Bank Pictet & Cie Europe AG Lowers Holdings in EOG Resources, Inc. $EOG

Bank Pictet & Cie Europe AG trimmed its position in EOG Resources, Inc. (NYSE:EOG) by 97.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,414 shares of the energy exploration company’s stock after selling 156,146 shares during the period. Bank Pictet & Cie Europe AG’s holdings in EOG Resources were worth $359,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. JCIC Asset Management Inc. bought a new position in shares of EOG Resources in the third quarter worth $32,000. Twin Peaks Wealth Advisors LLC bought a new stake in EOG Resources during the second quarter valued at $35,000. Olistico Wealth LLC bought a new stake in EOG Resources during the fourth quarter valued at $33,000. Salomon & Ludwin LLC grew its position in EOG Resources by 122.8% during the third quarter. Salomon & Ludwin LLC now owns 323 shares of the energy exploration company’s stock worth $36,000 after buying an additional 178 shares in the last quarter. Finally, Mountain Hill Investment Partners Corp. bought a new position in EOG Resources in the 3rd quarter worth about $37,000. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, COO Jeffrey R. Leitzell sold 5,698 shares of EOG Resources stock in a transaction on Tuesday, March 31st. The shares were sold at an average price of $150.32, for a total value of $856,523.36. Following the transaction, the chief operating officer owned 88,045 shares in the company, valued at $13,234,924.40. This trade represents a 6.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Ann D. Janssen sold 4,161 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at $14,038,449.84. This represents a 3.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 18,230 shares of company stock valued at $2,522,568. Company insiders own 0.13% of the company’s stock.

EOG Resources Price Performance

Shares of EOG Resources stock opened at $142.62 on Friday. The company has a current ratio of 1.63, a quick ratio of 1.42 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $76.40 billion, a PE ratio of 15.65, a price-to-earnings-growth ratio of 3.01 and a beta of 0.32. The business’s 50-day moving average price is $126.37 and its 200-day moving average price is $114.59. EOG Resources, Inc. has a 12 month low of $101.59 and a 12 month high of $151.87.

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

EOG Resources Dividend Announcement

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

Trending Headlines about EOG Resources

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

Analysts Set New Price Targets

Several analysts have weighed in on the company. Piper Sandler raised their price target on EOG Resources from $144.00 to $147.00 and gave the company a “neutral” rating in a report on Wednesday. KeyCorp lowered EOG Resources from an “overweight” rating to a “sector weight” rating in a report on Friday, January 16th. Royal Bank Of Canada set a $138.00 price objective on shares of EOG Resources and gave the stock an “outperform” rating in a research report on Tuesday, January 13th. Susquehanna dropped their target price on shares of EOG Resources from $151.00 to $144.00 and set a “positive” rating for the company in a research report on Thursday, February 26th. Finally, Capital One Financial boosted their price target on shares of EOG Resources from $130.00 to $161.00 and gave the stock an “overweight” rating in a research note on Thursday, March 26th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eighteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, EOG Resources has an average rating of “Hold” and an average target price of $145.04.

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.