Bank Julius Baer & Co. Ltd Zurich Buys 2,158 Shares of EOG Resources, Inc. (NYSE:EOG)

Bank Julius Baer & Co. Ltd Zurich increased its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 0.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 579,297 shares of the energy exploration company’s stock after acquiring an additional 2,158 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in EOG Resources were worth $70,066,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of EOG. McIlrath & Eck LLC raised its position in EOG Resources by 77.6% in the 3rd quarter. McIlrath & Eck LLC now owns 238 shares of the energy exploration company’s stock valued at $30,000 after purchasing an additional 104 shares during the last quarter. Exchange Traded Concepts LLC raised its position in EOG Resources by 530.0% in the 4th quarter. Exchange Traded Concepts LLC now owns 252 shares of the energy exploration company’s stock valued at $30,000 after purchasing an additional 212 shares during the last quarter. Peoples Bank KS bought a new position in EOG Resources in the 3rd quarter valued at $31,000. Hall Laurie J Trustee bought a new position in EOG Resources in the 4th quarter valued at $36,000. Finally, Keener Financial Planning LLC bought a new position in EOG Resources in the 4th quarter valued at $36,000. Institutional investors own 89.91% of the company’s stock.

EOG Resources Price Performance

Shares of NYSE EOG traded down $0.20 during trading hours on Thursday, reaching $135.40. 3,444,537 shares of the stock traded hands, compared to its average volume of 3,376,448. The company has a market capitalization of $77.88 billion, a P/E ratio of 10.40 and a beta of 1.40. The company has a quick ratio of 2.13, a current ratio of 2.44 and a debt-to-equity ratio of 0.13. EOG Resources, Inc. has a 52-week low of $106.32 and a 52-week high of $139.67. The company’s 50-day simple moving average is $124.83 and its two-hundred day simple moving average is $122.36.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Friday, February 23rd. The energy exploration company reported $3.07 EPS for the quarter, missing analysts’ consensus estimates of $3.14 by ($0.07). The company had revenue of $6.36 billion during the quarter, compared to analysts’ expectations of $6.18 billion. EOG Resources had a return on equity of 25.38% and a net margin of 31.40%. EOG Resources’s revenue for the quarter was down 5.4% on a year-over-year basis. During the same period last year, the firm earned $3.30 earnings per share. Equities research analysts forecast that EOG Resources, Inc. will post 12.29 EPS for the current year.

EOG Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 16th will be given a $0.91 dividend. The ex-dividend date of this dividend is Monday, April 15th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.69%. EOG Resources’s dividend payout ratio is currently 27.98%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. StockNews.com upgraded EOG Resources from a “hold” rating to a “buy” rating in a research report on Monday. Piper Sandler lifted their price objective on EOG Resources from $141.00 to $153.00 and gave the stock an “overweight” rating in a research note on Friday, April 19th. Citigroup lifted their price objective on EOG Resources from $120.00 to $124.00 and gave the stock a “neutral” rating in a research note on Monday, March 18th. Susquehanna boosted their target price on EOG Resources from $147.00 to $155.00 and gave the company a “positive” rating in a research note on Monday. Finally, Morgan Stanley upped their price objective on EOG Resources from $132.00 to $133.00 and gave the stock an “equal weight” rating in a research report on Monday, April 15th. Twelve research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, EOG Resources presently has an average rating of “Moderate Buy” and a consensus price target of $142.19.

EOG Resources Company Profile

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.