Credit Agricole S A Has $18.61 Million Stake in EOG Resources, Inc. $EOG

Credit Agricole S A decreased its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 2.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 145,110 shares of the energy exploration company’s stock after selling 2,897 shares during the quarter. Credit Agricole S A’s holdings in EOG Resources were worth $18,609,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Banque Cantonale Vaudoise acquired a new position in EOG Resources during the first quarter worth about $26,000. Alpine Bank Wealth Management acquired a new position in EOG Resources during the first quarter worth about $34,000. Ameriflex Group Inc. acquired a new position in EOG Resources during the fourth quarter worth about $36,000. 10Elms LLP acquired a new position in EOG Resources during the fourth quarter worth about $44,000. Finally, Stone House Investment Management LLC acquired a new position in EOG Resources during the first quarter worth about $48,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

Insider Transactions at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 3,951 shares of the business’s stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $119.65, for a total value of $472,737.15. Following the transaction, the chief operating officer directly owned 45,739 shares of the company’s stock, valued at approximately $5,472,671.35. The trade was a 7.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.13% of the company’s stock.

EOG Resources Stock Performance

Shares of EOG stock opened at $118.2950 on Thursday. The business’s 50 day simple moving average is $120.31 and its 200 day simple moving average is $119.25. EOG Resources, Inc. has a one year low of $102.52 and a one year high of $138.18. The stock has a market capitalization of $64.59 billion, a PE ratio of 11.50, a PEG ratio of 8.96 and a beta of 0.80. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.79 and a quick ratio of 1.61.

EOG Resources (NYSE:EOG) last announced its earnings results on Thursday, August 7th. The energy exploration company reported $2.32 EPS for the quarter, beating the consensus estimate of $2.14 by $0.18. EOG Resources had a return on equity of 20.51% and a net margin of 25.25%.The business had revenue of $5.48 billion for the quarter, compared to analysts’ expectations of $5.45 billion. During the same period in the prior year, the business posted $3.16 earnings per share. The firm’s revenue was down 9.1% on a year-over-year basis. As a group, research analysts forecast that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 17th will be paid a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 3.4%. This is a boost from EOG Resources’s previous quarterly dividend of $0.98. The ex-dividend date of this dividend is Friday, October 17th. EOG Resources’s payout ratio is presently 37.90%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on EOG. Melius Research began coverage on EOG Resources in a report on Wednesday. They set a “buy” rating and a $173.00 price target on the stock. Piper Sandler reduced their price target on EOG Resources from $138.00 to $136.00 and set a “neutral” rating on the stock in a report on Thursday, July 17th. Melius began coverage on EOG Resources in a report on Wednesday. They set a “buy” rating and a $173.00 price target on the stock. Roth Capital cut EOG Resources from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $140.00 to $134.00 in a report on Wednesday, July 9th. Finally, Mizuho reduced their price target on EOG Resources from $140.00 to $134.00 and set a “neutral” rating on the stock in a report on Tuesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $143.61.

EOG Resources Company 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.