Bank Pictet & Cie Europe AG Buys 4,677 Shares of EOG Resources, Inc. (NYSE:EOG)

Bank Pictet & Cie Europe AG grew its stake in EOG Resources, Inc. (NYSE:EOG) by 4.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 114,501 shares of the energy exploration company’s stock after purchasing an additional 4,677 shares during the quarter. Bank Pictet & Cie Europe AG’s holdings in EOG Resources were worth $14,412,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Riverview Trust Co bought a new position in EOG Resources in the 2nd quarter worth $27,000. MFA Wealth Advisors LLC purchased a new stake in shares of EOG Resources in the 2nd quarter worth about $28,000. Gladius Capital Management LP purchased a new stake in shares of EOG Resources in the 2nd quarter worth about $30,000. Sachetta LLC purchased a new stake in shares of EOG Resources in the 4th quarter worth about $33,000. Finally, Triad Wealth Partners LLC purchased a new stake in shares of EOG Resources in the 2nd quarter worth about $35,000. 89.91% of the stock is currently owned by institutional investors.

Insider Transactions at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $126.48, for a total value of $505,920.00. Following the transaction, the chief operating officer now owns 35,058 shares in the company, valued at approximately $4,434,135.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $126.48, for a total transaction of $505,920.00. Following the sale, the chief operating officer now owns 35,058 shares in the company, valued at approximately $4,434,135.84. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Charles R. Crisp sold 6,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $125.60, for a total transaction of $816,400.00. Following the sale, the director now owns 60,892 shares in the company, valued at approximately $7,648,035.20. The disclosure for this sale can be found here. Company insiders own 0.30% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on EOG. KeyCorp began coverage on shares of EOG Resources in a research report on Thursday, June 27th. They issued an “overweight” rating and a $157.00 target price on the stock. Sanford C. Bernstein reduced their target price on shares of EOG Resources from $139.00 to $125.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 17th. Susquehanna increased their price objective on shares of EOG Resources from $155.00 to $159.00 and gave the company a “positive” rating in a research report on Monday, August 5th. Royal Bank of Canada reissued a “sector perform” rating and set a $147.00 price objective on shares of EOG Resources in a research report on Wednesday, July 10th. Finally, Citigroup increased their price objective on shares of EOG Resources from $124.00 to $130.00 and gave the company a “neutral” rating in a research report on Friday, May 24th. Fourteen research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, EOG Resources currently has a consensus rating of “Hold” and an average target price of $144.15.

EOG Resources Stock Performance

Shares of NYSE EOG traded up $1.68 during trading on Friday, reaching $126.90. 1,995,815 shares of the company traded hands, compared to its average volume of 3,158,795. The firm has a 50 day simple moving average of $125.96 and a 200-day simple moving average of $125.12. EOG Resources, Inc. has a 52-week low of $108.94 and a 52-week high of $139.67. The company has a quick ratio of 2.05, a current ratio of 2.32 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $72.93 billion, a PE ratio of 10.02, a P/E/G ratio of 2.15 and a beta of 1.30.

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

EOG Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 17th will be paid a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 2.87%. The ex-dividend date of this dividend is Thursday, October 17th. EOG Resources’s dividend payout ratio (DPR) is presently 28.75%.

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.