EOG Resources, Inc. (NYSE:EOG) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 33.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 266,538 shares of the energy exploration company’s stock after purchasing an additional 67,423 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in EOG Resources were worth $33,549,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in EOG. Federated Hermes Inc. increased its holdings in EOG Resources by 15.4% during the 4th quarter. Federated Hermes Inc. now owns 11,324 shares of the energy exploration company’s stock valued at $1,370,000 after acquiring an additional 1,512 shares in the last quarter. Truist Financial Corp lifted its stake in EOG Resources by 5.1% in the 4th quarter. Truist Financial Corp now owns 180,488 shares of the energy exploration company’s stock valued at $21,830,000 after buying an additional 8,746 shares in the last quarter. Valmark Advisers Inc. purchased a new stake in EOG Resources in the 4th quarter valued at approximately $446,000. Chase Investment Counsel Corp grew its holdings in EOG Resources by 1.4% during the 4th quarter. Chase Investment Counsel Corp now owns 10,614 shares of the energy exploration company’s stock valued at $1,283,000 after buying an additional 150 shares during the last quarter. Finally, Adell Harriman & Carpenter Inc. raised its holdings in shares of EOG Resources by 15.3% in the fourth quarter. Adell Harriman & Carpenter Inc. now owns 7,031 shares of the energy exploration company’s stock worth $850,000 after acquiring an additional 931 shares during the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Insider Buying and Selling

In other EOG Resources news, EVP Michael P. Donaldson sold 11,037 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $129.50, for a total value of $1,429,291.50. Following the transaction, the executive vice president now owns 74,250 shares in the company, valued at $9,615,375. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, COO Jeffrey R. Leitzell sold 4,000 shares of the company’s stock in a transaction 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 completion of the sale, the chief operating officer now directly owns 35,058 shares in the company, valued at $4,434,135.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Michael P. Donaldson sold 11,037 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $129.50, for a total value of $1,429,291.50. Following the transaction, the executive vice president now owns 74,250 shares in the company, valued at $9,615,375. The disclosure for this sale can be found here. Over the last three months, insiders sold 21,537 shares of company stock worth $2,751,612. 0.30% of the stock is owned by company insiders.

EOG Resources Stock Performance

Shares of EOG traded up $1.26 during trading hours on Thursday, reaching $129.98. 3,141,285 shares of the company’s stock traded hands, compared to its average volume of 3,138,828. EOG Resources, Inc. has a twelve month low of $108.94 and a twelve month high of $139.67. The firm has a market capitalization of $74.70 billion, a price-to-earnings ratio of 10.27, a P/E/G ratio of 2.15 and a beta of 1.30. The business’s fifty day simple moving average is $126.55 and its two-hundred day simple moving average is $125.48. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.32 and a quick ratio of 2.05.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.98 by $0.18. The firm had revenue of $6.03 billion for the quarter, compared to analyst estimates of $6.07 billion. EOG Resources had a net margin of 30.33% and a return on equity of 25.65%. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.49 earnings per share. Analysts predict that EOG Resources, Inc. will post 12.13 earnings per share for the current year.

EOG Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 17th will be paid a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 2.80%. The ex-dividend date is Thursday, October 17th. EOG Resources’s dividend payout ratio is currently 28.75%.

Analyst Ratings Changes

A number of research firms recently commented on EOG. Scotiabank dropped their price objective on EOG Resources from $155.00 to $150.00 and set a “sector perform” rating for the company in a research report on Friday, July 12th. Royal Bank of Canada reiterated a “sector perform” rating and set a $147.00 price target on shares of EOG Resources in a report on Wednesday, July 10th. Citigroup upped their price objective on shares of EOG Resources from $124.00 to $130.00 and gave the company a “neutral” rating in a research note on Friday, May 24th. KeyCorp initiated coverage on shares of EOG Resources in a research note on Thursday, June 27th. They issued an “overweight” rating and a $157.00 target price for the company. Finally, Mizuho increased their price target on EOG Resources from $140.00 to $156.00 and gave the stock a “buy” rating in a research note on Monday, May 13th. Thirteen equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, EOG Resources currently has an average rating of “Hold” and a consensus price target of $144.00.

About EOG Resources

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.