B. Metzler seel. Sohn & Co. AG Boosts Stock Holdings in EOG Resources, Inc. $EOG

B. Metzler seel. Sohn & Co. AG increased its position in shares of EOG Resources, Inc. (NYSE:EOG) by 128.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,306 shares of the energy exploration company’s stock after purchasing an additional 18,720 shares during the period. B. Metzler seel. Sohn & Co. AG’s holdings in EOG Resources were worth $4,271,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Banque Cantonale Vaudoise purchased a new position in EOG Resources during the first quarter worth about $26,000. Alpine Bank Wealth Management purchased a new position in EOG Resources during the first quarter worth about $34,000. Ameriflex Group Inc. purchased 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. 89.91% of the stock is owned by hedge funds and other institutional investors.

EOG Resources Stock Up 1.3%

EOG stock opened at $122.86 on Thursday. The company’s 50 day simple moving average is $120.06 and its 200-day simple moving average is $119.04. The firm has a market capitalization of $67.08 billion, a PE ratio of 11.94, a P/E/G ratio of 9.26 and a beta of 0.80. EOG Resources, Inc. has a 12 month low of $102.52 and a 12 month high of $138.18. 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 released its quarterly 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. The business had revenue of $5.48 billion for the quarter, compared to analyst estimates of $5.45 billion. EOG Resources had a net margin of 25.25% and a return on equity of 20.51%. The company’s quarterly revenue was down 9.1% on a year-over-year basis. During the same period in the prior year, the business earned $3.16 earnings per share. Equities analysts expect that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 17th will be given a $1.02 dividend. This is a boost from EOG Resources’s previous quarterly dividend of $0.98. This represents a $4.08 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Friday, October 17th. EOG Resources’s dividend payout ratio (DPR) is currently 37.90%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Melius assumed coverage on shares of EOG Resources in a research report on Wednesday, August 20th. They set a “buy” rating and a $173.00 target price on the stock. Barclays upped their target price on shares of EOG Resources from $137.00 to $140.00 and gave the stock an “equal weight” rating in a research report on Monday, June 2nd. Bank of America lowered their target price on shares of EOG Resources from $125.00 to $124.00 and set a “neutral” rating on the stock in a research report on Friday, May 23rd. Mizuho lowered their target price on shares of EOG Resources from $140.00 to $134.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 13th. Finally, Royal Bank Of Canada lowered their target price on shares of EOG Resources from $145.00 to $140.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and twelve have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, EOG Resources has an average rating of “Moderate Buy” and a consensus target price of $143.61.

Insider Activity at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 3,951 shares of the stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $119.65, for a total transaction of $472,737.15. Following the transaction, the chief operating officer owned 45,739 shares of the company’s stock, valued at $5,472,671.35. This trade represents a 7.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.13% of the stock is owned by corporate 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.