Zurcher Kantonalbank Zurich Cantonalbank Grows Stock Holdings in EOG Resources, Inc. (NYSE:EOG)

Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of EOG Resources, Inc. (NYSE:EOG) by 4.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 277,607 shares of the energy exploration company’s stock after purchasing an additional 11,069 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in EOG Resources were worth $34,126,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Cape ANN Savings Bank lifted its position in EOG Resources by 0.9% in the 3rd quarter. Cape ANN Savings Bank now owns 8,679 shares of the energy exploration company’s stock worth $1,067,000 after buying an additional 79 shares during the last quarter. CVA Family Office LLC boosted its stake in shares of EOG Resources by 11.0% in the 2nd quarter. CVA Family Office LLC now owns 820 shares of the energy exploration company’s stock valued at $103,000 after purchasing an additional 81 shares in the last quarter. Bailard Inc. grew its holdings in shares of EOG Resources by 0.4% during the 2nd quarter. Bailard Inc. now owns 19,899 shares of the energy exploration company’s stock valued at $2,505,000 after purchasing an additional 81 shares during the last quarter. Everpar Advisors LLC raised its position in EOG Resources by 3.6% in the 3rd quarter. Everpar Advisors LLC now owns 2,380 shares of the energy exploration company’s stock worth $293,000 after purchasing an additional 83 shares during the period. Finally, Altman Advisors Inc. lifted its stake in EOG Resources by 0.7% in the second quarter. Altman Advisors Inc. now owns 12,731 shares of the energy exploration company’s stock worth $1,603,000 after purchasing an additional 85 shares during the last quarter. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on EOG shares. Evercore ISI decreased their price objective on EOG Resources from $150.00 to $145.00 and set an “outperform” rating on the stock in a report on Monday, September 30th. UBS Group dropped their price target on EOG Resources from $167.00 to $154.00 and set a “buy” rating for the company in a research note on Wednesday, September 18th. StockNews.com cut shares of EOG Resources from a “buy” rating to a “hold” rating in a research report on Saturday, November 16th. Benchmark reissued a “hold” rating on shares of EOG Resources in a research note on Tuesday, November 12th. Finally, Raymond James lifted their price objective on EOG Resources from $156.00 to $167.00 and gave the company a “strong-buy” rating in a research report on Thursday, November 21st. Fifteen analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, EOG Resources currently has a consensus rating of “Hold” and a consensus target price of $144.20.

Insider Transactions at EOG Resources

In other news, Director Janet F. Clark sold 568 shares of EOG Resources stock in a transaction that occurred 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 sale, the director now directly owns 43,532 shares in the company, valued at $5,891,185.56. The trade was a 1.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.20% of the company’s stock.

EOG Resources Price Performance

Shares of EOG opened at $133.09 on Friday. EOG Resources, Inc. has a twelve month low of $108.94 and a twelve month high of $139.67. The company has a market capitalization of $74.86 billion, a P/E ratio of 10.72, a price-to-earnings-growth ratio of 3.51 and a beta of 1.28. The firm has a 50 day moving average of $128.67 and a 200 day moving average of $126.27. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13.

EOG Resources Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be issued a $0.975 dividend. This is a positive change from EOG Resources’s previous quarterly dividend of $0.91. The ex-dividend date is Friday, January 17th. This represents a $3.90 dividend on an annualized basis and a dividend yield of 2.93%. EOG Resources’s dividend payout ratio (DPR) is presently 29.31%.

EOG Resources declared that its board has authorized a stock repurchase plan on Thursday, November 7th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the energy exploration company to purchase up to 7% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

EOG Resources Company 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.