Commerzbank Aktiengesellschaft FI Takes $958,000 Position in EOG Resources, Inc. $EOG

Commerzbank Aktiengesellschaft FI acquired a new stake in EOG Resources, Inc. (NYSE:EOG) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,386 shares of the energy exploration company’s stock, valued at approximately $958,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EOG. Acumen Wealth Advisors LLC acquired a new position in shares of EOG Resources in the 4th quarter valued at $25,000. SJS Investment Consulting Inc. lifted its position in EOG Resources by 225.5% in the first quarter. SJS Investment Consulting Inc. now owns 179 shares of the energy exploration company’s stock valued at $26,000 after buying an additional 124 shares during the last quarter. Prosperity Bancshares Inc acquired a new position in EOG Resources in the fourth quarter valued at about $26,000. Nemes Rush Group LLC acquired a new position in EOG Resources in the fourth quarter valued at about $30,000. Finally, Financial Life Planners purchased a new position in EOG Resources during the first quarter worth about $30,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Stock Up 1.7%

Shares of EOG opened at $148.68 on Wednesday. The stock has a market capitalization of $77.99 billion, a PE ratio of 11.57 and a beta of 0.25. EOG Resources, Inc. has a 1 year low of $101.59 and a 1 year high of $151.87. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.68 and a current ratio of 1.85. The company’s 50-day simple moving average is $137.92 and its 200-day simple moving average is $134.33.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share for the quarter, beating analysts’ consensus estimates of $4.97 by $0.10. The firm had revenue of $8.62 billion during the quarter, compared to analysts’ expectations of $8.04 billion. EOG Resources had a net margin of 25.44% and a return on equity of 23.44%. The business’s quarterly revenue was up 57.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.32 earnings per share. Analysts forecast that EOG Resources, Inc. will post 16.43 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, October 30th. Shareholders of record on Friday, October 16th will be given a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Friday, October 16th. EOG Resources’s dividend payout ratio (DPR) is currently 31.75%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on EOG. Wall Street Zen cut shares of EOG Resources from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Morgan Stanley lowered their price objective on shares of EOG Resources from $160.00 to $156.00 and set an “equal weight” rating for the company in a research report on Friday, June 26th. Jefferies Financial Group reiterated a “buy” rating and issued a $175.00 target price (up from $170.00) on shares of EOG Resources in a report on Thursday, July 2nd. The Goldman Sachs Group cut their target price on EOG Resources from $139.00 to $129.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 30th. Finally, Freedom Capital cut EOG Resources from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and seventeen have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $156.00.

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.