Union Bancaire Privee UBP SA Buys 79,788 Shares of EOG Resources, Inc. $EOG

Union Bancaire Privee UBP SA raised its stake in EOG Resources, Inc. (NYSE:EOG) by 41,556.2% during the first quarter, Holdings Channel reports. The fund owned 79,980 shares of the energy exploration company’s stock after buying an additional 79,788 shares during the period. Union Bancaire Privee UBP SA’s holdings in EOG Resources were worth $10,677,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Acumen Wealth Advisors LLC bought a new stake in shares of EOG Resources in the 4th quarter worth approximately $25,000. Prosperity Bancshares Inc bought a new position in EOG Resources during the fourth quarter valued at $26,000. Nemes Rush Group LLC purchased a new stake in EOG Resources in the fourth quarter worth $30,000. Gen Wealth Partners Inc purchased a new stake in EOG Resources in the fourth quarter worth $30,000. Finally, Olistico Wealth LLC purchased a new stake in EOG Resources in the fourth quarter worth $33,000. 89.91% of the stock is owned by institutional investors.

EOG Resources Price Performance

EOG Resources stock opened at $132.64 on Friday. EOG Resources, Inc. has a one year low of $101.59 and a one year high of $151.87. The business has a fifty day moving average price of $135.81 and a 200-day moving average price of $125.55. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.72 and a quick ratio of 1.53. The firm has a market capitalization of $70.65 billion, a P/E ratio of 13.06 and a beta of 0.25.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share for the quarter, beating 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 company had revenue of $6.92 billion during the quarter, compared to analysts’ expectations of $6.18 billion. During the same period in the previous year, the business earned $2.87 earnings per share. The firm’s quarterly revenue was up 22.1% compared to the same quarter last year. As a group, equities research analysts forecast that EOG Resources, Inc. will post 16.64 EPS for the current year.

EOG Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 17th will be issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Friday, July 17th. EOG Resources’s payout ratio is presently 40.16%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on EOG shares. DA Davidson upped their price target on EOG Resources from $148.00 to $153.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Raymond James Financial decreased their price objective on EOG Resources from $186.00 to $176.00 and set a “strong-buy” rating for the company in a report on Monday, June 22nd. Scotiabank boosted their price objective on EOG Resources from $123.00 to $139.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 22nd. BMO Capital Markets upped their price objective on shares of EOG Resources from $140.00 to $160.00 and gave the company an “outperform” rating in a report on Wednesday, April 1st. Finally, Zacks Research lowered shares of EOG Resources from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and sixteen have assigned a Hold rating to the stock. Based on data from MarketBeat, EOG Resources currently has an average rating of “Moderate Buy” and an average price target of $156.00.

Insider Buying and Selling at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 5,698 shares of the company’s stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $150.32, for a total transaction of $856,523.36. Following the sale, the chief operating officer directly owned 88,045 shares in the company, valued at $13,234,924.40. This represents a 6.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.14% 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.