Commerzbank Aktiengesellschaft FI Increases Stock Position in EOG Resources, Inc. (NYSE:EOG)

Commerzbank Aktiengesellschaft FI lifted its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 46.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 4,448 shares of the energy exploration company’s stock after acquiring an additional 1,413 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in EOG Resources were worth $537,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of EOG. Financial Life Planners purchased a new stake in shares of EOG Resources during the 4th quarter valued at approximately $25,000. Y.D. More Investments Ltd lifted its stake in EOG Resources by 149.4% in the 4th quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company’s stock worth $25,000 after purchasing an additional 121 shares in the last quarter. Decker Retirement Planning Inc. purchased a new stake in EOG Resources in the 4th quarter worth approximately $27,000. Keystone Financial Group Inc. purchased a new stake in EOG Resources in the 4th quarter worth approximately $27,000. Finally, Capital Performance Advisors LLP purchased a new stake in EOG Resources in the 3rd quarter worth approximately $31,000. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the firm’s stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $120.89, for a total value of $483,560.00. Following the sale, the chief operating officer now owns 42,703 shares of the company’s stock, valued at $5,162,365.67. This trade represents a 8.56 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.30% of the company’s stock.

EOG Resources Price Performance

EOG stock opened at $122.21 on Wednesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. EOG Resources, Inc. has a 52 week low of $115.40 and a 52 week high of $139.67. The firm’s fifty day moving average is $129.34 and its 200 day moving average is $127.80. The firm has a market cap of $68.74 billion, a P/E ratio of 9.84, a P/E/G ratio of 3.58 and a beta of 1.27.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Friday, February 28th. The energy exploration company reported $2.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.55 by $0.19. The business had revenue of $5.59 billion for the quarter, compared to analyst estimates of $5.96 billion. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. Research analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources announced that its board has approved a stock buyback program on Thursday, November 7th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the energy exploration company to purchase up to 7% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.

EOG Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be issued a $0.975 dividend. This represents a $3.90 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date of this dividend is Wednesday, April 16th. EOG Resources’s dividend payout ratio (DPR) is presently 34.73%.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Piper Sandler increased their target price on shares of EOG Resources from $140.00 to $141.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Barclays lowered their target price on shares of EOG Resources from $148.00 to $146.00 and set an “equal weight” rating on the stock in a research note on Friday, February 28th. Bank of America reiterated a “neutral” rating and issued a $144.00 target price (down from $151.00) on shares of EOG Resources in a research note on Monday, January 13th. UBS Group decreased their price target on shares of EOG Resources from $165.00 to $160.00 and set a “buy” rating on the stock in a report on Tuesday. Finally, Morgan Stanley decreased their price target on shares of EOG Resources from $143.00 to $142.00 and set an “equal weight” rating on the stock in a report on Monday. Twelve 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 stock. Based on data from MarketBeat.com, EOG Resources presently has a consensus rating of “Moderate Buy” and an average target price of $146.10.

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.