Deutsche Bank AG Makes New $251.10 Million Investment in EOG Resources, Inc. $EOG

Deutsche Bank AG purchased a new stake in EOG Resources, Inc. (NYSE:EOG) during the 2nd quarter, HoldingsChannel reports. The fund purchased 1,935,571 shares of the energy exploration company’s stock, valued at approximately $251,102,000.

Other large investors have also recently modified their holdings of the company. Perigon Wealth Management LLC purchased a new position in shares of EOG Resources during the second quarter worth about $487,000. Commerzbank Aktiengesellschaft FI bought a new position in shares of EOG Resources in the second quarter worth approximately $958,000. Phillips Wealth Planners LLC bought a new position in shares of EOG Resources in the second quarter worth approximately $234,000. Trust Co. of Vermont purchased a new stake in EOG Resources in the second quarter valued at approximately $250,000. Finally, Principle Wealth Partners LLC purchased a new stake in EOG Resources in the second quarter valued at approximately $301,000. Institutional investors own 89.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. UBS Group dropped their target price on shares of EOG Resources from $168.00 to $158.00 and set a “buy” rating for the company in a research report on Thursday, July 2nd. Sanford C. Bernstein decreased their price target on shares of EOG Resources from $167.00 to $155.00 and set a “market perform” rating on the stock in a report on Wednesday, May 20th. Capital One Financial lowered their price objective on shares of EOG Resources from $161.00 to $159.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 3rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of EOG Resources in a report on Friday, August 7th. Finally, JPMorgan Chase & Co. cut their target price on shares of EOG Resources from $148.00 to $142.00 and set a “neutral” rating for the company in a research report on Tuesday, June 30th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and seventeen have given a Hold rating to the stock. According to MarketBeat, EOG Resources currently has a consensus rating of “Hold” and an average price target of $156.00.

EOG Resources Stock Up 1.7%

Shares of NYSE EOG opened at $148.68 on Wednesday. EOG Resources, Inc. has a one year low of $101.59 and a one year high of $151.87. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.85 and a quick ratio of 1.68. The firm’s 50 day simple moving average is $137.92 and its two-hundred day simple moving average is $134.33. The stock has a market capitalization of $77.99 billion, a P/E ratio of 11.57 and a beta of 0.25.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share for the quarter, topping analysts’ consensus estimates of $4.97 by $0.10. EOG Resources had a net margin of 25.44% and a return on equity of 23.44%. The firm had revenue of $8.62 billion during the quarter, compared to analyst estimates of $8.04 billion. During the same period in the previous year, the business posted $2.32 EPS. The business’s quarterly revenue was up 57.4% on a year-over-year basis. As a group, analysts expect that EOG Resources, Inc. will post 16.43 EPS for the current fiscal year.

EOG Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 16th will be paid a $1.02 dividend. The ex-dividend date of this dividend is Friday, October 16th. This represents a $4.08 annualized dividend and a yield of 2.7%. EOG Resources’s payout ratio is currently 31.75%.

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.