Swiss National Bank Reduces Position in EOG Resources, Inc. (NYSE:EOG)

Swiss National Bank trimmed its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 5.8% during the fourth quarter, Holdings Channel reports. The fund owned 1,606,300 shares of the energy exploration company’s stock after selling 99,500 shares during the quarter. Swiss National Bank’s holdings in EOG Resources were worth $196,900,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Financial Life Planners bought a new stake in EOG Resources in the fourth quarter valued at about $25,000. Y.D. More Investments Ltd increased its holdings in EOG Resources by 149.4% in 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 during the last quarter. Mainstream Capital Management LLC bought a new stake in EOG Resources in the fourth quarter valued at about $25,000. Decker Retirement Planning Inc. bought a new stake in EOG Resources in the fourth quarter valued at about $27,000. Finally, Keystone Financial Group Inc. bought a new stake in EOG Resources in the fourth quarter valued at about $27,000. 89.91% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on EOG shares. Mizuho lowered their target price on EOG Resources from $156.00 to $148.00 and set an “outperform” rating for the company in a report on Monday, December 16th. UBS Group lowered their target price on EOG Resources from $165.00 to $160.00 and set a “buy” rating for the company in a report on Tuesday, March 4th. Wolfe Research raised EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 target price for the company in a report on Friday, January 3rd. JPMorgan Chase & Co. lowered their target price on EOG Resources from $149.00 to $132.00 and set a “neutral” rating for the company in a report on Thursday. Finally, Truist Financial upped their target price on EOG Resources from $135.00 to $137.00 and gave the company a “hold” rating in a report on Monday, January 13th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, EOG Resources presently has a consensus rating of “Hold” and a consensus price target of $145.86.

EOG Resources Stock Performance

EOG opened at $121.01 on Friday. The company has a market capitalization of $67.03 billion, a price-to-earnings ratio of 9.74, a price-to-earnings-growth ratio of 3.58 and a beta of 1.25. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. EOG Resources, Inc. has a 1-year low of $115.78 and a 1-year high of $139.67. The business has a 50 day moving average price of $129.60 and a two-hundred day moving average price of $127.66.

EOG Resources (NYSE:EOG) last released its earnings results on Friday, February 28th. The energy exploration company reported $2.74 earnings per share for the quarter, topping analysts’ consensus estimates of $2.55 by $0.19. The firm had revenue of $5.59 billion during 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%. Research analysts predict that EOG Resources, Inc. will post 11.47 EPS 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 given a $0.975 dividend. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $3.90 dividend on an annualized basis and a yield of 3.22%. EOG Resources’s dividend payout ratio (DPR) is 34.73%.

Insider Activity

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $120.89, for a total transaction of $483,560.00. Following the completion of the sale, the chief operating officer now owns 42,703 shares in the company, valued at approximately $5,162,365.67. This represents a 8.56 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.30% of the company’s stock.

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.