Swiss National Bank Acquires 90,200 Shares of EOG Resources, Inc. $EOG

Swiss National Bank increased its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 5.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,669,600 shares of the energy exploration company’s stock after purchasing an additional 90,200 shares during the period. Swiss National Bank owned approximately 0.31% of EOG Resources worth $199,701,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Oak Thistle LLC bought a new position in EOG Resources in the first quarter valued at approximately $403,000. AE Wealth Management LLC increased its position in shares of EOG Resources by 96.3% during the first quarter. AE Wealth Management LLC now owns 4,204 shares of the energy exploration company’s stock worth $539,000 after acquiring an additional 2,062 shares in the last quarter. Advisor OS LLC raised its holdings in shares of EOG Resources by 3.7% during the first quarter. Advisor OS LLC now owns 2,853 shares of the energy exploration company’s stock worth $366,000 after acquiring an additional 102 shares during the period. Avantax Advisory Services Inc. lifted its position in EOG Resources by 2.2% in the 1st quarter. Avantax Advisory Services Inc. now owns 78,125 shares of the energy exploration company’s stock valued at $10,019,000 after acquiring an additional 1,685 shares in the last quarter. Finally, Cetera Investment Advisers boosted its stake in EOG Resources by 19.1% in the 1st quarter. Cetera Investment Advisers now owns 130,249 shares of the energy exploration company’s stock worth $16,703,000 after purchasing an additional 20,903 shares during the period. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have issued reports on EOG. Siebert Williams Shank dropped their price target on EOG Resources from $155.00 to $145.00 and set a “buy” rating on the stock in a research note on Monday, October 13th. BMO Capital Markets reduced their price objective on EOG Resources from $134.00 to $130.00 in a research report on Tuesday, November 11th. Wolfe Research dropped their target price on EOG Resources from $139.00 to $138.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 1st. Roth Capital cut their target price on EOG Resources from $126.00 to $114.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 15th. Finally, KeyCorp reduced their price target on EOG Resources from $140.00 to $138.00 and set an “overweight” rating for the company in a research report on Wednesday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and sixteen have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $140.33.

EOG Resources Trading Up 0.9%

Shares of EOG Resources stock opened at $106.98 on Friday. The stock has a market cap of $58.05 billion, a P/E ratio of 10.40, a P/E/G ratio of 8.20 and a beta of 0.72. The company has a quick ratio of 1.61, a current ratio of 1.79 and a debt-to-equity ratio of 0.12. EOG Resources, Inc. has a 12-month low of $102.52 and a 12-month high of $138.18. The business’s 50 day moving average is $109.93 and its 200-day moving average is $115.33.

EOG Resources (NYSE:EOG) last issued its earnings results on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share for the quarter, topping analysts’ consensus estimates of $2.42 by $0.29. EOG Resources had a net margin of 25.25% and a return on equity of 20.51%. The business had revenue of $5.85 billion for the quarter, compared to the consensus estimate of $5.48 billion. During the same period in the previous year, the company earned $2.89 earnings per share. The firm’s revenue for the quarter was down 2.0% on a year-over-year basis. Equities research analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Friday, January 16th will be paid a dividend of $1.02 per share. The ex-dividend date is Friday, January 16th. This represents a $4.08 annualized dividend and a dividend yield of 3.8%. EOG Resources’s payout ratio is currently 40.64%.

EOG Resources 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.