Bank Julius Baer & Co. Ltd Zurich Has $94.47 Million Position in EOG Resources, Inc. (NYSE:EOG)

Bank Julius Baer & Co. Ltd Zurich cut its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 5.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 730,311 shares of the energy exploration company’s stock after selling 42,622 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in EOG Resources were worth $94,467,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Harbor Capital Advisors Inc. acquired a new position in EOG Resources during the third quarter valued at approximately $47,000. Van ECK Associates Corp increased its position in shares of EOG Resources by 1.7% during the 3rd quarter. Van ECK Associates Corp now owns 38,231 shares of the energy exploration company’s stock worth $4,768,000 after purchasing an additional 654 shares during the last quarter. Graypoint LLC increased its position in shares of EOG Resources by 18.0% during the 3rd quarter. Graypoint LLC now owns 4,043 shares of the energy exploration company’s stock worth $497,000 after purchasing an additional 618 shares during the last quarter. Montecito Bank & Trust boosted its holdings in shares of EOG Resources by 27.3% in the 3rd quarter. Montecito Bank & Trust now owns 6,872 shares of the energy exploration company’s stock valued at $845,000 after buying an additional 1,472 shares during the last quarter. Finally, Hara Capital LLC bought a new position in shares of EOG Resources in the third quarter valued at $102,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have issued reports on EOG shares. Raymond James upped their price target on shares of EOG Resources from $167.00 to $175.00 and gave the stock a “strong-buy” rating in a research report on Thursday, January 23rd. Barclays dropped their target price on shares of EOG Resources from $148.00 to $146.00 and set an “equal weight” rating on the stock in a report on Friday, February 28th. Citigroup lifted their price target on EOG Resources from $127.00 to $134.00 and gave the stock a “neutral” rating in a report on Tuesday, November 26th. Wells Fargo & Company upgraded EOG Resources from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $147.00 to $150.00 in a research note on Tuesday, December 17th. Finally, Bank of America reiterated a “neutral” rating and set a $144.00 target price (down from $151.00) on shares of EOG Resources in a research note on Monday, January 13th. Twelve research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, EOG Resources presently has an average rating of “Moderate Buy” and a consensus target price of $145.80.

Insider Activity

In related news, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $120.89, for a total value of $483,560.00. Following the transaction, the chief operating officer now directly owns 42,703 shares of the company’s stock, valued at $5,162,365.67. This trade represents a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.30% of the company’s stock.

EOG Resources Stock Up 2.6 %

NYSE EOG opened at $125.41 on Friday. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. The company has a market cap of $70.53 billion, a price-to-earnings ratio of 10.10, a PEG ratio of 3.58 and a beta of 1.27. The company has a 50 day moving average of $129.50 and a 200-day moving average of $127.71. EOG Resources, Inc. has a 1-year low of $115.78 and a 1-year high of $139.67.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Friday, February 28th. The energy exploration company reported $2.74 earnings per share for the quarter, beating the consensus estimate of $2.55 by $0.19. The firm had revenue of $5.59 billion during the quarter, compared to analysts’ expectations of $5.96 billion. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. On average, equities research analysts expect that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be issued a $0.975 dividend. This represents a $3.90 annualized dividend and a yield of 3.11%. The ex-dividend date is Wednesday, April 16th. EOG Resources’s dividend payout ratio is currently 34.73%.

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.