Zurcher Kantonalbank Zurich Cantonalbank Increases Position in EOG Resources, Inc. $EOG

Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of EOG Resources, Inc. (NYSE:EOG) by 41.7% during the fourth quarter, Holdings Channel reports. The firm owned 434,319 shares of the energy exploration company’s stock after acquiring an additional 127,758 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in EOG Resources were worth $45,608,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of EOG. Sivia Capital Partners LLC purchased a new stake in shares of EOG Resources in the 2nd quarter valued at $258,000. Quantbot Technologies LP acquired a new position in EOG Resources during the 2nd quarter worth about $349,000. Gamco Investors INC. ET AL boosted its holdings in EOG Resources by 216.1% during the 2nd quarter. Gamco Investors INC. ET AL now owns 6,560 shares of the energy exploration company’s stock valued at $785,000 after acquiring an additional 4,485 shares during the period. NewEdge Advisors LLC grew its position in EOG Resources by 2.0% in the 2nd quarter. NewEdge Advisors LLC now owns 22,780 shares of the energy exploration company’s stock valued at $2,725,000 after acquiring an additional 444 shares in the last quarter. Finally, Sei Investments Co. grew its position in EOG Resources by 4.4% in the 2nd quarter. Sei Investments Co. now owns 362,446 shares of the energy exploration company’s stock valued at $43,356,000 after acquiring an additional 15,250 shares in the last quarter. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CFO Ann D. Janssen sold 4,161 shares of the stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $140.04, for a total value of $582,706.44. Following the transaction, the chief financial officer owned 100,246 shares of the company’s stock, valued at $14,038,449.84. This represents a 3.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO Jeffrey R. Leitzell sold 5,698 shares of the stock in a transaction on Tuesday, March 31st. The shares were sold at an average price of $150.32, for a total value of $856,523.36. Following the completion of the transaction, the chief operating officer directly owned 88,045 shares in the company, valued at $13,234,924.40. This trade represents a 6.08% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 18,230 shares of company stock worth $2,522,568 over the last 90 days. Company insiders own 0.14% of the company’s stock.

Wall Street Analysts Forecast Growth

EOG has been the topic of several research reports. Sanford C. Bernstein increased their price target on shares of EOG Resources from $126.00 to $167.00 and gave the stock a “market perform” rating in a research report on Monday, April 13th. Truist Financial initiated coverage on shares of EOG Resources in a report on Tuesday, March 24th. They issued a “hold” rating and a $146.00 price objective for the company. Royal Bank Of Canada upped their target price on shares of EOG Resources from $138.00 to $175.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 8th. The Goldman Sachs Group reduced their target price on shares of EOG Resources from $125.00 to $123.00 and set a “neutral” rating on the stock in a report on Thursday, January 22nd. Finally, Wolfe Research raised their price target on shares of EOG Resources from $152.00 to $154.00 and gave the company an “outperform” rating in a research report on Monday, April 6th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eighteen have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $152.04.

EOG Resources Stock Performance

Shares of EOG Resources stock opened at $129.04 on Tuesday. EOG Resources, Inc. has a one year low of $101.59 and a one year high of $151.87. The company has a market cap of $69.13 billion, a PE ratio of 14.16, a P/E/G ratio of 2.57 and a beta of 0.32. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.42 and a current ratio of 1.63. The business has a 50-day simple moving average of $132.42 and a 200-day simple moving average of $116.31.

EOG Resources (NYSE:EOG) last issued its earnings results on Tuesday, February 24th. The energy exploration company reported $2.27 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.07. The firm had revenue of $5.64 billion for the quarter, compared to analysts’ expectations of $5.36 billion. EOG Resources had a net margin of 22.00% and a return on equity of 18.67%. The firm’s revenue was up .9% compared to the same quarter last year. During the same quarter last year, the company earned $2.74 earnings per share. On average, equities research analysts forecast that EOG Resources, Inc. will post 13.4 EPS for the current fiscal year.

EOG Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Thursday, April 16th will be given a $1.02 dividend. The ex-dividend date of this dividend is Thursday, April 16th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.2%. EOG Resources’s dividend payout ratio is currently 44.79%.

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.