Universal Beteiligungs und Servicegesellschaft mbH Lowers Stake in EOG Resources, Inc. $EOG

Universal Beteiligungs und Servicegesellschaft mbH lessened its stake in EOG Resources, Inc. (NYSE:EOG) by 3.5% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 178,293 shares of the energy exploration company’s stock after selling 6,509 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in EOG Resources were worth $21,326,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of EOG Resources by 0.7% in the first quarter. Vanguard Group Inc. now owns 53,981,854 shares of the energy exploration company’s stock valued at $6,922,633,000 after buying an additional 348,895 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in EOG Resources by 6.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 19,380,866 shares of the energy exploration company’s stock worth $2,485,402,000 after acquiring an additional 1,188,552 shares in the last quarter. Northern Trust Corp boosted its holdings in EOG Resources by 6.3% during the 1st quarter. Northern Trust Corp now owns 6,077,928 shares of the energy exploration company’s stock valued at $779,433,000 after acquiring an additional 358,916 shares during the period. Alliancebernstein L.P. boosted its holdings in EOG Resources by 3.9% during the 1st quarter. Alliancebernstein L.P. now owns 5,909,297 shares of the energy exploration company’s stock valued at $757,808,000 after acquiring an additional 223,294 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in EOG Resources by 0.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,911,741 shares of the energy exploration company’s stock valued at $629,789,000 after acquiring an additional 36,777 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

EOG Resources Stock Up 0.1%

EOG Resources stock opened at $109.63 on Wednesday. The stock has a market cap of $59.49 billion, a PE ratio of 10.65, a P/E/G ratio of 8.20 and a beta of 0.72. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.79 and a quick ratio of 1.61. The stock’s fifty day moving average is $110.70 and its two-hundred day moving average is $115.46. EOG Resources, Inc. has a 1-year low of $102.52 and a 1-year high of $138.18.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Thursday, November 6th. The energy exploration company reported $2.71 EPS for the quarter, beating analysts’ consensus estimates of $2.42 by $0.29. EOG Resources had a return on equity of 20.51% and a net margin of 25.25%.The business had revenue of $5.85 billion for the quarter, compared to the consensus estimate of $5.48 billion. During the same quarter in the prior year, the business posted $2.89 EPS. The business’s revenue for the quarter was down 2.0% on a year-over-year basis. On average, sell-side analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Friday, January 16th will be issued a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, January 16th. This represents a $4.08 dividend on an annualized basis and a yield of 3.7%. EOG Resources’s dividend payout ratio (DPR) is presently 40.64%.

Analyst Ratings Changes

EOG has been the topic of several research reports. Royal Bank Of Canada increased their price target on shares of EOG Resources from $140.00 to $145.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 7th. Wolfe Research reduced their target price on shares of EOG Resources from $139.00 to $138.00 and set an “outperform” rating on the stock in a report on Wednesday, October 1st. Barclays set a $136.00 price target on shares of EOG Resources and gave the stock an “equal weight” rating in a research note on Tuesday, October 7th. Roth Capital decreased their target price on EOG Resources from $126.00 to $114.00 and set a “neutral” rating for the company in a report on Wednesday, October 15th. Finally, JPMorgan Chase & Co. lowered their target price on EOG Resources from $132.00 to $131.00 and set a “neutral” rating for the company in a research note on Wednesday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and fifteen have assigned a Hold rating to the company. According to data from MarketBeat.com, EOG Resources currently has a consensus rating of “Hold” and an average target price of $140.12.

About EOG Resources

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.