Baader Bank Aktiengesellschaft Buys New Stake in EOG Resources, Inc. (NYSE:EOG)

Baader Bank Aktiengesellschaft acquired a new stake in shares of EOG Resources, Inc. (NYSE:EOG) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 5,449 shares of the energy exploration company’s stock, valued at approximately $685,000.

Other institutional investors also recently added to or reduced their stakes in the company. Capital World Investors increased its position in shares of EOG Resources by 59.2% during the 4th quarter. Capital World Investors now owns 25,420,916 shares of the energy exploration company’s stock worth $3,074,660,000 after purchasing an additional 9,455,621 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in shares of EOG Resources by 26.3% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,948,119 shares of the energy exploration company’s stock worth $598,475,000 after acquiring an additional 1,029,727 shares in the last quarter. Capital International Investors boosted its holdings in shares of EOG Resources by 7.1% in the 1st quarter. Capital International Investors now owns 11,564,463 shares of the energy exploration company’s stock worth $1,478,401,000 after acquiring an additional 766,056 shares in the last quarter. Capital Research Global Investors grew its position in EOG Resources by 1.3% during the 1st quarter. Capital Research Global Investors now owns 28,889,715 shares of the energy exploration company’s stock worth $3,693,261,000 after acquiring an additional 373,365 shares during the last quarter. Finally, Canada Pension Plan Investment Board increased its holdings in EOG Resources by 67.3% during the 1st quarter. Canada Pension Plan Investment Board now owns 843,682 shares of the energy exploration company’s stock valued at $107,856,000 after purchasing an additional 339,480 shares in the last quarter. 89.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on EOG. TD Cowen lifted their price target on EOG Resources from $130.00 to $144.00 and gave the company a “hold” rating in a report on Tuesday, April 30th. UBS Group lowered their price target on shares of EOG Resources from $169.00 to $166.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Citigroup boosted their target price on EOG Resources from $124.00 to $130.00 and gave the stock a “neutral” rating in a research report on Friday, May 24th. Truist Financial decreased their price target on EOG Resources from $136.00 to $130.00 and set a “hold” rating on the stock in a report on Monday, July 22nd. Finally, Bank of America restated a “buy” rating and set a $151.00 target price on shares of EOG Resources in a research report on Friday, June 14th. Fourteen investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $144.10.

Insiders Place Their Bets

In related news, CEO Ezra Y. Yacob sold 4,729 shares of the company’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $129.31, for a total transaction of $611,506.99. Following the sale, the chief executive officer now owns 150,474 shares in the company, valued at $19,457,792.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $126.48, for a total transaction of $505,920.00. Following the completion of the sale, the chief operating officer now owns 35,058 shares of the company’s stock, valued at approximately $4,434,135.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ezra Y. Yacob sold 4,729 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $129.31, for a total value of $611,506.99. Following the sale, the chief executive officer now owns 150,474 shares of the company’s stock, valued at approximately $19,457,792.94. The disclosure for this sale can be found here. Insiders own 0.30% of the company’s stock.

EOG Resources Stock Up 1.2 %

EOG stock traded up $1.56 during mid-day trading on Thursday, hitting $128.10. 2,037,689 shares of the company were exchanged, compared to its average volume of 3,189,883. The firm has a market cap of $73.62 billion, a P/E ratio of 10.00, a P/E/G ratio of 2.15 and a beta of 1.30. EOG Resources, Inc. has a 1-year low of $108.94 and a 1-year high of $139.67. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.05 and a current ratio of 2.32. The firm’s 50 day simple moving average is $125.09 and its 200 day simple moving average is $124.45.

EOG Resources (NYSE:EOG) last released its earnings results on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.98 by $0.18. EOG Resources had a return on equity of 25.65% and a net margin of 30.33%. The firm had revenue of $6.03 billion during the quarter, compared to analysts’ expectations of $6.07 billion. During the same quarter in the prior year, the company earned $2.49 EPS. The company’s revenue was up 8.1% on a year-over-year basis. On average, sell-side analysts predict that EOG Resources, Inc. will post 12.13 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 17th will be paid a $0.91 dividend. The ex-dividend date of this dividend is Thursday, October 17th. This represents a $3.64 annualized dividend and a yield of 2.84%. EOG Resources’s payout ratio is currently 28.75%.

EOG Resources Company 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.