Universal Beteiligungs und Servicegesellschaft mbH Trims Stake in EOG Resources, Inc. $EOG

Universal Beteiligungs und Servicegesellschaft mbH lessened its position in shares of EOG Resources, Inc. (NYSE:EOG) by 3.5% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 178,293 shares of the energy exploration company’s stock after selling 6,509 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in EOG Resources were worth $21,326,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in EOG. Nuveen LLC acquired a new stake in shares of EOG Resources in the first quarter valued at approximately $451,908,000. Charles Schwab Investment Management Inc. raised its position in EOG Resources by 6.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 19,380,866 shares of the energy exploration company’s stock valued at $2,485,402,000 after purchasing an additional 1,188,552 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in EOG Resources during the 1st quarter worth $81,752,000. LSV Asset Management grew its position in EOG Resources by 290.5% during the 1st quarter. LSV Asset Management now owns 687,446 shares of the energy exploration company’s stock worth $88,158,000 after purchasing an additional 511,418 shares during the last quarter. Finally, Jupiter Asset Management Ltd. grew its position in EOG Resources by 122.6% during the 2nd quarter. Jupiter Asset Management Ltd. now owns 907,231 shares of the energy exploration company’s stock worth $108,514,000 after purchasing an additional 499,610 shares during the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Stock Performance

NYSE EOG opened at $109.63 on Wednesday. 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 business’s 50 day moving average is $110.70 and its two-hundred day moving average is $115.46. EOG Resources, Inc. has a 12-month low of $102.52 and a 12-month high of $138.18. The stock has a market capitalization of $59.49 billion, a price-to-earnings ratio of 10.65, a PEG ratio of 8.20 and a beta of 0.72.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Thursday, November 6th. The energy exploration company reported $2.71 EPS for the quarter, beating the consensus estimate of $2.42 by $0.29. EOG Resources had a return on equity of 20.51% and a net margin of 25.25%.The business had revenue of $5.85 billion during the quarter, compared to analysts’ expectations of $5.48 billion. During the same period last year, the firm earned $2.89 EPS. The company’s quarterly revenue was down 2.0% compared to the same quarter last year. Research analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Friday, January 16th will be given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Friday, January 16th. EOG Resources’s payout ratio is presently 40.64%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on EOG shares. Royal Bank Of Canada upped their target price on shares of EOG Resources from $140.00 to $145.00 and gave the company an “outperform” rating in a report on Tuesday, October 7th. Melius initiated coverage on EOG Resources in a research note on Wednesday, August 20th. They set a “buy” rating and a $173.00 price objective for the company. Evercore ISI increased their price objective on EOG Resources from $141.00 to $149.00 and gave the stock an “outperform” rating in a research report on Monday, October 6th. KeyCorp dropped their target price on EOG Resources from $140.00 to $138.00 and set an “overweight” rating on the stock in a report on Wednesday, September 3rd. Finally, Wolfe Research cut their price target on EOG Resources from $139.00 to $138.00 and set an “outperform” rating for the company in a research note on Wednesday, October 1st. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and fifteen have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $140.12.

About EOG Resources

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.