EOG Resources, Inc. $EOG Stock: Vontobel Holding Ltd. Increases Position

Vontobel Holding Ltd. increased its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 12.4% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 141,584 shares of the energy exploration company’s stock after acquiring an additional 15,594 shares during the period. Vontobel Holding Ltd.’s holdings in EOG Resources were worth $19,505,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of EOG. TD Waterhouse Canada Inc. raised its stake in shares of EOG Resources by 1.5% during the third quarter. TD Waterhouse Canada Inc. now owns 38,568 shares of the energy exploration company’s stock valued at $5,467,000 after purchasing an additional 569 shares during the period. Perryman Financial Advisory Inc. AD lifted its position in shares of EOG Resources by 0.6% during the third quarter. Perryman Financial Advisory Inc. AD now owns 45,793 shares of the energy exploration company’s stock worth $6,309,000 after purchasing an additional 287 shares in the last quarter. Ellsworth Advisors LLC boosted its stake in shares of EOG Resources by 3.6% in the third quarter. Ellsworth Advisors LLC now owns 43,295 shares of the energy exploration company’s stock valued at $5,964,000 after purchasing an additional 1,503 shares during the period. V Square Quantitative Management LLC boosted its stake in shares of EOG Resources by 8.9% in the third quarter. V Square Quantitative Management LLC now owns 4,294 shares of the energy exploration company’s stock valued at $592,000 after purchasing an additional 352 shares during the period. Finally, Assenagon Asset Management S.A. boosted its stake in shares of EOG Resources by 5.1% in the third quarter. Assenagon Asset Management S.A. now owns 904,390 shares of the energy exploration company’s stock valued at $124,589,000 after purchasing an additional 44,110 shares during the period. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Wall Street Analysts Forecast Growth

EOG has been the topic of several analyst reports. Morgan Stanley lifted their price target on shares of EOG Resources from $157.00 to $163.00 and gave the stock an “equal weight” rating in a research note on Thursday. Mizuho set a $165.00 price objective on shares of EOG Resources in a research report on Thursday. Wells Fargo & Company reissued an “overweight” rating and issued a $193.00 price objective (down from $196.00) on shares of EOG Resources in a research report on Thursday, August 13th. Stifel Nicolaus initiated coverage on EOG Resources in a research note on Thursday, September 10th. They set a “hold” rating and a $158.00 target price for the company. Finally, Roth Capital reaffirmed a “neutral” rating and set a $138.00 target price on shares of EOG Resources in a research report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eighteen have assigned a Hold rating to the stock. Based on data from MarketBeat.com, EOG Resources currently has an average rating of “Hold” and an average price target of $160.56.

EOG Resources Stock Up 3.5%

NYSE:EOG opened at $157.97 on Friday. The company has a market capitalization of $82.86 billion, a price-to-earnings ratio of 12.29, a price-to-earnings-growth ratio of 0.57 and a beta of 0.36. EOG Resources, Inc. has a one year low of $101.59 and a one year high of $158.37. The stock has a 50-day simple moving average of $145.98 and a 200 day simple moving average of $140.29. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.68 and a current ratio of 1.85.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share for the quarter, beating the consensus estimate of $4.97 by $0.10. EOG Resources had a return on equity of 23.44% and a net margin of 25.44%. The firm had revenue of $8.62 billion during the quarter, compared to analyst estimates of $8.04 billion. During the same period in the previous year, the company earned $2.32 earnings per share. EOG Resources’s quarterly revenue was up 57.4% on a year-over-year basis. Sell-side analysts predict that EOG Resources, Inc. will post 17.48 EPS for the current fiscal year.

EOG Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 16th will be given a $1.02 dividend. The ex-dividend date is Friday, October 16th. This represents a $4.08 annualized dividend and a dividend yield of 2.6%. EOG Resources’s dividend payout ratio (DPR) is presently 31.75%.

Insider Transactions at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 9,039 shares of the business’s stock in a transaction that occurred on Friday, September 25th. The stock was sold at an average price of $140.61, for a total value of $1,270,973.79. Following the completion of the sale, the chief operating officer directly owned 90,790 shares in the company, valued at approximately $12,765,981.90. The trade was a 9.05% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Michael P. Donaldson sold 7,336 shares of the company’s stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $148.00, for a total value of $1,085,728.00. Following the sale, the executive vice president directly owned 100,558 shares in the company, valued at approximately $14,882,584. This represents a 6.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 52,317 shares of company stock worth $7,823,480. 0.14% of the stock is currently owned by corporate insiders.

About EOG Resources

EOG Resources, Inc is an independent exploration and production company engaged in finding, developing, producing and marketing crude oil, natural gas liquids and natural gas. Its operations focus on large, high-quality onshore and international assets, supported by technical expertise in horizontal drilling and hydraulic fracturing.

The company’s principal U.S. activities are concentrated in major shale and onshore plays, including the Delaware Basin, Eagle Ford and other producing regions in Texas and the Rocky Mountains.