EOG Resources, Inc. $EOG Stock Purchased by Vontobel Holding Ltd.

Vontobel Holding Ltd. boosted its holdings in EOG Resources, Inc. (NYSE:EOG) by 12.4% during the third quarter, HoldingsChannel.com reports. The fund owned 141,584 shares of the energy exploration company’s stock after acquiring an additional 15,594 shares during the period. Vontobel Holding Ltd.’s holdings in EOG Resources were worth $19,505,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Jupiter Topco LLC bought a new stake in shares of EOG Resources during the second quarter valued at about $138,987,000. Punch & Associates Investment Management Inc. acquired a new stake in EOG Resources in the second quarter worth about $11,746,000. Parvin Asset Management LLC acquired a new stake in EOG Resources in the second quarter worth about $1,743,000. Transamerica Financial Advisors LLC bought a new position in EOG Resources in the 2nd quarter valued at about $1,051,000. Finally, Rakuten Investment Management Inc. bought a new position in EOG Resources in the 2nd quarter valued at about $11,517,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

EOG Resources Stock Up 3.5%

Shares of EOG stock opened at $157.97 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.68 and a current ratio of 1.85. The stock has a market cap of $82.86 billion, a PE ratio of 12.29, a price-to-earnings-growth ratio of 0.57 and a beta of 0.36. The business’s fifty day moving average is $145.98 and its 200-day moving average is $140.29. EOG Resources, Inc. has a 1 year low of $101.59 and a 1 year high of $158.37.

EOG Resources (NYSE:EOG) last announced its earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share for the quarter, beating the consensus estimate of $4.97 by $0.10. EOG Resources had a return on equity of 23.44% and a net margin of 25.44%. The business had revenue of $8.62 billion during the quarter, compared to analysts’ expectations of $8.04 billion. During the same quarter last year, the business posted $2.32 earnings per share. The company’s quarterly revenue was up 57.4% on a year-over-year basis. Equities analysts expect that EOG Resources, Inc. will post 17.48 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 16th will be given a $1.02 dividend. The ex-dividend date is Friday, October 16th. This represents a $4.08 annualized dividend and a yield of 2.6%. EOG Resources’s payout ratio is 31.75%.

Insiders Place Their Bets

In other news, CEO Ezra Y. Yacob sold 35,942 shares of the firm’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $152.10, for a total transaction of $5,466,778.20. Following the completion of the transaction, the chief executive officer owned 242,451 shares in the company, valued at approximately $36,876,797.10. This trade represents a 12.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Michael P. Donaldson sold 7,336 shares of the firm’s stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $148.00, for a total transaction of $1,085,728.00. Following the transaction, the executive vice president owned 100,558 shares of the company’s stock, valued at approximately $14,882,584. This trade represents a 6.80% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 52,317 shares of company stock worth $7,823,480. 0.14% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on EOG shares. Roth Capital reissued a “neutral” rating and set a $138.00 target price on shares of EOG Resources in a research note on Wednesday, August 5th. Seaport Research Partners initiated coverage on shares of EOG Resources in a research report on Thursday, September 3rd. They set a “neutral” rating on the stock. Wall Street Zen raised shares of EOG Resources from a “hold” rating to a “buy” rating in a research note on Saturday, September 26th. Weiss Ratings raised shares of EOG Resources from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, September 8th. Finally, Stifel Nicolaus began coverage on shares of EOG Resources in a report on Thursday, September 10th. They issued a “hold” rating and a $158.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eighteen have assigned a Hold rating to the stock. According to MarketBeat, EOG Resources currently has a consensus rating of “Hold” and a consensus price target of $160.56.

EOG Resources Company Profile

EOG Resources, Inc is an independent exploration and production company engaged in finding, developing, producing and marketing crude oil, natural gas liquids and natural gas. Its operations focus on large, high-quality onshore and international assets, supported by technical expertise in horizontal drilling and hydraulic fracturing.

The company’s principal U.S. activities are concentrated in major shale and onshore plays, including the Delaware Basin, Eagle Ford and other producing regions in Texas and the Rocky Mountains.