EOG Resources, Inc. $EOG Shares Purchased by B. Metzler seel. Sohn & Co. AG

Key Points

• B. Metzler seel. Sohn & Co. AG has significantly increased its holdings in EOG Resources by 128.3%, owning 33,306 shares worth approximately $4.27 million.
• EOG Resources announced a quarterly dividend of $1.02, up from the previous $0.98, with a dividend yield of 3.3%, indicating a strong commitment to returning value to shareholders.
• Despite fluctuations in analysts' ratings, EOG Resources maintains a consensus rating of "Moderate Buy" with an average price target of $143.61, reflecting positive sentiment in the market.

B. Metzler seel. Sohn & Co. AG increased its position in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 128.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,306 shares of the energy exploration company's stock after purchasing an additional 18,720 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in EOG Resources were worth $4,271,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Transamerica Financial Advisors LLC grew its stake in shares of EOG Resources by 9.3% during the first quarter. Transamerica Financial Advisors LLC now owns 7,219 shares of the energy exploration company's stock worth $926,000 after purchasing an additional 615 shares in the last quarter. CreativeOne Wealth LLC grew its stake in shares of EOG Resources by 17.0% during the first quarter. CreativeOne Wealth LLC now owns 13,541 shares of the energy exploration company's stock worth $1,736,000 after purchasing an additional 1,964 shares in the last quarter. Ieq Capital LLC grew its stake in shares of EOG Resources by 1.3% during the first quarter. Ieq Capital LLC now owns 36,051 shares of the energy exploration company's stock worth $4,623,000 after purchasing an additional 471 shares in the last quarter. Redwood Investment Management LLC grew its stake in shares of EOG Resources by 30.2% during the first quarter. Redwood Investment Management LLC now owns 39,385 shares of the energy exploration company's stock worth $5,051,000 after purchasing an additional 9,145 shares in the last quarter. Finally, Findlay Park Partners LLP grew its stake in shares of EOG Resources by 1.4% during the first quarter. Findlay Park Partners LLP now owns 1,744,509 shares of the energy exploration company's stock worth $223,716,000 after purchasing an additional 23,400 shares in the last quarter. Institutional investors and hedge funds own 89.91% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Royal Bank Of Canada lowered their target price on shares of EOG Resources from $145.00 to $140.00 and set an "outperform" rating for the company in a research note on Tuesday, July 8th. Bank of America reduced their price target on shares of EOG Resources from $125.00 to $124.00 and set a "neutral" rating for the company in a research report on Friday, May 23rd. Argus cut shares of EOG Resources from a "buy" rating to a "hold" rating in a research report on Monday. Barclays boosted their price target on shares of EOG Resources from $137.00 to $140.00 and gave the company an "equal weight" rating in a research report on Monday, June 2nd. Finally, Stephens began coverage on shares of EOG Resources in a research report on Tuesday, June 17th. They issued an "equal weight" rating and a $137.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and twelve have issued a Hold rating to the company's stock. According to MarketBeat, EOG Resources currently has a consensus rating of "Moderate Buy" and an average price target of $143.61.

Insider Activity at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 3,951 shares of the company's 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 sale, the chief operating officer directly owned 45,739 shares of the company's stock, valued at approximately $5,472,671.35. This represents a 7.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.13% of the company's stock.

EOG Resources Price Performance

Shares of NYSE:EOG opened at $122.86 on Thursday. The company has a 50-day simple moving average of $120.06 and a 200-day simple moving average of $119.04. EOG Resources, Inc. has a one year low of $102.52 and a one year high of $138.18. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.61 and a current ratio of 1.79. The stock has a market capitalization of $67.08 billion, a price-to-earnings ratio of 11.94, a PEG ratio of 9.26 and a beta of 0.80.

EOG Resources (NYSE:EOG - Get Free Report) last announced its earnings results on Thursday, August 7th. The energy exploration company reported $2.32 EPS for the quarter, beating 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 during the quarter, compared to analysts' expectations of $5.45 billion. During the same period in the prior year, the company earned $3.16 earnings per share. The business's revenue was down 9.1% compared to the same quarter last year. On average, analysts predict that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 17th will be issued a $1.02 dividend. The ex-dividend date of this dividend 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 3.3%. EOG Resources's dividend payout ratio is currently 37.90%.

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.

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