Swiss National Bank Has $230.21 Million Stake in EOG Resources, Inc. $EOG

Swiss National Bank increased its position in shares of EOG Resources, Inc. (NYSE:EOG) by 6.4% during the first quarter, HoldingsChannel reports. The fund owned 1,592,400 shares of the energy exploration company’s stock after buying an additional 96,200 shares during the quarter. Swiss National Bank’s holdings in EOG Resources were worth $230,213,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of EOG. Twin Capital Management Inc. raised its position in EOG Resources by 0.3% in the first quarter. Twin Capital Management Inc. now owns 23,980 shares of the energy exploration company’s stock valued at $3,467,000 after purchasing an additional 79 shares during the last quarter. Hardy Reed LLC boosted its stake in shares of EOG Resources by 3.8% during the first quarter. Hardy Reed LLC now owns 2,251 shares of the energy exploration company’s stock valued at $325,000 after purchasing an additional 82 shares in the last quarter. Fulton Bank N.A. grew its holdings in shares of EOG Resources by 2.1% during the first quarter. Fulton Bank N.A. now owns 4,577 shares of the energy exploration company’s stock worth $662,000 after purchasing an additional 93 shares during the last quarter. Ethos Financial Group LLC grew its holdings in shares of EOG Resources by 2.5% during the fourth quarter. Ethos Financial Group LLC now owns 4,180 shares of the energy exploration company’s stock worth $439,000 after purchasing an additional 100 shares during the last quarter. Finally, NovaPoint Capital LLC increased its stake in shares of EOG Resources by 0.3% in the first quarter. NovaPoint Capital LLC now owns 31,621 shares of the energy exploration company’s stock valued at $4,571,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Price Performance

Shares of EOG opened at $139.80 on Monday. EOG Resources, Inc. has a 1 year low of $101.59 and a 1 year high of $151.87. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.72 and a quick ratio of 1.53. The company has a market capitalization of $74.46 billion, a price-to-earnings ratio of 13.76 and a beta of 0.25. The business has a 50-day moving average of $135.91 and a 200-day moving average of $128.72.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Tuesday, May 5th. The energy exploration company reported $3.41 EPS for the quarter, topping analysts’ consensus estimates of $3.23 by $0.18. EOG Resources had a return on equity of 19.25% and a net margin of 23.01%.The company had revenue of $6.92 billion for the quarter, compared to analyst estimates of $6.18 billion. During the same period in the previous year, the firm earned $2.87 earnings per share. The firm’s quarterly revenue was up 22.1% on a year-over-year basis. As a group, equities research analysts anticipate that EOG Resources, Inc. will post 16.19 earnings per share for the current year.

EOG Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 17th will be given a $1.02 dividend. The ex-dividend date is Friday, July 17th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.9%. EOG Resources’s payout ratio is 40.16%.

Analysts Set New Price Targets

EOG has been the subject of a number of research reports. Zacks Research lowered shares of EOG Resources from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 27th. Wells Fargo & Company set a $196.00 target price on shares of EOG Resources and gave the stock an “overweight” rating in a report on Wednesday, May 13th. Capital One Financial decreased their price target on shares of EOG Resources from $161.00 to $159.00 and set an “overweight” rating for the company in a research report on Wednesday, June 3rd. UBS Group dropped their price target on shares of EOG Resources from $168.00 to $158.00 and set a “buy” rating for the company in a research note on Thursday, July 2nd. Finally, Stephens cut their price target on shares of EOG Resources from $170.00 to $167.00 in a report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and sixteen have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $155.04.

EOG Resources Company Profile

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.