Bank Pictet & Cie Europe AG Purchases 44,377 Shares of EOG Resources, Inc. (NYSE:EOG)

Bank Pictet & Cie Europe AG raised its holdings in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 38.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 158,878 shares of the energy exploration company's stock after acquiring an additional 44,377 shares during the period. Bank Pictet & Cie Europe AG's holdings in EOG Resources were worth $19,531,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Northwest Investment Counselors LLC purchased a new position in EOG Resources in the 3rd quarter worth $26,000. Riverview Trust Co purchased a new position in shares of EOG Resources in the second quarter worth about $27,000. MFA Wealth Advisors LLC bought a new stake in shares of EOG Resources in the 2nd quarter valued at about $28,000. Eastern Bank purchased a new stake in EOG Resources during the 3rd quarter valued at about $28,000. Finally, Gladius Capital Management LP purchased a new position in EOG Resources in the 2nd quarter worth approximately $30,000. 89.91% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

EOG has been the subject of a number of analyst reports. Truist Financial dropped their price objective on EOG Resources from $130.00 to $115.00 and set a "hold" rating for the company in a research note on Monday, September 30th. Susquehanna decreased their price objective on shares of EOG Resources from $159.00 to $158.00 and set a "positive" rating on the stock in a research report on Wednesday, September 4th. JPMorgan Chase & Co. dropped their target price on shares of EOG Resources from $143.00 to $135.00 and set a "neutral" rating for the company in a report on Thursday, September 12th. Scotiabank lowered their price target on EOG Resources from $150.00 to $140.00 and set a "sector perform" rating for the company in a research report on Thursday, October 10th. Finally, Wells Fargo & Company dropped their price target on EOG Resources from $140.00 to $135.00 and set an "equal weight" rating for the company in a research note on Tuesday, October 1st. Fourteen equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $141.20.

EOG Resources Stock Performance

Shares of EOG Resources stock opened at $125.07 on Wednesday. The stock has a market cap of $71.88 billion, a price-to-earnings ratio of 9.88, a PEG ratio of 3.38 and a beta of 1.28. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.12 and a quick ratio of 1.89. EOG Resources, Inc. has a 1 year low of $108.94 and a 1 year high of $139.67. The firm's 50-day moving average is $126.16 and its 200 day moving average is $126.93.

EOG Resources (NYSE:EOG - Get Free Report) last issued its earnings results on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.98 by $0.18. The firm had revenue of $6.03 billion for the quarter, compared to the consensus estimate of $6.07 billion. EOG Resources had a net margin of 30.33% and a return on equity of 25.42%. The business's revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.49 earnings per share. Sell-side analysts anticipate that EOG Resources, Inc. will post 11.83 EPS for the current fiscal year.

EOG Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 17th will be issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date is Thursday, October 17th. EOG Resources's payout ratio is 28.75%.

Insider Transactions at EOG Resources

In related news, EVP Michael P. Donaldson sold 11,037 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $129.50, for a total transaction of $1,429,291.50. Following the sale, the executive vice president now directly owns 74,250 shares of the company's stock, valued at $9,615,375. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, EVP Michael P. Donaldson sold 11,037 shares of the firm's stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $129.50, for a total value of $1,429,291.50. Following the sale, the executive vice president now owns 74,250 shares in the company, valued at approximately $9,615,375. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $126.48, for a total transaction of $505,920.00. Following the completion of the sale, the chief operating officer now directly owns 35,058 shares of the company's stock, valued at approximately $4,434,135.84. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,537 shares of company stock worth $2,751,612 over the last quarter. 0.30% of the stock is currently owned by insiders.

EOG Resources 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.

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