GAM Holding AG Purchases 166 Shares of EOG Resources, Inc. (NYSE:EOG)

GAM Holding AG increased its stake in EOG Resources, Inc. (NYSE:EOG) by 0.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 80,251 shares of the energy exploration company’s stock after acquiring an additional 166 shares during the period. GAM Holding AG’s holdings in EOG Resources were worth $9,865,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EOG. Northwest Investment Counselors LLC purchased a new position in EOG Resources in the third quarter worth about $26,000. Riverview Trust Co purchased a new position in EOG Resources in the second quarter worth about $27,000. MFA Wealth Advisors LLC purchased a new position in shares of EOG Resources during the second quarter valued at approximately $28,000. Eastern Bank purchased a new position in shares of EOG Resources during the third quarter valued at approximately $28,000. Finally, Gladius Capital Management LP purchased a new position in shares of EOG Resources during the second quarter valued at approximately $30,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Performance

Shares of NYSE:EOG opened at $125.07 on Wednesday. The company has a market capitalization of $71.88 billion, a price-to-earnings ratio of 9.88, a price-to-earnings-growth ratio of 3.38 and a beta of 1.28. EOG Resources, Inc. has a 52 week low of $108.94 and a 52 week high of $139.67. The company has a quick ratio of 1.89, a current ratio of 2.12 and a debt-to-equity ratio of 0.11. The firm has a 50 day moving average of $126.16 and a 200 day moving average of $126.93.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.98 by $0.18. The business had revenue of $6.03 billion for the quarter, compared to the consensus estimate of $6.07 billion. EOG Resources had a return on equity of 25.42% and a net margin of 30.33%. The business’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period in the prior year, the firm posted $2.49 earnings per share. On average, sell-side analysts predict that EOG Resources, Inc. will post 11.83 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 17th will be issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date is Thursday, October 17th. EOG Resources’s dividend payout ratio (DPR) is presently 28.75%.

Insider Activity

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the business’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $126.48, for a total transaction of $505,920.00. Following the sale, the chief operating officer now directly owns 35,058 shares of the company’s stock, valued at $4,434,135.84. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the company’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $126.48, for a total value of $505,920.00. Following the sale, the chief operating officer now directly owns 35,058 shares of the company’s stock, valued at approximately $4,434,135.84. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Michael P. Donaldson sold 11,037 shares of the company’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $129.50, for a total transaction of $1,429,291.50. Following the completion of the sale, the executive vice president now directly owns 74,250 shares in the company, valued at approximately $9,615,375. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,537 shares of company stock valued at $2,751,612 over the last ninety days. 0.30% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have issued reports on EOG. Royal Bank of Canada restated a “sector perform” rating and set a $145.00 target price on shares of EOG Resources in a research report on Monday, October 14th. UBS Group dropped their target price on EOG Resources from $167.00 to $154.00 and set a “buy” rating for the company in a research report on Wednesday, September 18th. Scotiabank dropped their target price on EOG Resources from $150.00 to $140.00 and set a “sector perform” rating for the company in a research report on Thursday, October 10th. Truist Financial dropped their target price on EOG Resources from $130.00 to $115.00 and set a “hold” rating for the company in a research report on Monday, September 30th. Finally, Wells Fargo & Company dropped their target price on EOG Resources from $140.00 to $135.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 1st. Fourteen analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $141.20.

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.