EOG Resources, Inc. (NYSE:EOG) Shares Purchased by Czech National Bank

Czech National Bank increased its position in EOG Resources, Inc. (NYSE:EOG) by 5.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 115,848 shares of the energy exploration company’s stock after acquiring an additional 6,331 shares during the period. Czech National Bank’s holdings in EOG Resources were worth $14,241,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in EOG Resources by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 54,275,932 shares of the energy exploration company’s stock worth $6,938,635,000 after buying an additional 146,674 shares during the last quarter. Capital Research Global Investors boosted its holdings in shares of EOG Resources by 1.3% during the 1st quarter. Capital Research Global Investors now owns 28,889,715 shares of the energy exploration company’s stock worth $3,693,261,000 after purchasing an additional 373,365 shares during the last quarter. Capital World Investors boosted its holdings in shares of EOG Resources by 5.4% during the 1st quarter. Capital World Investors now owns 26,782,454 shares of the energy exploration company’s stock worth $3,423,869,000 after purchasing an additional 1,361,538 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of EOG Resources by 2.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 12,311,541 shares of the energy exploration company’s stock valued at $1,549,098,000 after buying an additional 260,727 shares during the period. Finally, Capital International Investors raised its position in shares of EOG Resources by 7.1% during the 1st quarter. Capital International Investors now owns 11,564,463 shares of the energy exploration company’s stock valued at $1,478,401,000 after buying an additional 766,056 shares during the period. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on EOG. Sanford C. Bernstein cut their price objective on EOG Resources from $139.00 to $125.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 17th. KeyCorp started coverage on shares of EOG Resources in a research report on Thursday, June 27th. They set an “overweight” rating and a $157.00 price objective on the stock. Wolfe Research assumed coverage on EOG Resources in a research note on Thursday, July 18th. They set a “peer perform” rating for the company. StockNews.com cut EOG Resources from a “buy” rating to a “hold” rating in a report on Monday, September 16th. Finally, Barclays decreased their price target on EOG Resources from $144.00 to $137.00 and set an “equal weight” rating on the stock in a research note on Thursday. Fourteen research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, EOG Resources presently has a consensus rating of “Hold” and an average price target of $142.15.

EOG Resources Stock Up 1.8 %

EOG stock traded up $2.33 during trading hours on Friday, reaching $133.12. 2,720,440 shares of the stock were exchanged, compared to its average volume of 3,224,520. The firm’s 50-day moving average is $125.16 and its 200-day moving average is $126.91. EOG Resources, Inc. has a 12 month low of $108.94 and a 12 month high of $139.67. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.12 and a quick ratio of 1.89. The company has a market cap of $76.51 billion, a price-to-earnings ratio of 10.52, a PEG ratio of 3.27 and a beta of 1.28.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.98 by $0.18. EOG Resources had a net margin of 30.33% and a return on equity of 25.42%. The firm had revenue of $6.03 billion during the quarter, compared to the consensus estimate of $6.07 billion. During the same period last year, the business posted $2.49 earnings per share. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. On average, equities research analysts expect that EOG Resources, Inc. will post 11.91 earnings per share for the current year.

EOG Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 17th will be issued a dividend of $0.91 per share. The ex-dividend date of this dividend is Thursday, October 17th. This represents a $3.64 annualized dividend and a dividend yield of 2.73%. EOG Resources’s dividend payout ratio is presently 28.75%.

Insider Transactions at EOG Resources

In related news, Director Charles R. Crisp sold 6,500 shares of EOG Resources stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $125.60, for a total value of $816,400.00. Following the transaction, the director now directly owns 60,892 shares of the company’s stock, valued at $7,648,035.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the business’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $126.48, for a total transaction of $505,920.00. Following the sale, the chief operating officer now owns 35,058 shares of the company’s stock, valued at approximately $4,434,135.84. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Charles R. Crisp sold 6,500 shares of the business’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $125.60, for a total transaction of $816,400.00. Following the sale, the director now directly owns 60,892 shares in the company, valued at approximately $7,648,035.20. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 21,537 shares of company stock valued at $2,751,612. 0.30% of the stock is currently owned by company insiders.

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.