Swedbank AB Sells 5,553 Shares of EOG Resources, Inc. $EOG

Swedbank AB decreased its holdings in EOG Resources, Inc. (NYSE:EOG) by 1.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 520,124 shares of the energy exploration company’s stock after selling 5,553 shares during the period. Swedbank AB owned about 0.10% of EOG Resources worth $75,194,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in EOG. Sivia Capital Partners LLC purchased a new stake in EOG Resources in the 2nd quarter valued at about $258,000. Quantbot Technologies LP purchased a new position in shares of EOG Resources during the second quarter worth approximately $349,000. Gamco Investors INC. ET AL raised its stake in shares of EOG Resources by 216.1% during the second quarter. Gamco Investors INC. ET AL now owns 6,560 shares of the energy exploration company’s stock valued at $785,000 after acquiring an additional 4,485 shares in the last quarter. NewEdge Advisors LLC raised its stake in shares of EOG Resources by 2.0% during the second quarter. NewEdge Advisors LLC now owns 22,780 shares of the energy exploration company’s stock valued at $2,725,000 after acquiring an additional 444 shares in the last quarter. Finally, Sei Investments Co. boosted its holdings in shares of EOG Resources by 4.4% in the second quarter. Sei Investments Co. now owns 362,446 shares of the energy exploration company’s stock valued at $43,356,000 after purchasing an additional 15,250 shares during the period. 89.91% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have commented on EOG. Stephens reduced their price objective on EOG Resources from $170.00 to $167.00 in a report on Wednesday, May 6th. Roth Capital reiterated a “neutral” rating and set a $136.00 target price on shares of EOG Resources in a report on Wednesday, May 6th. Jefferies Financial Group restated a “buy” rating and issued a $175.00 price target (up from $170.00) on shares of EOG Resources in a report on Thursday, July 2nd. Wells Fargo & Company set a $196.00 price target on shares of EOG Resources and gave the stock an “overweight” rating in a research report on Wednesday, May 13th. Finally, Wall Street Zen upgraded shares of EOG Resources from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and sixteen have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $155.25.

EOG Resources Stock Performance

Shares of EOG stock opened at $134.61 on Wednesday. EOG Resources, Inc. has a 12-month low of $101.59 and a 12-month high of $151.87. The business’s fifty day simple moving average is $135.65 and its 200-day simple moving average is $126.82. The company has a current ratio of 1.72, a quick ratio of 1.53 and a debt-to-equity ratio of 0.26. The company has a market cap of $71.70 billion, a PE ratio of 13.25 and a beta of 0.25.

EOG Resources (NYSE:EOG) last announced its earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share for the quarter, topping the consensus estimate of $3.23 by $0.18. EOG Resources had a return on equity of 19.25% and a net margin of 23.01%.The firm had revenue of $6.92 billion for the quarter, compared to the consensus estimate of $6.18 billion. During the same period in the previous year, the business earned $2.87 EPS. The firm’s revenue for the quarter was up 22.1% on a year-over-year basis. Analysts expect that EOG Resources, Inc. will post 16.23 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, July 31st. Stockholders of record on Friday, July 17th will be paid a dividend of $1.02 per share. The ex-dividend date is Friday, July 17th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.0%. EOG Resources’s payout ratio is presently 40.16%.

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.