B. Metzler seel. Sohn & Co. AG Cuts Holdings in EOG Resources, Inc. $EOG

B. Metzler seel. Sohn & Co. AG lowered its position in EOG Resources, Inc. (NYSE:EOG - Free Report) by 30.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,552 shares of the energy exploration company's stock after selling 9,400 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in EOG Resources were worth $2,796,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. SJS Investment Consulting Inc. grew its stake in EOG Resources by 225.5% during the first quarter. SJS Investment Consulting Inc. now owns 179 shares of the energy exploration company's stock worth $26,000 after buying an additional 124 shares during the period. Financial Life Planners acquired a new position in shares of EOG Resources during the 1st quarter valued at $30,000. Acumen Wealth Advisors LLC purchased a new stake in EOG Resources during the 4th quarter worth $25,000. Wedbush Fund Advisers LLC purchased a new stake in EOG Resources during the 2nd quarter worth $31,000. Finally, Prosperity Bancshares Inc acquired a new stake in EOG Resources in the 4th quarter valued at $26,000. Hedge funds and other institutional investors own 89.91% of the company's stock.

EOG Resources Stock Down 0.6%

EOG Resources stock opened at $145.11 on Friday. EOG Resources, Inc. has a one year low of $101.59 and a one year high of $153.67. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.68 and a current ratio of 1.85. The firm has a market capitalization of $76.11 billion, a P/E ratio of 11.29, a P/E/G ratio of 0.54 and a beta of 0.26. The company has a 50-day simple moving average of $141.49 and a 200-day simple moving average of $137.24.

EOG Resources (NYSE:EOG - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share for the quarter, beating analysts' consensus estimates of $4.97 by $0.10. EOG Resources had a return on equity of 23.44% and a net margin of 25.44%.The company had revenue of $8.62 billion for the quarter, compared to analysts' expectations of $8.04 billion. During the same quarter in the previous year, the company posted $2.32 earnings per share. The business's revenue for the quarter was up 57.4% compared to the same quarter last year. As a group, equities analysts expect that EOG Resources, Inc. will post 16.87 earnings per share for the current year.

EOG Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Friday, October 16th will be paid a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Friday, October 16th. EOG Resources's payout ratio is currently 31.75%.

Analysts Set New Price Targets

EOG has been the topic of several research reports. Mizuho set a $157.00 price objective on EOG Resources and gave the company a "neutral" rating in a research report on Wednesday, May 27th. Susquehanna reaffirmed a "positive" rating and issued a $170.00 target price (up from $166.00) on shares of EOG Resources in a research report on Tuesday, July 21st. Seaport Research Partners started coverage on EOG Resources in a research note on Thursday. They issued a "neutral" rating for the company. Truist Financial raised their target price on EOG Resources from $134.00 to $153.00 and gave the company a "hold" rating in a report on Thursday, August 6th. Finally, The Goldman Sachs Group reissued a "neutral" rating and set a $151.00 price target (up from $127.00) on shares of EOG Resources in a research report on Monday, August 24th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and seventeen have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $157.04.

Insider Buying and Selling at EOG Resources

In related news, CEO Ezra Yacob sold 35,942 shares of the company's stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $152.10, for a total value of $5,466,778.20. Following the completion of the sale, the chief executive officer owned 242,451 shares of the company's stock, valued at $36,876,797.10. This represents a 12.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 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.

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