EOG Resources, Inc. (NYSE:EOG) Shares Bought by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI grew its stake in EOG Resources, Inc. (NYSE:EOG - Free Report) by 59.3% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,085 shares of the energy exploration company's stock after purchasing an additional 2,637 shares during the quarter. Commerzbank Aktiengesellschaft FI's holdings in EOG Resources were worth $909,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of EOG. Bank Pictet & Cie Europe AG increased its position in EOG Resources by 56.3% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 248,399 shares of the energy exploration company's stock worth $30,449,000 after buying an additional 89,521 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of EOG Resources in the fourth quarter worth about $492,000. Parallel Advisors LLC lifted its holdings in shares of EOG Resources by 1.4% in the fourth quarter. Parallel Advisors LLC now owns 7,172 shares of the energy exploration company's stock worth $879,000 after buying an additional 96 shares in the last quarter. Royal London Asset Management Ltd. lifted its holdings in shares of EOG Resources by 3.3% in the fourth quarter. Royal London Asset Management Ltd. now owns 280,523 shares of the energy exploration company's stock worth $34,387,000 after buying an additional 9,071 shares in the last quarter. Finally, Arvest Investments Inc. lifted its holdings in shares of EOG Resources by 3.2% in the fourth quarter. Arvest Investments Inc. now owns 13,425 shares of the energy exploration company's stock worth $1,646,000 after buying an additional 420 shares in the last quarter. Institutional investors own 89.91% of the company's stock.

Insiders Place Their Bets

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

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Jefferies Financial Group reissued a "buy" rating and issued a $148.00 price target (up from $144.00) on shares of EOG Resources in a report on Friday, June 13th. Bank of America reduced their target price on EOG Resources from $125.00 to $124.00 and set a "neutral" rating for the company in a research report on Friday, May 23rd. Morgan Stanley set a $135.00 target price on EOG Resources and gave the stock an "equal weight" rating in a research report on Monday, June 2nd. Scotiabank upgraded EOG Resources from a "sector perform" rating to a "sector outperform" rating and reduced their target price for the stock from $150.00 to $130.00 in a research report on Friday, April 11th. Finally, Barclays upped their price objective on EOG Resources from $137.00 to $140.00 and gave the stock an "equal weight" rating in a report on Monday, June 2nd. Twelve investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, EOG Resources presently has an average rating of "Moderate Buy" and an average target price of $139.81.

EOG Resources Stock Performance

Shares of EOG Resources stock traded down $0.43 during trading hours on Monday, reaching $117.25. 419,636 shares of the stock traded hands, compared to its average volume of 3,421,559. The company has a 50 day moving average price of $117.82 and a 200 day moving average price of $121.26. EOG Resources, Inc. has a one year low of $102.52 and a one year high of $138.18. The company has a quick ratio of 1.71, a current ratio of 1.87 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $64.00 billion, a price-to-earnings ratio of 10.85, a P/E/G ratio of 9.22 and a beta of 0.76.

EOG Resources (NYSE:EOG - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The energy exploration company reported $2.87 EPS for the quarter, beating the consensus estimate of $2.75 by $0.12. EOG Resources had a return on equity of 22.35% and a net margin of 26.14%. The business had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.92 billion. During the same period in the previous year, the business earned $2.82 earnings per share. The business's revenue was down 7.4% on a year-over-year basis. On average, equities research analysts expect that EOG Resources, Inc. will post 11.47 earnings per share 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. Shareholders of record on Friday, October 17th will be given a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, October 17th. This is an increase from EOG Resources's previous quarterly dividend of $0.98. This represents a $4.08 dividend on an annualized basis and a yield of 3.48%. EOG Resources's dividend payout ratio is 36.18%.

About EOG Resources

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.