Deutsche Bank AG Buys 769,362 Shares of EOG Resources, Inc. (NYSE:EOG)

Deutsche Bank AG lifted its stake in EOG Resources, Inc. (NYSE:EOG - Free Report) by 58.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,081,409 shares of the energy exploration company's stock after purchasing an additional 769,362 shares during the period. Deutsche Bank AG owned 0.37% of EOG Resources worth $255,139,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Delaware Ladera Management Company Inc. bought a new position in EOG Resources during the fourth quarter worth about $109,000. Drummond Knight Asset Management Pty Ltd bought a new position in EOG Resources during the fourth quarter worth about $9,324,000. Colonial Trust Co SC lifted its holdings in EOG Resources by 8.0% during the fourth quarter. Colonial Trust Co SC now owns 20,863 shares of the energy exploration company's stock worth $2,557,000 after acquiring an additional 1,538 shares in the last quarter. CoreCap Advisors LLC lifted its holdings in EOG Resources by 12.9% during the fourth quarter. CoreCap Advisors LLC now owns 9,176 shares of the energy exploration company's stock worth $1,125,000 after acquiring an additional 1,047 shares in the last quarter. Finally, CoreCommodity Management LLC lifted its holdings in EOG Resources by 39.0% during the fourth quarter. CoreCommodity Management LLC now owns 25,577 shares of the energy exploration company's stock worth $3,135,000 after acquiring an additional 7,175 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors.

Insider Transactions at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 4,037 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $127.76, for a total value of $515,767.12. Following the transaction, the chief operating officer now owns 47,732 shares of the company's stock, valued at approximately $6,098,240.32. This represents a 7.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.13% of the company's stock.

EOG Resources Stock Performance

EOG Resources stock traded up $1.42 during midday trading on Friday, reaching $111.13. 4,079,932 shares of the company's stock were exchanged, compared to its average volume of 3,273,548. EOG Resources, Inc. has a 52 week low of $102.52 and a 52 week high of $138.18. 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 firm has a market cap of $60.65 billion, a price-to-earnings ratio of 8.95, a P/E/G ratio of 3.58 and a beta of 0.78. The stock's 50-day simple moving average is $116.68 and its 200 day simple moving average is $124.53.

EOG Resources (NYSE:EOG - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The energy exploration company reported $2.87 EPS for the quarter, topping analysts' consensus estimates of $2.75 by $0.12. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. The business had revenue of $5.84 billion during the quarter, compared to analysts' expectations of $5.92 billion. During the same quarter last year, the company posted $2.82 earnings per share. EOG Resources's quarterly revenue was down 7.4% on a year-over-year basis. On average, analysts expect that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 17th will be issued a dividend of $0.975 per share. This represents a $3.90 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date is Thursday, July 17th. EOG Resources's payout ratio is currently 36.18%.

Analysts Set New Price Targets

EOG has been the topic of several recent research reports. Barclays dropped their price target on EOG Resources from $140.00 to $137.00 and set an "equal weight" rating on the stock in a research note on Friday, May 2nd. Truist Financial lifted their price target on EOG Resources from $135.00 to $137.00 and gave the company a "hold" rating in a research note on Monday, January 13th. StockNews.com downgraded EOG Resources from a "buy" rating to a "hold" rating in a research note on Friday, February 21st. JPMorgan Chase & Co. dropped their price target on EOG Resources from $149.00 to $132.00 and set a "neutral" rating on the stock in a research note on Thursday, March 13th. Finally, Raymond James reaffirmed a "strong-buy" rating and issued a $140.00 target price on shares of EOG Resources in a research report on Monday, April 21st. Eleven analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, EOG Resources has a consensus rating of "Moderate Buy" and a consensus target price of $140.95.

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.