Deutsche Bank AG purchased a new position in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 1,935,571 shares of the energy exploration company's stock, valued at approximately $251,102,000. Deutsche Bank AG owned 0.37% of EOG Resources as of its most recent filing with the SEC.
Other large investors also recently added to or reduced their stakes in the company. Perigon Wealth Management LLC purchased a new stake in EOG Resources during the second quarter valued at about $487,000. Commerzbank Aktiengesellschaft FI purchased a new position in shares of EOG Resources in the second quarter worth about $958,000. Phillips Wealth Planners LLC purchased a new position in shares of EOG Resources in the second quarter worth about $234,000. Trust Co. of Vermont bought a new stake in shares of EOG Resources in the second quarter valued at approximately $250,000. Finally, Principle Wealth Partners LLC bought a new stake in shares of EOG Resources in the second quarter valued at approximately $301,000. Hedge funds and other institutional investors own 89.91% of the company's stock.
EOG Resources Price Performance
Shares of NYSE:EOG opened at $148.68 on Wednesday. The company has a 50 day moving average of $137.92 and a 200 day moving average of $134.33. The stock has a market cap of $77.99 billion, a P/E ratio of 11.57 and a beta of 0.25. EOG Resources, Inc. has a 12 month low of $101.59 and a 12 month high of $151.87. The company has a current ratio of 1.85, a quick ratio of 1.68 and a debt-to-equity ratio of 0.25.
EOG Resources (NYSE:EOG - Get Free Report) last posted 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. EOG Resources had a net margin of 25.44% and a return on equity of 23.44%. The business had revenue of $8.62 billion for the quarter, compared to analyst estimates of $8.04 billion. During the same quarter in the prior year, the firm posted $2.32 EPS. EOG Resources's revenue was up 57.4% on a year-over-year basis. As a group, sell-side analysts forecast that EOG Resources, Inc. will post 16.43 EPS for the current fiscal year.
EOG Resources Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 16th 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 2.7%. The ex-dividend date is Friday, October 16th. EOG Resources's payout ratio is 31.75%.
Analyst Ratings Changes
Several research analysts recently commented on EOG shares. Barclays set a $147.00 price objective on shares of EOG Resources and gave the stock an "equal weight" rating in a report on Monday. Raymond James Financial reissued a "strong-buy" rating and set a $183.00 target price on shares of EOG Resources in a report on Monday, August 3rd. Sanford C. Bernstein dropped their target price on EOG Resources from $167.00 to $155.00 and set a "market perform" rating on the stock in a research report on Wednesday, May 20th. JPMorgan Chase & Co. cut their price target on EOG Resources from $148.00 to $142.00 and set a "neutral" rating for the company in a report on Tuesday, June 30th. Finally, Citigroup cut their price target on EOG Resources from $147.00 to $141.00 and set a "neutral" rating for the company in a report on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and seventeen have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $156.00.
Check Out Our Latest Stock Analysis on EOG Resources
EOG Resources Company Profile
(
Free Report)
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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