Zurcher Kantonalbank Zurich Cantonalbank Has $33.81 Million Stock Position in EOG Resources, Inc. (NYSE:EOG)

Zurcher Kantonalbank Zurich Cantonalbank reduced its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 0.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 275,850 shares of the energy exploration company’s stock after selling 1,757 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in EOG Resources were worth $33,814,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of EOG. Financial Life Planners bought a new position in EOG Resources during the fourth quarter valued at about $25,000. Y.D. More Investments Ltd raised its holdings in EOG Resources by 149.4% during the fourth quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company’s stock valued at $25,000 after buying an additional 121 shares in the last quarter. Mainstream Capital Management LLC bought a new position in EOG Resources during the fourth quarter valued at about $25,000. Decker Retirement Planning Inc. bought a new position in EOG Resources during the fourth quarter valued at about $27,000. Finally, Keystone Financial Group Inc. bought a new position in EOG Resources during the fourth quarter valued at about $27,000. 89.91% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Royal Bank of Canada upgraded EOG Resources from a “sector perform” rating to an “outperform” rating and raised their target price for the company from $150.00 to $155.00 in a report on Wednesday, February 12th. Raymond James lifted their price objective on EOG Resources from $167.00 to $175.00 and gave the stock a “strong-buy” rating in a research note on Thursday, January 23rd. StockNews.com lowered EOG Resources from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. Wolfe Research upgraded EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 price objective on the stock in a research note on Friday, January 3rd. Finally, Truist Financial lifted their price objective on EOG Resources from $135.00 to $137.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, EOG Resources has an average rating of “Hold” and a consensus price target of $146.19.

EOG Resources Stock Up 0.5 %

NYSE EOG opened at $125.83 on Tuesday. 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 stock’s 50 day moving average is $129.60 and its two-hundred day moving average is $127.75. The company has a market capitalization of $69.70 billion, a price-to-earnings ratio of 10.13, a PEG ratio of 3.58 and a beta of 1.25. EOG Resources, Inc. has a 1-year low of $115.78 and a 1-year high of $139.67.

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

EOG Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be issued a $0.975 dividend. This represents a $3.90 annualized dividend and a dividend yield of 3.10%. The ex-dividend date of this dividend is Wednesday, April 16th. EOG Resources’s payout ratio is currently 34.73%.

Insider Transactions at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 31st. The stock was 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. The trade was a 8.56 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.30% of the stock is owned by company insiders.

About EOG Resources

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.