UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Lowers Stake in EOG Resources, Inc. $EOG

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its position in EOG Resources, Inc. (NYSE:EOG) by 6.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,161,266 shares of the energy exploration company’s stock after selling 213,351 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.60% of EOG Resources worth $410,111,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. BlackRock Inc. acquired a new position in EOG Resources in the 2nd quarter valued at $5,905,587,000. State Street Corp lifted its stake in shares of EOG Resources by 0.3% during the 4th quarter. State Street Corp now owns 30,562,470 shares of the energy exploration company’s stock worth $3,209,365,000 after purchasing an additional 100,080 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of EOG Resources by 1.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 19,988,840 shares of the energy exploration company’s stock worth $2,099,028,000 after purchasing an additional 371,548 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of EOG Resources by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 13,046,709 shares of the energy exploration company’s stock worth $1,364,309,000 after purchasing an additional 95,260 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in shares of EOG Resources by 1.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,507,760 shares of the energy exploration company’s stock valued at $683,382,000 after purchasing an additional 122,112 shares during the period. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Trading Up 0.1%

NYSE EOG opened at $143.53 on Monday. The firm has a market capitalization of $75.29 billion, a price-to-earnings ratio of 11.17, a PEG ratio of 0.53 and a beta of 0.25. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.68 and a current ratio of 1.85. EOG Resources, Inc. has a one year low of $101.59 and a one year high of $153.67. The company’s 50 day moving average price is $140.20 and its 200 day moving average price is $136.35.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.97 by $0.10. EOG Resources had a net margin of 25.44% and a return on equity of 23.44%. The company had revenue of $8.62 billion during the quarter, compared to the consensus estimate of $8.04 billion. During the same period in the previous year, the firm earned $2.32 earnings per share. EOG Resources’s revenue for the quarter was up 57.4% on a year-over-year basis. On average, sell-side analysts predict that EOG Resources, Inc. will post 16.87 EPS for the current year.

EOG Resources Announces Dividend

The firm 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 dividend of $1.02 per share. The ex-dividend date is Friday, October 16th. This represents a $4.08 annualized dividend and a dividend yield of 2.8%. EOG Resources’s payout ratio is presently 31.75%.

Insiders Place Their Bets

In related news, CEO Ezra Y. Yacob sold 35,942 shares of the stock in a transaction on Monday, August 24th. The stock was sold at an average price of $152.10, for a total value of $5,466,778.20. Following the completion of the sale, the chief executive officer directly owned 242,451 shares in the company, valued at approximately $36,876,797.10. This represents a 12.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.14% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on EOG shares. The Goldman Sachs Group reissued a “neutral” rating and issued a $151.00 price target (up from $127.00) on shares of EOG Resources in a research note on Monday, August 24th. Stephens dropped their price objective on shares of EOG Resources from $170.00 to $167.00 in a research note on Wednesday, May 6th. UBS Group cut their price objective on shares of EOG Resources from $168.00 to $158.00 and set a “buy” rating on the stock in a report on Thursday, July 2nd. Truist Financial raised their target price on shares of EOG Resources from $134.00 to $153.00 and gave the stock a “hold” rating in a research report on Thursday, August 6th. Finally, Zacks Research downgraded shares of EOG Resources from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seventeen have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $156.33.

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.