Swiss National Bank Has $176.40 Million Stock Holdings in EOG Resources, Inc. $EOG

Swiss National Bank trimmed its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 5.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,573,300 shares of the energy exploration company’s stock after selling 96,300 shares during the quarter. Swiss National Bank owned approximately 0.29% of EOG Resources worth $176,398,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in EOG. JCIC Asset Management Inc. bought a new stake in EOG Resources in the third quarter valued at approximately $32,000. Twin Peaks Wealth Advisors LLC bought a new position in EOG Resources during the 2nd quarter worth approximately $35,000. Salomon & Ludwin LLC lifted its position in shares of EOG Resources by 122.8% in the 3rd quarter. Salomon & Ludwin LLC now owns 323 shares of the energy exploration company’s stock worth $36,000 after purchasing an additional 178 shares during the period. Mountain Hill Investment Partners Corp. acquired a new position in shares of EOG Resources in the 3rd quarter worth approximately $37,000. Finally, Quent Capital LLC bought a new stake in shares of EOG Resources in the 3rd quarter valued at $37,000. 89.91% of the stock is owned by institutional investors and hedge funds.

EOG Resources Trading Up 0.0%

EOG opened at $131.48 on Tuesday. EOG Resources, Inc. has a fifty-two week low of $101.59 and a fifty-two week high of $134.36. The firm has a market capitalization of $70.54 billion, a PE ratio of 14.43 and a beta of 0.44. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.63 and a quick ratio of 1.42. The company’s 50-day moving average is $114.32 and its 200 day moving average is $112.17.

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

EOG Resources Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Morgan Stanley set a $128.00 price objective on shares of EOG Resources and gave the stock an “equal weight” rating in a research report on Friday, January 23rd. Raymond James Financial boosted their target price on shares of EOG Resources from $153.00 to $157.00 and gave the company a “strong-buy” rating in a report on Friday, February 13th. Johnson Rice cut their price target 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. Roth Mkm reiterated a “neutral” rating and set a $110.00 price target on shares of EOG Resources in a report on Wednesday, February 25th. Finally, Wolfe Research boosted their price objective on EOG Resources from $140.00 to $152.00 in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seventeen have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $135.77.

Insider Activity

In related news, COO Jeffrey R. Leitzell sold 2,000 shares of the company’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $125.00, for a total transaction of $250,000.00. Following the completion of the sale, the chief operating officer owned 61,481 shares in the company, valued at approximately $7,685,125. This represents a 3.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders sold a total of 7,774 shares of company stock worth $945,895 over the last 90 days. 0.13% of the stock is owned by insiders.

About EOG Resources

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.