,972 over the last three months. Insiders own 0.30% of the company’s stock.

EOG Resources Stock Up 0.2 %

EOG Resources stock traded up $0.26 during trading hours on Monday, hitting $123.18. The stock had a trading volume of 5,001,349 shares, compared to its average volume of 3,211,864. The company has a quick ratio of 2.05, a current ratio of 2.32 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $70.79 billion, a P/E ratio of 9.73, a price-to-earnings-growth ratio of 2.15 and a beta of 1.30. EOG Resources, Inc. has a 12-month low of $108.94 and a 12-month high of $139.67. The stock’s 50-day moving average price is $124.57 and its 200-day moving average price is $123.78.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share for the quarter, beating the consensus estimate of $2.98 by $0.18. EOG Resources had a net margin of 30.33% and a return on equity of 25.65%. The firm had revenue of $6.03 billion during the quarter, compared to analysts’ expectations of $6.07 billion. During the same period in the previous year, the company earned $2.49 earnings per share. The firm’s quarterly revenue was up 8.1% on a year-over-year basis. Equities research analysts anticipate that EOG Resources, Inc. will post 12.13 EPS for the current fiscal year.

EOG Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 17th will be issued a dividend of $0.91 per share. The ex-dividend date of this dividend is Thursday, October 17th. This represents a $3.64 annualized dividend and a dividend yield of 2.96%. EOG Resources’s payout ratio is 28.75%.

Analyst Upgrades and Downgrades

EOG has been the topic of a number of analyst reports. Susquehanna lifted their target price on shares of EOG Resources from $155.00 to $159.00 and gave the stock a “positive” rating in a research report on Monday. Bank of America restated a “buy” rating and issued a $151.00 price objective on shares of EOG Resources in a research report on Friday, June 14th. Royal Bank of Canada restated a “sector perform” rating and issued a $147.00 price objective on shares of EOG Resources in a research report on Wednesday, July 10th. Morgan Stanley boosted their price objective on shares of EOG Resources from $132.00 to $133.00 and gave the company an “equal weight” rating in a research report on Monday, April 15th. Finally, Citigroup boosted their price objective on shares of EOG Resources from $124.00 to $130.00 and gave the company a “neutral” rating in a research report on Friday, May 24th. Fifteen equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, EOG Resources currently has an average rating of “Hold” and an average price target of $143.40.

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.