Czech National Bank Buys 7,235 Shares of EOG Resources, Inc. (NYSE:EOG)

Czech National Bank grew its holdings in EOG Resources, Inc. (NYSE:EOG - Free Report) by 5.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 129,186 shares of the energy exploration company's stock after purchasing an additional 7,235 shares during the period. Czech National Bank's holdings in EOG Resources were worth $16,567,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EOG. Perigon Wealth Management LLC raised its stake in shares of EOG Resources by 2.6% during the 4th quarter. Perigon Wealth Management LLC now owns 3,342 shares of the energy exploration company's stock worth $410,000 after purchasing an additional 84 shares in the last quarter. Caprock Group LLC lifted its holdings in EOG Resources by 36.5% during the 4th quarter. Caprock Group LLC now owns 16,538 shares of the energy exploration company's stock valued at $2,027,000 after purchasing an additional 4,426 shares during the last quarter. Heck Capital Advisors LLC acquired a new position in shares of EOG Resources in the fourth quarter valued at $78,000. Clear Creek Financial Management LLC raised its position in shares of EOG Resources by 3.9% in the fourth quarter. Clear Creek Financial Management LLC now owns 6,787 shares of the energy exploration company's stock valued at $832,000 after purchasing an additional 257 shares during the period. Finally, Capital Insight Partners LLC boosted its holdings in shares of EOG Resources by 7.2% during the fourth quarter. Capital Insight Partners LLC now owns 4,702 shares of the energy exploration company's stock worth $576,000 after acquiring an additional 315 shares during the period. 89.91% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Mizuho lowered their price objective on EOG Resources from $140.00 to $134.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. Citigroup dropped their price objective on shares of EOG Resources from $134.00 to $125.00 and set a "neutral" rating for the company in a research note on Monday, March 17th. UBS Group increased their target price on shares of EOG Resources from $135.00 to $140.00 and gave the stock a "buy" rating in a research report on Tuesday. KeyCorp dropped their price target on shares of EOG Resources from $150.00 to $140.00 and set an "overweight" rating for the company in a research report on Monday, April 21st. Finally, Susquehanna cut their price target on EOG Resources from $161.00 to $156.00 and set a "positive" rating for the company in a research note on Tuesday, April 22nd. Eleven investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $139.58.

EOG Resources Price Performance

Shares of EOG stock traded up $0.16 on Thursday, reaching $110.93. The company had a trading volume of 2,697,215 shares, compared to its average volume of 3,276,369. The stock has a market capitalization of $60.55 billion, a PE ratio of 8.93, a price-to-earnings-growth ratio of 3.58 and a beta of 0.78. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. The business's 50-day moving average is $111.81 and its 200 day moving average is $122.56. 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 posted its earnings results on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share for the quarter, topping analysts' consensus estimates of $2.75 by $0.12. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The firm had revenue of $5.84 billion for the quarter, compared to analysts' expectations of $5.92 billion. During the same quarter in the previous year, the firm posted $2.82 earnings per share. The company's revenue was down 7.4% on a year-over-year basis. Equities research analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Increases Dividend

The business 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 represents a $4.08 dividend on an annualized basis and a dividend yield of 3.68%. This is an increase from EOG Resources's previous quarterly dividend of $0.98. The ex-dividend date is Friday, October 17th. EOG Resources's dividend payout ratio (DPR) is 36.18%.

Insider Activity at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 4,037 shares of the stock in a transaction 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 directly owns 47,732 shares in the company, valued at $6,098,240.32. This trade represents a 7.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.13% of the stock is owned by company insiders.

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.