Bank Pictet & Cie Europe AG Cuts Stake in EOG Resources, Inc. $EOG

Bank Pictet & Cie Europe AG lowered its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 97.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,414 shares of the energy exploration company’s stock after selling 156,146 shares during the quarter. Bank Pictet & Cie Europe AG’s holdings in EOG Resources were worth $359,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. First Trust Advisors LP raised its position in EOG Resources by 64.1% in the second quarter. First Trust Advisors LP now owns 3,728,128 shares of the energy exploration company’s stock worth $445,921,000 after acquiring an additional 1,456,928 shares during the period. Capital World Investors grew its position in shares of EOG Resources by 1.4% during the 3rd quarter. Capital World Investors now owns 54,907,949 shares of the energy exploration company’s stock valued at $6,156,495,000 after acquiring an additional 782,426 shares during the period. Qube Research & Technologies Ltd purchased a new stake in shares of EOG Resources during the 3rd quarter worth approximately $87,193,000. TD Asset Management Inc increased its stake in shares of EOG Resources by 288.1% during the 3rd quarter. TD Asset Management Inc now owns 892,482 shares of the energy exploration company’s stock worth $100,065,000 after purchasing an additional 662,539 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in shares of EOG Resources by 140.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,102,999 shares of the energy exploration company’s stock worth $115,826,000 after purchasing an additional 644,569 shares during the period. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Key EOG Resources News

Here are the key news stories impacting EOG Resources this week:

• Positive Sentiment: BMO Capital Markets raised its price target to $160 and kept an “outperform” rating, supporting upside expectations for EOG. BMO raises PT to $160
• Positive Sentiment: Stephens raised its target to $170 (equal‑weight), a sizeable upgrade that signals higher analyst valuation for EOG. Stephens raises PT to $170
• Positive Sentiment: EOG reached a new 52‑week high after an analyst upgrade, a near‑term technical/psychological positive for the stock. New 52-week high after upgrade
• Neutral Sentiment: Piper Sandler and Mizuho nudged targets slightly higher (to $147) but maintained neutral ratings, indicating modest upside without a bullish stance. Piper/Mizuho raises
• Neutral Sentiment: Brokerages’ consensus remains roughly a “Hold” on EOG, suggesting mixed views despite recent target lifts. Average recommendation Hold
• Neutral Sentiment: Mizuho specifically cited an improved EBITDA outlook when adjusting its target, a fundamental positive to monitor for earnings sensitivity. Mizuho EBITDA outlook
• Negative Sentiment: Oil prices fell on renewed hopes for a cease‑fire in the Iran conflict and profit‑taking after March’s surge; lower crude directly pressures EOG’s near‑term revenue and cash‑flow outlook. Oil prices fall on cease-fire hopes
• Negative Sentiment: COO Jeffrey Leitzell sold ~5,698 shares at about $150.32 (Mar 31), trimming his stake ~6% — an insider sale that may be viewed negatively by some investors despite being routine diversification. COO insider sale Form 4

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on EOG shares. Johnson Rice dropped their price objective on EOG Resources from $145.00 to $135.00 and set a “hold” rating on the stock in a research note on Friday, December 5th. Capital One Financial raised their target price on EOG Resources from $130.00 to $161.00 and gave the stock an “overweight” rating in a research report on Thursday, March 26th. The Goldman Sachs Group lowered their target price on EOG Resources from $125.00 to $123.00 and set a “neutral” rating on the stock in a research note on Thursday, January 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of EOG Resources in a research report on Thursday, January 22nd. Finally, KeyCorp lowered EOG Resources from an “overweight” rating to a “sector weight” rating in a report on Friday, January 16th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eighteen have issued a Hold rating to the company’s stock. According to MarketBeat, EOG Resources has an average rating of “Hold” and a consensus price target of $145.04.

Insider Transactions at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 5,698 shares of the company’s stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $150.32, for a total transaction of $856,523.36. Following the sale, the chief operating officer directly owned 88,045 shares in the company, valued at $13,234,924.40. This represents a 6.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Ann D. Janssen sold 4,161 shares of the stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $140.04, for a total transaction of $582,706.44. Following the completion of the sale, the chief financial officer directly owned 100,246 shares in the company, valued at approximately $14,038,449.84. The trade was a 3.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 18,230 shares of company stock worth $2,522,568 in the last three months. 0.13% of the stock is currently owned by insiders.

EOG Resources Stock Up 1.6%

EOG Resources stock opened at $142.62 on Friday. The firm has a 50 day simple moving average of $126.37 and a 200 day simple moving average of $114.59. The company has a current ratio of 1.63, a quick ratio of 1.42 and a debt-to-equity ratio of 0.27. EOG Resources, Inc. has a 1-year low of $101.59 and a 1-year high of $151.87. The firm has a market capitalization of $76.40 billion, a price-to-earnings ratio of 15.65, a P/E/G ratio of 3.01 and a beta of 0.32.

EOG Resources (NYSE:EOG) last posted its earnings results on Tuesday, February 24th. The energy exploration company reported $2.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.20 by $0.07. EOG Resources had a return on equity of 18.67% and a net margin of 22.00%.The firm had revenue of $5.64 billion for the quarter, compared to the consensus estimate of $5.36 billion. During the same quarter in the prior year, the business posted $2.74 earnings per share. The business’s quarterly revenue was up .9% on a year-over-year basis. On average, analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Thursday, April 16th will be issued a dividend of $1.02 per share. The ex-dividend date of this dividend is Thursday, April 16th. This represents a $4.08 dividend on an annualized basis and a yield of 2.9%. EOG Resources’s dividend payout ratio is 44.79%.

EOG Resources Company Profile

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.