Pictet Asset Management Holding SA Has $28.89 Million Holdings in EOG Resources, Inc. $EOG

Pictet Asset Management Holding SA trimmed its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 11.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 199,829 shares of the energy exploration company’s stock after selling 27,060 shares during the period. Pictet Asset Management Holding SA’s holdings in EOG Resources were worth $28,889,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Acumen Wealth Advisors LLC acquired a new position in EOG Resources in the fourth quarter worth $25,000. Prosperity Bancshares Inc acquired a new stake in shares of EOG Resources in the fourth quarter valued at $26,000. Gen Wealth Partners Inc acquired a new stake in shares of EOG Resources in the fourth quarter valued at $30,000. Nemes Rush Group LLC bought a new position in shares of EOG Resources in the fourth quarter valued at about $30,000. Finally, Olistico Wealth LLC bought a new position in shares of EOG Resources in the fourth quarter valued at about $33,000. 89.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on EOG shares. Wolfe Research increased their price objective on shares of EOG Resources from $152.00 to $154.00 and gave the stock an “outperform” rating in a report on Monday, April 6th. Capital One Financial dropped their target price on shares of EOG Resources from $161.00 to $159.00 and set an “overweight” rating for the company in a research note on Wednesday, June 3rd. Zacks Research lowered shares of EOG Resources from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 27th. Jefferies Financial Group increased their price target on shares of EOG Resources from $146.00 to $170.00 and gave the company a “buy” rating in a research note on Monday, April 13th. Finally, Wells Fargo & Company set a $196.00 price objective on shares of EOG Resources and gave the stock an “overweight” rating in a research report on Wednesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and sixteen have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $154.75.

EOG Resources Stock Performance

Shares of NYSE:EOG opened at $128.58 on Thursday. The company has a current ratio of 1.72, a quick ratio of 1.53 and a debt-to-equity ratio of 0.26. EOG Resources, Inc. has a 1-year low of $101.59 and a 1-year high of $151.87. The stock has a market capitalization of $68.49 billion, a P/E ratio of 12.66 and a beta of 0.25. The business has a 50-day moving average price of $135.79 and a two-hundred day moving average price of $126.08.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 EPS for the quarter, topping the consensus estimate of $3.23 by $0.18. The company had revenue of $6.92 billion during the quarter, compared to analysts’ expectations of $6.18 billion. EOG Resources had a net margin of 23.01% and a return on equity of 19.25%. EOG Resources’s revenue was up 22.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.87 EPS. Equities analysts predict that EOG Resources, Inc. will post 16.31 earnings per share for the current year.

EOG Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 17th will be paid a $1.02 dividend. The ex-dividend date of this dividend is Friday, July 17th. This represents a $4.08 dividend on an annualized basis and a yield of 3.2%. EOG Resources’s dividend payout ratio (DPR) is presently 40.16%.

About EOG Resources

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.