Banco Bilbao Vizcaya Argentaria S.A. Purchases 18,162 Shares of EOG Resources, Inc. $EOG

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. increased its stake in EOG Resources by 28.2%, holding 82,625 shares valued at $10.61 million as of the latest quarter.
• Analysts have mixed views on EOG Resources, with Barclays raising its price target to $140 and Susquehanna increasing it to $170, while Mizuho reduced its target to $134.
• EOG Resources announced a quarterly dividend increase to $1.02 per share, reflecting an annual yield of 3.5%, with the dividend to be paid on October 31st.

Banco Bilbao Vizcaya Argentaria S.A. increased its position in EOG Resources, Inc. (NYSE:EOG - Free Report) by 28.2% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 82,625 shares of the energy exploration company's stock after acquiring an additional 18,162 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in EOG Resources were worth $10,614,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in EOG. Banque Cantonale Vaudoise purchased a new stake in EOG Resources in the 1st quarter worth about $26,000. Alpine Bank Wealth Management purchased a new stake in EOG Resources during the 1st quarter worth about $34,000. Ameriflex Group Inc. purchased a new stake in EOG Resources during the 4th quarter worth about $36,000. 10Elms LLP purchased a new stake in EOG Resources during the 4th quarter worth about $44,000. Finally, Stone House Investment Management LLC purchased a new stake in EOG Resources during the 1st quarter worth about $48,000. Hedge funds and other institutional investors own 89.91% of the company's stock.

EOG Resources Price Performance

NYSE EOG traded up $2.3950 during trading on Friday, reaching $120.9050. The company's stock had a trading volume of 2,245,946 shares, compared to its average volume of 2,796,382. The stock has a market capitalization of $66.01 billion, a PE ratio of 11.75, a P/E/G ratio of 9.25 and a beta of 0.80. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.79 and a quick ratio of 1.61. The firm has a fifty day moving average of $120.18 and a 200 day moving average of $119.09. EOG Resources, Inc. has a one year low of $102.52 and a one year high of $138.18.

EOG Resources (NYSE:EOG - Get Free Report) last announced its earnings results on Thursday, August 7th. The energy exploration company reported $2.32 earnings per share for the quarter, topping analysts' consensus estimates of $2.14 by $0.18. The business had revenue of $5.48 billion for the quarter, compared to analyst estimates of $5.45 billion. EOG Resources had a return on equity of 20.51% and a net margin of 25.25%.The company's quarterly revenue was down 9.1% compared to the same quarter last year. During the same period in the prior year, the company earned $3.16 EPS. Analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 17th will be given a dividend of $1.02 per share. This is a boost from EOG Resources's previous quarterly dividend of $0.98. The ex-dividend date is Friday, October 17th. This represents a $4.08 annualized dividend and a dividend yield of 3.4%. EOG Resources's dividend payout ratio is currently 37.90%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Piper Sandler dropped their price objective on EOG Resources from $138.00 to $136.00 and set a "neutral" rating on the stock in a report on Thursday, July 17th. Raymond James Financial increased their price objective on EOG Resources from $158.00 to $161.00 and gave the stock a "strong-buy" rating in a report on Tuesday, July 22nd. Stephens assumed coverage on EOG Resources in a report on Tuesday, June 17th. They set an "equal weight" rating and a $137.00 price objective on the stock. Bank of America dropped their price objective on EOG Resources from $125.00 to $124.00 and set a "neutral" rating on the stock in a report on Friday, May 23rd. Finally, Melius Research assumed coverage on EOG Resources in a report on Wednesday. They set a "buy" rating and a $173.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat, EOG Resources currently has a consensus rating of "Moderate Buy" and an average price target of $143.61.

Insider Activity at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 3,951 shares of the stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $119.65, for a total transaction of $472,737.15. Following the transaction, the chief operating officer directly owned 45,739 shares in the company, valued at approximately $5,472,671.35. This represents a 7.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.13% 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.