Swiss National Bank Acquires 90,200 Shares of EOG Resources, Inc. $EOG

by · The Cerbat Gem

Swiss National Bank boosted its holdings in EOG Resources, Inc. (NYSE:EOG – Free Report) by 5.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,669,600 shares of the energy exploration company’s stock after acquiring an additional 90,200 shares during the period. Swiss National Bank’s holdings in EOG Resources were worth $199,701,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Kiker Wealth Management LLC bought a new position in EOG Resources during the 2nd quarter worth $627,000. Vanguard Personalized Indexing Management LLC boosted its position in shares of EOG Resources by 9.1% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 61,742 shares of the energy exploration company’s stock valued at $7,386,000 after acquiring an additional 5,156 shares during the period. Canada Pension Plan Investment Board grew its stake in shares of EOG Resources by 30.1% in the first quarter. Canada Pension Plan Investment Board now owns 195,782 shares of the energy exploration company’s stock valued at $25,107,000 after acquiring an additional 45,295 shares in the last quarter. Jump Financial LLC acquired a new position in shares of EOG Resources in the first quarter valued at about $2,796,000. Finally, FORA Capital LLC bought a new position in EOG Resources during the first quarter worth about $472,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Stock Performance

Shares of EOG Resources stock opened at $106.98 on Friday. The company has a current ratio of 1.79, a quick ratio of 1.61 and a debt-to-equity ratio of 0.12. The company has a market cap of $58.05 billion, a PE ratio of 10.40, a price-to-earnings-growth ratio of 8.20 and a beta of 0.72. The company has a 50 day moving average of $109.93 and a 200-day moving average of $115.33. EOG Resources, Inc. has a 1-year low of $102.52 and a 1-year high of $138.18.

EOG Resources (NYSE:EOG – Get Free Report) last announced its quarterly earnings data on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.42 by $0.29. EOG Resources had a net margin of 25.25% and a return on equity of 20.51%. The business had revenue of $5.85 billion for the quarter, compared to analysts’ expectations of $5.48 billion. During the same period last year, the firm posted $2.89 earnings per share. The firm’s quarterly revenue was down 2.0% compared to the same quarter last year. As a group, equities research analysts forecast that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Friday, January 16th will be paid a $1.02 dividend. The ex-dividend date is Friday, January 16th. This represents a $4.08 annualized dividend and a dividend yield of 3.8%. EOG Resources’s dividend payout ratio (DPR) is presently 40.64%.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Wells Fargo & Company dropped their price objective on shares of EOG Resources from $127.00 to $126.00 and set an “overweight” rating for the company in a research note on Tuesday, November 11th. Piper Sandler dropped their price target on shares of EOG Resources from $129.00 to $124.00 and set a “neutral” rating for the company in a research report on Tuesday. Melius Research initiated coverage on EOG Resources in a research note on Wednesday, August 20th. They issued a “buy” rating and a $173.00 price target for the company. UBS Group increased their price target on EOG Resources from $142.00 to $144.00 and gave the stock a “buy” rating in a research report on Wednesday, August 20th. Finally, Siebert Williams Shank dropped their price objective on EOG Resources from $155.00 to $145.00 and set a “buy” rating for the company in a report on Monday, October 13th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and sixteen have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $140.33.

Read Our Latest Report on EOG

About EOG Resources

(Free Report)

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.

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