First Hawaiian Bank Decreases Holdings in EOG Resources, Inc. (NYSE:EOG)

First Hawaiian Bank lessened its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 13.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund 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 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Sachetta LLC purchased a new position in shares of EOG Resources in the fourth quarter worth about $33,000. Norwood Financial Corp bought a new position in shares of EOG Resources in the first quarter valued at approximately $37,000. Keener Financial Planning LLC bought a new position in shares of EOG Resources in the fourth quarter valued at approximately $36,000. LifeSteps Financial Inc. bought a new position in shares of EOG Resources in the first quarter valued at approximately $38,000. Finally, GoalVest Advisory LLC lifted its position in EOG Resources by 135.4% during the first quarter. GoalVest Advisory LLC now owns 306 shares of the energy exploration company’s stock valued at $39,000 after purchasing an additional 176 shares during the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Trading Up 0.2 %

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

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.98 by $0.18. The company had revenue of $6.03 billion during the quarter, compared to analyst estimates of $6.07 billion. EOG Resources had a net margin of 30.33% and a return on equity of 25.65%. EOG Resources’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period last year, the business earned $2.49 EPS. On average, sell-side analysts predict that EOG Resources, Inc. will post 12.13 earnings per share for the current year.

EOG Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors 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 annualized dividend and a dividend yield of 2.96%. EOG Resources’s payout ratio is 28.75%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on EOG. Scotiabank dropped their target price on shares of EOG Resources from $155.00 to $150.00 and set a “sector perform” rating for the company in a research report on Friday, July 12th. Mizuho lifted their target price on shares of EOG Resources from $140.00 to $156.00 and gave the company a “buy” rating in a research report on Monday, May 13th. Bank of America reiterated a “buy” rating and set a $151.00 target price on shares of EOG Resources in a research report on Friday, June 14th. Sanford C. Bernstein cut their price objective on shares of EOG Resources from $139.00 to $125.00 and set a “market perform” rating for the company in a research note on Wednesday, July 17th. Finally, StockNews.com cut shares of EOG Resources from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Fifteen equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, EOG Resources currently has an average rating of “Hold” and an average target price of $143.40.

Insider Buying and Selling

In related news, President Lloyd W. Helms, Jr. sold 1,296 shares of the stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $130.27, for a total transaction of $168,829.92. Following the sale, the president now directly owns 161,109 shares of the company’s stock, valued at approximately $20,987,669.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, President Lloyd W. Helms, Jr. sold 1,296 shares of the stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $130.27, for a total transaction of $168,829.92. Following the sale, the president now directly owns 161,109 shares of the company’s stock, valued at approximately $20,987,669.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ezra Y. Yacob sold 4,729 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $129.31, for a total transaction of $611,506.99. Following the sale, the chief executive officer now directly owns 150,474 shares in the company, valued at approximately $19,457,792.94. The disclosure for this sale can be found here. Insiders sold a total of 16,512 shares of company stock worth $2,144,972 in the last three months. 0.30% of the stock is owned by corporate insiders.

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.