J. Safra Sarasin Holding AG Has $958,000 Holdings in EOG Resources, Inc. $EOG

J. Safra Sarasin Holding AG increased its holdings in EOG Resources, Inc. (NYSE:EOG) by 95.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,127 shares of the energy exploration company’s stock after purchasing an additional 4,455 shares during the period. J. Safra Sarasin Holding AG’s holdings in EOG Resources were worth $958,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Capital World Investors raised its holdings in EOG Resources by 1.4% during the third quarter. Capital World Investors now owns 54,907,949 shares of the energy exploration company’s stock valued at $6,156,495,000 after buying an additional 782,426 shares in the last quarter. Capital Research Global Investors lifted its position in shares of EOG Resources by 0.5% in the third quarter. Capital Research Global Investors now owns 24,926,659 shares of the energy exploration company’s stock worth $2,794,784,000 after buying an additional 122,486 shares during the last quarter. Alliancebernstein L.P. boosted its stake in shares of EOG Resources by 4.2% during the 2nd quarter. Alliancebernstein L.P. now owns 6,159,281 shares of the energy exploration company’s stock worth $736,712,000 after acquiring an additional 249,984 shares in the last quarter. Northern Trust Corp boosted its stake in shares of EOG Resources by 0.8% during the 3rd quarter. Northern Trust Corp now owns 5,974,950 shares of the energy exploration company’s stock worth $669,911,000 after acquiring an additional 49,987 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of EOG Resources by 6.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 5,972,687 shares of the energy exploration company’s stock valued at $669,727,000 after acquiring an additional 344,291 shares during the last quarter. 89.91% of the stock is owned by institutional investors and hedge funds.

EOG Resources News Roundup

Here are the key news stories impacting EOG Resources this week:

• Positive Sentiment: Multiple brokerages raised price targets today (BMO to $160/outperform; Stephens to $170; Piper Sandler and Mizuho to ~$147) — signals analyst confidence and possible upside over time. BMO raises PT to $160 Stephens raises PT to $170 Piper Sandler raises PT to $147 Mizuho raises PT on EBITDA outlook
• Neutral Sentiment: Consensus analyst stance remains mixed-to-cautious (average “Hold” and Citi “Hold”), which could limit immediate upside despite the target increases. Average recommendation “Hold” Citi assigns Hold
• Negative Sentiment: Crude oil prices fell after reports President Trump said Iran asked for a cease-fire and other headlines suggesting a quicker end to the Iran conflict; Brent and WTI slid below recent levels, removing a key commodity catalyst and pressuring EOG shares today. Oil Prices Fall on Fresh Hopes for a Swift End to Iran War Trump Says Iran Has Asked for a Cease-Fire

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Piper Sandler raised their price objective on EOG Resources from $144.00 to $147.00 and gave the company a “neutral” rating in a research note on Wednesday. Wells Fargo & Company upped their target price on EOG Resources from $127.00 to $155.00 and gave the stock an “overweight” rating in a research report on Monday, March 16th. Weiss Ratings reissued a “hold (c)” rating on shares of EOG Resources in a research report on Thursday, January 22nd. JPMorgan Chase & Co. boosted their price objective on shares of EOG Resources from $115.00 to $125.00 and gave the stock a “neutral” rating in a research note on Thursday, February 26th. Finally, BMO Capital Markets upped their price objective on shares of EOG Resources from $140.00 to $160.00 and gave the stock an “outperform” rating in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eighteen have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $145.04.

EOG Resources Price Performance

NYSE EOG opened at $140.52 on Thursday. The stock has a 50-day simple moving average of $125.64 and a 200 day simple moving average of $114.40. EOG Resources, Inc. has a twelve month low of $101.59 and a twelve month high of $151.87. The stock has a market capitalization of $75.28 billion, a PE ratio of 15.42, a P/E/G ratio of 3.10 and a beta of 0.32. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.42 and a current ratio of 1.63.

EOG Resources (NYSE:EOG) last released its earnings results on Tuesday, February 24th. The energy exploration company reported $2.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.20 by $0.07. The firm had revenue of $5.64 billion for the quarter, compared to analyst estimates of $5.36 billion. EOG Resources had a return on equity of 18.67% and a net margin of 22.00%.The company’s revenue was up .9% on a year-over-year basis. During the same quarter last year, the firm posted $2.74 EPS. Research analysts anticipate that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Thursday, April 16th will be paid a $1.02 dividend. The ex-dividend date is Thursday, April 16th. This represents a $4.08 annualized dividend and a dividend yield of 2.9%. EOG Resources’s dividend payout ratio (DPR) is presently 44.79%.

Insider Buying and Selling at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 2,000 shares of the business’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $130.00, for a total transaction of $260,000.00. Following the transaction, the chief operating officer owned 88,045 shares of the company’s stock, valued at approximately $11,445,850. The trade was a 2.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Ann D. Janssen sold 4,161 shares of the company’s stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $140.04, for a total transaction of $582,706.44. Following the transaction, the chief financial officer owned 100,246 shares of the company’s stock, valued at approximately $14,038,449.84. The trade was a 3.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 12,532 shares of company stock worth $1,666,045. 0.13% of the stock is currently owned by corporate insiders.

EOG Resources Company 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.