Czech National Bank Raises Stake in EOG Resources, Inc. $EOG

Czech National Bank boosted its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 2.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 151,607 shares of the energy exploration company’s stock after buying an additional 3,833 shares during the quarter. Czech National Bank’s holdings in EOG Resources were worth $19,668,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Arrowstreet Capital Limited Partnership increased its stake in shares of EOG Resources by 898.6% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,420,839 shares of the energy exploration company’s stock worth $205,411,000 after acquiring an additional 1,278,555 shares during the period. Franklin Resources Inc. raised its holdings in shares of EOG Resources by 24.2% during the fourth quarter. Franklin Resources Inc. now owns 6,443,453 shares of the energy exploration company’s stock worth $676,627,000 after purchasing an additional 1,257,110 shares during the last quarter. First Trust Advisors LP lifted its position in EOG Resources by 70.5% during the fourth quarter. First Trust Advisors LP now owns 2,977,912 shares of the energy exploration company’s stock valued at $312,711,000 after purchasing an additional 1,231,366 shares during the period. Marshall Wace LLP lifted its position in EOG Resources by 474.7% during the fourth quarter. Marshall Wace LLP now owns 1,318,254 shares of the energy exploration company’s stock valued at $138,430,000 after purchasing an additional 1,088,867 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in EOG Resources by 23.9% in the fourth quarter. Bank of New York Mellon Corp now owns 4,669,969 shares of the energy exploration company’s stock valued at $490,394,000 after purchasing an additional 901,897 shares during the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

EOG Resources Trading Down 1.2%

Shares of EOG stock opened at $134.61 on Friday. EOG Resources, Inc. has a 1-year low of $101.59 and a 1-year high of $151.87. The firm has a market cap of $70.60 billion, a PE ratio of 10.48 and a beta of 0.25. The company has a 50-day moving average of $137.23 and a two-hundred day moving average of $132.37. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.85 and a quick ratio of 1.53.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.97 by $0.10. The business had revenue of $8.62 billion for the quarter, compared to the consensus estimate of $8.04 billion. EOG Resources had a net margin of 25.44% and a return on equity of 23.44%. The business’s revenue was up 57.4% on a year-over-year basis. During the same period in the previous year, the firm earned $2.32 EPS. On average, analysts predict that EOG Resources, Inc. will post 16.3 EPS for the current year.

EOG Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Friday, October 16th will be issued a $1.02 dividend. The ex-dividend date is Friday, October 16th. This represents a $4.08 dividend on an annualized basis and a yield of 3.0%. EOG Resources’s dividend payout ratio (DPR) is 40.16%.

Analyst Ratings Changes

EOG has been the topic of several analyst reports. Wells Fargo & Company set a $196.00 price target on EOG Resources and gave the stock an “overweight” rating in a research report on Wednesday, May 13th. UBS Group lowered their price target on EOG Resources from $168.00 to $158.00 and set a “buy” rating on the stock in a research note on Thursday, July 2nd. Scotiabank increased their price objective on shares of EOG Resources from $123.00 to $139.00 and gave the company a “sector perform” rating in a report on Wednesday, April 22nd. The Goldman Sachs Group cut their price objective on shares of EOG Resources from $139.00 to $129.00 and set a “neutral” rating for the company in a research report on Tuesday, June 30th. Finally, Truist Financial increased their price target on shares of EOG Resources from $134.00 to $153.00 and gave the company a “hold” rating in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and seventeen have given a Hold rating to the stock. Based on data from MarketBeat.com, EOG Resources has an average rating of “Hold” and an average price target of $156.32.

EOG Resources Profile

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand?alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.