Union Bancaire Privee UBP SA Purchases Shares of 1,022 EOG Resources, Inc. (NYSE:EOG)

Union Bancaire Privee UBP SA acquired a new stake in shares of EOG Resources, Inc. (NYSE:EOG) in the fourth quarter, Holdings Channel.com reports. The firm acquired 1,022 shares of the energy exploration company’s stock, valued at approximately $123,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Charles Schwab Investment Management Inc. raised its position in EOG Resources by 0.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 17,411,032 shares of the energy exploration company’s stock valued at $2,140,338,000 after acquiring an additional 75,194 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of EOG Resources by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 12,315,735 shares of the energy exploration company’s stock valued at $1,513,446,000 after purchasing an additional 180,755 shares in the last quarter. Franklin Resources Inc. lifted its stake in shares of EOG Resources by 64.7% in the 3rd quarter. Franklin Resources Inc. now owns 5,284,228 shares of the energy exploration company’s stock valued at $694,717,000 after purchasing an additional 2,076,134 shares during the period. Pacer Advisors Inc. lifted its stake in shares of EOG Resources by 3.2% in the 3rd quarter. Pacer Advisors Inc. now owns 4,254,645 shares of the energy exploration company’s stock valued at $523,024,000 after purchasing an additional 130,822 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its position in EOG Resources by 3.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,653,922 shares of the energy exploration company’s stock valued at $326,247,000 after buying an additional 79,988 shares during the period. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Price Performance

EOG opened at $130.23 on Thursday. The stock’s 50-day moving average price is $128.82 and its 200 day moving average price is $127.41. EOG Resources, Inc. has a 12-month low of $108.94 and a 12-month high of $139.67. The firm has a market cap of $73.25 billion, a price-to-earnings ratio of 10.49, a PEG ratio of 3.68 and a beta of 1.29. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Thursday, November 7th. The energy exploration company reported $2.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.73 by $0.16. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The business had revenue of $5.97 billion for the quarter, compared to analysts’ expectations of $6.03 billion. During the same quarter in the prior year, the company earned $3.44 earnings per share. As a group, sell-side analysts expect that EOG Resources, Inc. will post 11.45 earnings per share for the current year.

EOG Resources declared that its board has approved a share repurchase plan on Thursday, November 7th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the energy exploration company to reacquire up to 7% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.

EOG Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be given a dividend of $0.975 per share. The ex-dividend date of this dividend is Friday, January 17th. This represents a $3.90 dividend on an annualized basis and a dividend yield of 2.99%. This is a positive change from EOG Resources’s previous quarterly dividend of $0.91. EOG Resources’s dividend payout ratio is currently 31.40%.

Insider Activity

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $120.89, for a total transaction of $483,560.00. Following the completion of the sale, the chief operating officer now directly owns 42,703 shares of the company’s stock, valued at approximately $5,162,365.67. The trade was a 8.56 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Janet F. Clark sold 568 shares of the stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $135.33, for a total value of $76,867.44. Following the completion of the transaction, the director now directly owns 43,532 shares in the company, valued at $5,891,185.56. This trade represents a 1.29 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on EOG. Benchmark reiterated a “hold” rating on shares of EOG Resources in a research report on Monday, January 13th. StockNews.com upgraded EOG Resources from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Scotiabank reduced their target price on EOG Resources from $150.00 to $140.00 and set a “sector perform” rating for the company in a research note on Thursday, October 10th. KeyCorp cut their target price on shares of EOG Resources from $157.00 to $150.00 and set an “overweight” rating for the company in a research note on Wednesday, October 16th. Finally, Citigroup boosted their price target on shares of EOG Resources from $127.00 to $134.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 26th. Thirteen equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $143.90.

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.