Commerzbank Aktiengesellschaft FI Makes New Investment in EOG Resources, Inc. $EOG

Key Points

• Commerzbank Aktiengesellschaft FI initiated a position in EOG Resources during the second quarter, buying 7,386 shares valued at approximately $958,000. Institutional investors and hedge funds collectively own 89.91% of the company.
• EOG reported quarterly earnings of $5.07 per share, exceeding estimates of $4.97, while revenue rose 57.4% year over year to $8.62 billion. The stock opened at $148.68, near its 12-month high of $151.87.
• The company declared a quarterly dividend of $1.02, equivalent to an annualized yield of 2.7%. Analysts maintain a consensus “Hold” rating with an average price target of $156.00.

Commerzbank Aktiengesellschaft FI bought a new position in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 7,386 shares of the energy exploration company's stock, valued at approximately $958,000.

Other institutional investors have also recently modified their holdings of the company. Summitry LLC raised its holdings in EOG Resources by 1.5% in the 1st quarter. Summitry LLC now owns 4,832 shares of the energy exploration company's stock worth $699,000 after purchasing an additional 73 shares during the period. Twin Capital Management Inc. grew its holdings in EOG Resources by 0.3% in the first quarter. Twin Capital Management Inc. now owns 23,980 shares of the energy exploration company's stock valued at $3,467,000 after purchasing an additional 79 shares during the period. Sax Wealth Advisors LLC increased its position in shares of EOG Resources by 2.8% in the second quarter. Sax Wealth Advisors LLC now owns 2,907 shares of the energy exploration company's stock valued at $377,000 after buying an additional 79 shares in the last quarter. Paladin Wealth LLC increased its position in shares of EOG Resources by 5.3% in the second quarter. Paladin Wealth LLC now owns 1,593 shares of the energy exploration company's stock valued at $207,000 after buying an additional 80 shares in the last quarter. Finally, Hardy Reed LLC raised its stake in shares of EOG Resources by 3.8% during the 1st quarter. Hardy Reed LLC now owns 2,251 shares of the energy exploration company's stock worth $325,000 after buying an additional 82 shares during the period. 89.91% of the stock is currently owned by institutional investors and hedge funds.

EOG Resources Stock Performance

EOG opened at $148.68 on Wednesday. EOG Resources, Inc. has a twelve month low of $101.59 and a twelve month high of $151.87. The firm has a market capitalization of $77.99 billion, a PE ratio of 11.57 and a beta of 0.25. The company has a current ratio of 1.85, a quick ratio of 1.68 and a debt-to-equity ratio of 0.25. The firm's 50-day moving average price is $137.92 and its 200 day moving average price is $134.33.

EOG Resources (NYSE:EOG - Get Free Report) last released its earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share for the quarter, topping analysts' consensus estimates of $4.97 by $0.10. The business had revenue of $8.62 billion for the quarter, compared to analyst estimates of $8.04 billion. EOG Resources had a net margin of 25.44% and a return on equity of 23.44%. The business's revenue was up 57.4% on a year-over-year basis. During the same period last year, the company posted $2.32 EPS. As a group, sell-side analysts expect that EOG Resources, Inc. will post 16.43 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 16th will be issued a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 2.7%. The ex-dividend date is Friday, October 16th. EOG Resources's dividend payout ratio is presently 31.75%.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. JPMorgan Chase & Co. cut their price target on shares of EOG Resources from $148.00 to $142.00 and set a "neutral" rating for the company in a report on Tuesday, June 30th. Jefferies Financial Group reissued a "buy" rating and set a $175.00 target price (up from $170.00) on shares of EOG Resources in a research note on Thursday, July 2nd. Sanford C. Bernstein reduced their price target on shares of EOG Resources from $167.00 to $155.00 and set a "market perform" rating for the company in a research report on Wednesday, May 20th. Barclays set a $147.00 price objective on EOG Resources and gave the stock an "equal weight" rating in a report on Monday. Finally, Weiss Ratings reissued a "buy (b-)" rating on shares of EOG Resources in a report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and seventeen have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $156.00.

EOG Resources 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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