Swiss National Bank Reduces Position in EOG Resources Inc (EOG)
Swiss National Bank lessened its stake in shares of EOG Resources Inc (NYSE:EOG) by 3.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 2,130,066 shares of the energy exploration company’s stock after selling 73,900 shares during the quarter. Swiss National Bank’s holdings in EOG Resources were worth $229,855,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. Baker Ellis Asset Management LLC acquired a new position in shares of EOG Resources during the 3rd quarter valued at $101,000. Chicago Partners Investment Group LLC raised its holdings in EOG Resources by 178.0% during the third quarter. Chicago Partners Investment Group LLC now owns 1,112 shares of the energy exploration company’s stock worth $108,000 after buying an additional 712 shares during the last quarter. SeaCrest Wealth Management LLC acquired a new position in EOG Resources during the fourth quarter worth $123,000. Cerebellum GP LLC acquired a new position in EOG Resources during the fourth quarter worth $125,000. Finally, Fis Group Inc. acquired a new position in EOG Resources during the third quarter worth $130,000. Institutional investors own 85.59% of the company’s stock.
EOG has been the topic of several research reports. Morgan Stanley set a $116.00 price objective on shares of EOG Resources and gave the stock a “buy” rating in a report on Wednesday, October 18th. Bank of America downgraded shares of EOG Resources from a “buy” rating to a “neutral” rating and set a $125.00 price objective on the stock. in a report on Thursday, January 4th. They noted that the move was a valuation call. Argus upped their price objective on shares of EOG Resources to $133.00 and gave the stock a “buy” rating in a report on Monday, January 8th. Zacks Investment Research downgraded shares of EOG Resources from a “buy” rating to a “hold” rating in a report on Friday, October 20th. Finally, Citigroup upgraded shares of EOG Resources from a “neutral” rating to a “buy” rating and set a $125.00 price objective on the stock in a report on Wednesday, January 3rd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $116.72.
The company also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 17th were paid a $0.1675 dividend. The ex-dividend date of this dividend was Tuesday, January 16th. This represents a $0.67 annualized dividend and a dividend yield of 0.67%. EOG Resources’s payout ratio is 6,700.00%.
In related news, EVP Michael P. Donaldson sold 15,322 shares of the stock in a transaction dated Thursday, January 11th. The shares were sold at an average price of $114.26, for a total transaction of $1,750,691.72. Following the completion of the transaction, the executive vice president now owns 59,917 shares in the company, valued at $6,846,116.42. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, President Gary L. Thomas sold 2,000 shares of the stock in a transaction dated Friday, December 29th. The shares were sold at an average price of $107.95, for a total transaction of $215,900.00. Following the transaction, the president now owns 1,046,430 shares of the company’s stock, valued at approximately $112,962,118.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 69,934 shares of company stock valued at $7,820,085. Company insiders own 0.53% of the company’s stock.
EOG Resources Profile
EOG Resources, Inc explores for, develops, produces and markets crude oil and natural gas in major producing basins in the United States, The Republic of Trinidad and Tobago, the United Kingdom, The People’s Republic of China, Canada and, from time to time, select other international areas. Its operations are all crude oil and natural gas exploration and production related.
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