Deutsche Bank AG Has $233.40 Million Holdings in EOG Resources, Inc. (NYSE:EOG)

Key Points

• Deutsche Bank AG reduced its investment in EOG Resources by 12.6%, owning 1,819,997 shares worth approximately $233.4 million after selling 261,412 shares in the first quarter.
• In contrast, several other investors like Capital World Investors and GAMMA Investing LLC significantly increased their holdings in EOG, reflecting a diverse sentiment among institutional investors.
• EOG Resources announced a quarterly dividend increase to $1.02 per share, up from $0.98, representing a yield of 3.5%.

Deutsche Bank AG reduced its stake in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 12.6% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 1,819,997 shares of the energy exploration company's stock after selling 261,412 shares during the period. Deutsche Bank AG owned approximately 0.33% of EOG Resources worth $233,396,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Hancock Whitney Corp lifted its position in EOG Resources by 5.7% in the 4th quarter. Hancock Whitney Corp now owns 1,719 shares of the energy exploration company's stock valued at $211,000 after acquiring an additional 92 shares in the last quarter. FSM Wealth Advisors LLC raised its stake in shares of EOG Resources by 6.2% in the 1st quarter. FSM Wealth Advisors LLC now owns 1,623 shares of the energy exploration company's stock valued at $208,000 after purchasing an additional 95 shares during the period. Sigma Planning Corp lifted its holdings in shares of EOG Resources by 1.6% in the first quarter. Sigma Planning Corp now owns 6,259 shares of the energy exploration company's stock valued at $803,000 after purchasing an additional 97 shares in the last quarter. Bank of Jackson Hole Trust boosted its position in shares of EOG Resources by 1.6% during the first quarter. Bank of Jackson Hole Trust now owns 6,234 shares of the energy exploration company's stock worth $791,000 after buying an additional 100 shares during the period. Finally, Malaga Cove Capital LLC boosted its position in shares of EOG Resources by 2.9% during the first quarter. Malaga Cove Capital LLC now owns 3,502 shares of the energy exploration company's stock worth $449,000 after buying an additional 100 shares during the period. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have commented on EOG shares. UBS Group restated a "buy" rating and issued a $140.00 target price (up previously from $135.00) on shares of EOG Resources in a research note on Tuesday, June 3rd. Morgan Stanley set a $135.00 price objective on shares of EOG Resources and gave the stock an "equal weight" rating in a research report on Monday, June 2nd. Stephens initiated coverage on shares of EOG Resources in a research report on Tuesday, June 17th. They issued an "equal weight" rating and a $137.00 target price for the company. Piper Sandler lowered their price target on shares of EOG Resources from $138.00 to $136.00 and set a "neutral" rating on the stock in a research note on Thursday, July 17th. Finally, Wells Fargo & Company reiterated an "overweight" rating on shares of EOG Resources in a report on Sunday, June 22nd. Twelve research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, EOG Resources currently has a consensus rating of "Moderate Buy" and a consensus price target of $140.62.

EOG Resources Stock Performance

NYSE:EOG traded up $0.12 during mid-day trading on Friday, hitting $116.09. 3,969,060 shares of the stock were exchanged, compared to its average volume of 2,984,186. The firm's 50-day simple moving average is $119.63 and its 200 day simple moving average is $119.85. The stock has a market capitalization of $63.36 billion, a price-to-earnings ratio of 11.28, a price-to-earnings-growth ratio of 8.90 and a beta of 0.80. EOG Resources, Inc. has a fifty-two week low of $102.52 and a fifty-two week high of $138.18. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.71 and a current ratio of 1.87.

EOG Resources (NYSE:EOG - Get Free Report) last posted 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. EOG Resources had a return on equity of 20.46% and a net margin of 25.25%. The company had revenue of $5.48 billion during the quarter, compared to the consensus estimate of $5.45 billion. During the same quarter last year, the firm earned $3.16 earnings per share. The company's revenue was down 9.1% on a year-over-year basis. As a group, equities analysts anticipate that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 17th will be given a $1.02 dividend. The ex-dividend date is Friday, October 17th. This is a positive change from EOG Resources's previous quarterly dividend of $0.98. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.5%. EOG Resources's dividend payout ratio (DPR) is presently 39.65%.

Insider Buying and Selling at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 3,951 shares of the company's stock in a transaction on Monday, June 30th. The stock was sold at an average price of $119.65, for a total transaction of $472,737.15. Following the completion of the sale, 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.13% of the company's stock.

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.