EOG Resources, Inc. $EOG Shares Sold by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich lowered its position in shares of EOG Resources, Inc. (NYSE:EOG) by 1.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 789,139 shares of the energy exploration company’s stock after selling 8,704 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in EOG Resources were worth $83,045,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. JCIC Asset Management Inc. acquired a new position in shares of EOG Resources in the 3rd quarter valued at $32,000. Olistico Wealth LLC acquired a new position in shares of EOG Resources in the 4th quarter valued at $33,000. Physician Wealth Advisors Inc. boosted its holdings in shares of EOG Resources by 103.0% in the 4th quarter. Physician Wealth Advisors Inc. now owns 335 shares of the energy exploration company’s stock valued at $35,000 after purchasing an additional 170 shares during the last quarter. Mountain Hill Investment Partners Corp. acquired a new position in shares of EOG Resources in the 3rd quarter valued at $37,000. Finally, Quent Capital LLC acquired a new position in shares of EOG Resources in the 3rd quarter valued at $37,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

Insider Buying and Selling at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 5,698 shares of EOG Resources stock in a transaction on Tuesday, March 31st. The shares were sold at an average price of $150.32, for a total transaction of $856,523.36. Following the sale, the chief operating officer owned 88,045 shares of the company’s stock, valued at $13,234,924.40. The trade was a 6.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Ann D. Janssen sold 4,161 shares of EOG Resources stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $140.04, for a total transaction of $582,706.44. Following the sale, the chief financial officer directly owned 100,246 shares in the company, valued at $14,038,449.84. This trade represents a 3.99% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 18,230 shares of company stock worth $2,522,568 in the last 90 days. Company insiders own 0.14% of the company’s stock.

Wall Street Analysts Forecast Growth

EOG has been the topic of a number of research analyst reports. Scotiabank lifted their price target on shares of EOG Resources from $123.00 to $139.00 and gave the company a “sector perform” rating in a report on Wednesday, April 22nd. Wall Street Zen upgraded shares of EOG Resources from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Stephens decreased their price target on shares of EOG Resources from $170.00 to $167.00 in a report on Wednesday, May 6th. UBS Group lifted their price target on shares of EOG Resources from $141.00 to $149.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Finally, Wolfe Research lifted their price target on shares of EOG Resources from $152.00 to $154.00 and gave the company an “outperform” rating in a report on Monday, April 6th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seventeen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $154.21.

EOG Resources Stock Performance

NYSE:EOG opened at $134.96 on Thursday. The company has a current ratio of 1.72, a quick ratio of 1.53 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $71.88 billion, a price-to-earnings ratio of 13.28, a PEG ratio of 1.67 and a beta of 0.27. The firm’s fifty day simple moving average is $136.39 and its 200 day simple moving average is $119.06. EOG Resources, Inc. has a twelve month low of $101.59 and a twelve month high of $151.87.

EOG Resources (NYSE:EOG) last posted its earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share for the quarter, beating the consensus estimate of $3.23 by $0.18. The business had revenue of $6.92 billion for the quarter, compared to analyst estimates of $6.18 billion. EOG Resources had a net margin of 23.01% and a return on equity of 19.25%. The business’s quarterly revenue was up 22.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.87 EPS. As a group, equities research analysts expect that EOG Resources, Inc. will post 14.76 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 17th will be issued a dividend of $1.02 per share. The ex-dividend date is Friday, July 17th. This represents a $4.08 annualized dividend and a dividend yield of 3.0%. EOG Resources’s payout ratio is presently 40.16%.

Key EOG Resources News

Here are the key news stories impacting EOG Resources this week:

• Positive Sentiment: Goldman Sachs raised its price target on EOG Resources to $139 from $135 while keeping a neutral rating, signaling modest upside expectations and reinforcing investor interest in the stock. Goldman Sachs adjusts price target on EOG Resources to $139 from $135, maintains neutral rating
• Positive Sentiment: New articles from Zacks and MSN highlighted EOG as a top long-term momentum stock, which can attract momentum and growth investors looking for strong energy names. Why EOG Resources (EOG) is a Top Momentum Stock for the Long-Term
• Neutral Sentiment: EOG Resources announced it will present at the Bernstein Strategic Decisions Conference on May 27, keeping the company in front of investors but not changing fundamentals by itself. EOG Resources to Present at Upcoming Conference
• Neutral Sentiment: Broader energy-sector news, including APA’s earnings beat and SM Energy’s strong run, may be helping sentiment across oil and gas stocks, though these reports are not specific to EOG’s operations. APA Corporation Q1 Earnings Beat Estimates on Higher Oil Prices

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.