Union Bancaire Privee UBP SA Makes New Investment in EOG Resources, Inc. (NYSE:EOG)

Union Bancaire Privee UBP SA bought a new stake in shares of EOG Resources, Inc. (NYSE:EOG) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,022 shares of the energy exploration company’s stock, valued at approximately $123,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. DRW Securities LLC boosted its holdings in shares of EOG Resources by 98.6% in the 3rd quarter. DRW Securities LLC now owns 26,838 shares of the energy exploration company’s stock worth $3,299,000 after purchasing an additional 13,324 shares during the period. Caprock Group LLC boosted its stake in EOG Resources by 7.7% during the third quarter. Caprock Group LLC now owns 12,112 shares of the energy exploration company’s stock worth $1,489,000 after buying an additional 862 shares during the period. World Investment Advisors LLC purchased a new stake in shares of EOG Resources in the third quarter valued at $730,000. Oak Ridge Investments LLC lifted its holdings in shares of EOG Resources by 5.9% in the 4th quarter. Oak Ridge Investments LLC now owns 41,274 shares of the energy exploration company’s stock worth $5,059,000 after acquiring an additional 2,311 shares during the last quarter. Finally, University of Texas Texas AM Investment Management Co. boosted its stake in shares of EOG Resources by 3,976.8% during the 2nd quarter. University of Texas Texas AM Investment Management Co. now owns 10,885 shares of the energy exploration company’s stock worth $1,370,000 after purchasing an additional 10,618 shares during the period. 89.91% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Janet F. Clark sold 568 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was 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 owns 43,532 shares in the company, valued at $5,891,185.56. This trade represents a 1.29 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $120.89, for a total value of $483,560.00. Following the sale, the chief operating officer now directly owns 42,703 shares of the company’s stock, valued at approximately $5,162,365.67. This represents a 8.56 % decrease in their position. The disclosure for this sale can be found here. 0.20% of the stock is owned by company insiders.

EOG Resources Trading Down 0.0 %

NYSE EOG opened at $130.23 on Thursday. EOG Resources, Inc. has a 52 week low of $108.94 and a 52 week high of $139.67. The company has a 50 day moving average price of $128.82 and a 200 day moving average price of $127.41. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. The firm has a market cap of $73.25 billion, a PE ratio of 10.49, a price-to-earnings-growth ratio of 3.68 and a beta of 1.29.

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

EOG Resources announced that its Board of Directors has approved a share buyback plan on Thursday, November 7th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the energy exploration company to buy up to 7% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

EOG Resources Increases Dividend

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

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Piper Sandler raised their price objective on shares of EOG Resources from $140.00 to $141.00 and gave the stock a “neutral” rating in a research note on Wednesday. Wolfe Research upgraded EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 price objective for the company in a report on Friday, January 3rd. Mizuho reduced their target price on EOG Resources from $156.00 to $148.00 and set an “outperform” rating on the stock in a research note on Monday, December 16th. Royal Bank of Canada reissued a “sector perform” rating and set a $150.00 target price on shares of EOG Resources in a research note on Monday, January 6th. Finally, Bank of America reaffirmed a “neutral” rating and issued a $144.00 price target (down previously from $151.00) on shares of EOG Resources in a research note on Monday, January 13th. Thirteen equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, EOG Resources has a consensus rating of “Hold” and an average price target of $143.90.

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.