Czech National Bank Has $15.96 Million Stock Position in EOG Resources, Inc. $EOG

Key Points

• The Czech National Bank increased its stake in EOG Resources by 3.3%, owning a total of 133,409 shares valued at approximately $15.96 million as of the latest SEC filing.
• Equities analysts have set various price targets for EOG Resources, with a consensus target of $143.48, and ratings ranging from "Strong Buy" to "Hold."
• EOG Resources reported $2.32 EPS for the last quarter, surpassing estimates, with revenues of $5.48 billion, though revenue decreased by 9.1% year-over-year.

Czech National Bank lifted its position in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 3.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 133,409 shares of the energy exploration company's stock after purchasing an additional 4,223 shares during the period. Czech National Bank's holdings in EOG Resources were worth $15,957,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its holdings in EOG Resources by 0.7% in the first quarter. Vanguard Group Inc. now owns 53,981,854 shares of the energy exploration company's stock valued at $6,922,633,000 after acquiring an additional 348,895 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in EOG Resources by 6.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 19,380,866 shares of the energy exploration company's stock valued at $2,485,402,000 after acquiring an additional 1,188,552 shares during the last quarter. Northern Trust Corp boosted its stake in EOG Resources by 6.3% during the 1st quarter. Northern Trust Corp now owns 6,077,928 shares of the energy exploration company's stock valued at $779,433,000 after acquiring an additional 358,916 shares during the last quarter. Alliancebernstein L.P. boosted its stake in EOG Resources by 3.9% during the 1st quarter. Alliancebernstein L.P. now owns 5,909,297 shares of the energy exploration company's stock valued at $757,808,000 after acquiring an additional 223,294 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in EOG Resources by 1.1% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 5,530,260 shares of the energy exploration company's stock valued at $709,201,000 after acquiring an additional 60,454 shares during the last quarter. 89.91% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 3,951 shares of the stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $119.65, for a total value of $472,737.15. Following the completion of the transaction, the chief operating officer owned 45,739 shares in the company, valued at $5,472,671.35. This represents a 7.95% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.13% of the stock is owned by corporate insiders.

EOG Resources Stock Performance

Shares of EOG stock traded down $2.58 during trading hours on Friday, reaching $115.74. The stock had a trading volume of 6,830,296 shares, compared to its average volume of 3,497,924. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.79 and a quick ratio of 1.61. EOG Resources, Inc. has a twelve month low of $102.52 and a twelve month high of $138.18. The firm has a 50-day simple moving average of $119.58 and a 200-day simple moving average of $117.97. The firm has a market capitalization of $63.19 billion, a PE ratio of 11.25, a price-to-earnings-growth ratio of 9.18 and a beta of 0.85.

EOG Resources (NYSE:EOG - Get Free Report) last released its quarterly earnings data 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. EOG Resources had a net margin of 25.25% and a return on equity of 20.51%. The business had revenue of $5.48 billion for the quarter, compared to analysts' expectations of $5.45 billion. During the same quarter last year, the company earned $3.16 EPS. The company's revenue for the quarter was down 9.1% compared to the same quarter last year. As a group, equities analysts forecast that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Argus downgraded shares of EOG Resources from a "buy" rating to a "hold" rating in a research note on Monday, August 25th. Melius began coverage on shares of EOG Resources in a report on Wednesday, August 20th. They set a "buy" rating and a $173.00 target price on the stock. Susquehanna increased their target price on shares of EOG Resources from $156.00 to $170.00 and gave the stock a "positive" rating in a report on Wednesday, July 23rd. Jefferies Financial Group reissued a "buy" rating and set a $148.00 target price (up from $144.00) on shares of EOG Resources in a report on Friday, June 13th. Finally, Piper Sandler dropped their target price on shares of EOG Resources from $138.00 to $136.00 and set a "neutral" rating on the stock in a report on Thursday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $143.48.

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.