Swiss National Bank Sells 96,300 Shares of EOG Resources, Inc. $EOG

Swiss National Bank lowered its position in EOG Resources, Inc. (NYSE:EOG) by 5.8% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,573,300 shares of the energy exploration company’s stock after selling 96,300 shares during the period. Swiss National Bank’s holdings in EOG Resources were worth $176,398,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in EOG. Cullen Capital Management LLC boosted its stake in shares of EOG Resources by 4.7% in the 2nd quarter. Cullen Capital Management LLC now owns 576,470 shares of the energy exploration company’s stock worth $68,952,000 after buying an additional 25,753 shares during the last quarter. Rockland Trust Co. increased its position in shares of EOG Resources by 5.1% during the third quarter. Rockland Trust Co. now owns 246,326 shares of the energy exploration company’s stock valued at $27,618,000 after acquiring an additional 11,965 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S lifted its holdings in EOG Resources by 21.0% during the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 65,820 shares of the energy exploration company’s stock worth $7,380,000 after acquiring an additional 11,442 shares during the period. Railway Pension Investments Ltd lifted its holdings in EOG Resources by 6.9% during the second quarter. Railway Pension Investments Ltd now owns 449,100 shares of the energy exploration company’s stock worth $53,717,000 after acquiring an additional 28,800 shares during the period. Finally, AlphaQuest LLC boosted its position in EOG Resources by 1,413.5% in the third quarter. AlphaQuest LLC now owns 25,533 shares of the energy exploration company’s stock worth $2,863,000 after purchasing an additional 23,846 shares during the last quarter. 89.91% of the stock is owned by institutional investors.

EOG Resources Price Performance

EOG stock opened at $131.48 on Tuesday. The firm has a 50 day moving average of $114.32 and a 200-day moving average of $112.17. The firm has a market capitalization of $70.54 billion, a P/E ratio of 14.43 and a beta of 0.44. EOG Resources, Inc. has a 12 month low of $101.59 and a 12 month high of $134.36. The company has a current ratio of 1.63, a quick ratio of 1.42 and a debt-to-equity ratio of 0.27.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Tuesday, February 24th. The energy exploration company reported $2.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $0.07. The company had revenue of $5.64 billion during the quarter, compared to analyst estimates of $5.36 billion. EOG Resources had a return on equity of 18.67% and a net margin of 22.00%.The firm’s quarterly revenue was up .9% on a year-over-year basis. During the same quarter last year, the company earned $2.74 earnings per share. As a group, sell-side analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Thursday, April 16th will be paid a $1.02 dividend. The ex-dividend date of this dividend is Thursday, April 16th. This represents a $4.08 annualized dividend and a yield of 3.1%. EOG Resources’s dividend payout ratio is currently 44.79%.

Insider Buying and Selling

In other news, COO Jeffrey R. Leitzell sold 2,000 shares of the company’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $125.00, for a total value of $250,000.00. Following the completion of the sale, the chief operating officer owned 61,481 shares of the company’s stock, valued at approximately $7,685,125. This represents a 3.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 7,774 shares of company stock worth $945,895 in the last quarter. 0.13% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

EOG has been the subject of a number of recent analyst reports. KeyCorp downgraded EOG Resources from an “overweight” rating to a “sector weight” rating in a research note on Friday, January 16th. Sanford C. Bernstein reissued a “market perform” rating and issued a $126.00 price target (down from $144.00) on shares of EOG Resources in a report on Monday, January 5th. Royal Bank Of Canada set a $138.00 price target on shares of EOG Resources and gave the company an “outperform” rating in a research report on Tuesday, January 13th. Raymond James Financial raised their price objective on shares of EOG Resources from $153.00 to $157.00 and gave the stock a “strong-buy” rating in a report on Friday, February 13th. Finally, Johnson Rice lowered their price objective on shares of EOG Resources from $145.00 to $135.00 and set a “hold” rating on the stock in a research report on Friday, December 5th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seventeen have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $135.77.

EOG Resources 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.