Zurcher Kantonalbank Zurich Cantonalbank Acquires 1,189 Shares of EOG Resources Inc (NYSE:EOG)

Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of EOG Resources Inc (NYSE:EOG) by 0.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 147,321 shares of the energy exploration company’s stock after acquiring an additional 1,189 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in EOG Resources were worth $10,934,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in EOG Resources by 1.0% in the second quarter. Vanguard Group Inc. now owns 45,641,750 shares of the energy exploration company’s stock worth $4,251,986,000 after purchasing an additional 473,441 shares during the period. BlackRock Inc. lifted its stake in shares of EOG Resources by 3.5% in the second quarter. BlackRock Inc. now owns 35,712,596 shares of the energy exploration company’s stock valued at $3,326,986,000 after buying an additional 1,201,811 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of EOG Resources by 0.7% in the second quarter. Bank of New York Mellon Corp now owns 14,661,614 shares of the energy exploration company’s stock valued at $1,365,875,000 after buying an additional 98,651 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in shares of EOG Resources by 100.1% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 12,253,340 shares of the energy exploration company’s stock valued at $1,141,521,000 after buying an additional 6,128,570 shares in the last quarter. Finally, Nuveen Asset Management LLC lifted its stake in shares of EOG Resources by 32,106.0% in the second quarter. Nuveen Asset Management LLC now owns 8,219,605 shares of the energy exploration company’s stock valued at $765,738,000 after buying an additional 8,194,083 shares in the last quarter. 86.50% of the stock is owned by hedge funds and other institutional investors.

A number of research firms have weighed in on EOG. Guggenheim set a $108.00 price objective on shares of EOG Resources and gave the company a “buy” rating in a research note on Wednesday, August 21st. JPMorgan Chase & Co. dropped their price target on shares of EOG Resources from $109.00 to $100.00 and set an “overweight” rating on the stock in a research report on Thursday, August 29th. Piper Jaffray Companies set a $111.00 price target on shares of EOG Resources and gave the company a “buy” rating in a research report on Friday, August 16th. Wells Fargo & Co raised their price target on shares of EOG Resources from $101.00 to $103.00 and gave the company an “outperform” rating in a research report on Monday, August 12th. Finally, KeyCorp dropped their price target on shares of EOG Resources from $110.00 to $97.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 15th. Five analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $110.38.

Shares of EOG stock opened at $67.66 on Tuesday. The firm has a market cap of $37.42 billion, a price-to-earnings ratio of 12.21, a P/E/G ratio of 1.50 and a beta of 1.34. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.83 and a current ratio of 1.02. EOG Resources Inc has a 52 week low of $64.33 and a 52 week high of $118.34. The firm’s 50-day simple moving average is $74.09 and its two-hundred day simple moving average is $84.93.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Thursday, August 1st. The energy exploration company reported $1.31 EPS for the quarter, missing the consensus estimate of $1.33 by ($0.02). The company had revenue of $4.70 billion during the quarter, compared to the consensus estimate of $4.41 billion. EOG Resources had a return on equity of 16.25% and a net margin of 19.69%. The business’s revenue was up 10.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.37 EPS. Analysts forecast that EOG Resources Inc will post 4.82 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 17th will be paid a $0.2875 dividend. The ex-dividend date of this dividend is Wednesday, October 16th. This represents a $1.15 annualized dividend and a dividend yield of 1.70%. EOG Resources’s payout ratio is 20.76%.

About EOG Resources

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil and natural gas. The company's principal producing areas are located in New Mexico, North Dakota, Texas, Utah, and Wyoming in the United States; and the Republic of Trinidad and Tobago, the People's Republic of China, and Canada.

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Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)

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