Swiss National Bank Has $209.69 Million Holdings in EOG Resources, Inc. (NYSE:EOG)

Swiss National Bank lessened its position in EOG Resources, Inc. (NYSE:EOG - Free Report) by 0.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,705,800 shares of the energy exploration company's stock after selling 11,400 shares during the period. Swiss National Bank owned about 0.30% of EOG Resources worth $209,694,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. UniSuper Management Pty Ltd boosted its stake in shares of EOG Resources by 228.4% in the first quarter. UniSuper Management Pty Ltd now owns 15,626 shares of the energy exploration company's stock valued at $1,998,000 after purchasing an additional 10,868 shares during the period. University of Texas Texas AM Investment Management Co. boosted its stake in shares of EOG Resources by 3,976.8% in the second quarter. University of Texas Texas AM Investment Management Co. now owns 10,885 shares of the energy exploration company's stock valued at $1,370,000 after purchasing an additional 10,618 shares during the period. Sequoia Financial Advisors LLC boosted its stake in shares of EOG Resources by 44.2% in the third quarter. Sequoia Financial Advisors LLC now owns 10,603 shares of the energy exploration company's stock valued at $1,303,000 after purchasing an additional 3,251 shares during the period. Canada Pension Plan Investment Board boosted its stake in shares of EOG Resources by 67.3% in the first quarter. Canada Pension Plan Investment Board now owns 843,682 shares of the energy exploration company's stock valued at $107,856,000 after purchasing an additional 339,480 shares during the period. Finally, Tidal Investments LLC boosted its stake in shares of EOG Resources by 13.3% in the first quarter. Tidal Investments LLC now owns 51,003 shares of the energy exploration company's stock valued at $6,518,000 after purchasing an additional 5,972 shares during the period. Institutional investors and hedge funds own 89.91% of the company's stock.

EOG Resources Stock Up 1.5 %

NYSE EOG traded up $1.98 during trading hours on Monday, reaching $136.54. 3,060,434 shares of the company's stock were exchanged, compared to its average volume of 3,133,891. The company's 50-day moving average is $126.25 and its two-hundred day moving average is $125.96. EOG Resources, Inc. has a one year low of $108.94 and a one year high of $139.67. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. The company has a market capitalization of $76.80 billion, a price-to-earnings ratio of 10.83, a price-to-earnings-growth ratio of 3.57 and a beta of 1.28.

EOG Resources Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be paid a dividend of $0.975 per share. This represents a $3.90 dividend on an annualized basis and a yield of 2.86%. This is a boost from EOG Resources's previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Friday, January 17th. EOG Resources's dividend payout ratio is presently 31.40%.

EOG Resources declared that its board has authorized a stock repurchase program on Thursday, November 7th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the energy exploration company to reacquire up to 7% of its stock through open market purchases. Stock buyback programs are often a sign that the company's board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

Several research firms recently issued reports on EOG. KeyCorp cut their price target on shares of EOG Resources from $157.00 to $150.00 and set an "overweight" rating on the stock in a report on Wednesday, October 16th. Susquehanna cut their price target on shares of EOG Resources from $159.00 to $158.00 and set a "positive" rating on the stock in a report on Wednesday, September 4th. Piper Sandler cut shares of EOG Resources from an "overweight" rating to a "neutral" rating and upped their price target for the company from $147.00 to $149.00 in a report on Monday. Benchmark reaffirmed a "hold" rating on shares of EOG Resources in a report on Tuesday, November 12th. Finally, Morgan Stanley cut their price target on shares of EOG Resources from $134.00 to $132.00 and set an "equal weight" rating on the stock in a report on Monday, September 16th. Fifteen research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $142.30.

Insiders Place Their Bets

In other news, EVP Michael P. Donaldson sold 11,037 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $129.50, for a total value of $1,429,291.50. Following the completion of the sale, the executive vice president now owns 74,250 shares of the company's stock, valued at approximately $9,615,375. This represents a 12.94 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Charles R. Crisp sold 6,500 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $125.60, for a total value of $816,400.00. Following the completion of the sale, the director now directly owns 60,892 shares of the company's stock, valued at approximately $7,648,035.20. The trade was a 9.65 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.30% of the company's stock.

EOG Resources Company Profile

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.