Banque Pictet & Cie SA Sells 132,693 Shares of EOG Resources, Inc. $EOG

Banque Pictet & Cie SA lessened its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 64.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 72,499 shares of the energy exploration company’s stock after selling 132,693 shares during the quarter. Banque Pictet & Cie SA’s holdings in EOG Resources were worth $7,613,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in EOG. Hemington Wealth Management boosted its position in shares of EOG Resources by 7.2% during the third quarter. Hemington Wealth Management now owns 1,383 shares of the energy exploration company’s stock worth $155,000 after buying an additional 93 shares during the period. Bollard Group LLC raised its position in EOG Resources by 0.8% in the 3rd quarter. Bollard Group LLC now owns 11,747 shares of the energy exploration company’s stock valued at $1,317,000 after buying an additional 93 shares during the last quarter. apricus wealth LLC lifted its stake in EOG Resources by 5.0% in the 3rd quarter. apricus wealth LLC now owns 2,002 shares of the energy exploration company’s stock valued at $224,000 after acquiring an additional 95 shares in the last quarter. Sowell Financial Services LLC lifted its stake in EOG Resources by 1.6% in the 3rd quarter. Sowell Financial Services LLC now owns 6,234 shares of the energy exploration company’s stock valued at $699,000 after acquiring an additional 96 shares in the last quarter. Finally, Hardy Reed LLC boosted its position in EOG Resources by 4.5% during the 3rd quarter. Hardy Reed LLC now owns 2,267 shares of the energy exploration company’s stock worth $254,000 after acquiring an additional 97 shares during the last quarter. 89.91% of the stock is currently owned by institutional investors.

EOG Resources Trading Up 1.6%

EOG stock opened at $142.62 on Friday. EOG Resources, Inc. has a one year low of $101.59 and a one year high of $151.87. The stock has a market cap of $76.40 billion, a price-to-earnings ratio of 15.65, a price-to-earnings-growth ratio of 3.01 and a beta of 0.32. The company has a fifty day moving average price of $126.37 and a two-hundred day moving average price of $114.59. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.63 and a quick ratio of 1.42.

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

EOG Resources Announces Dividend

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

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

Insider Activity at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 5,698 shares of the stock in a transaction that occurred on Tuesday, March 31st. The stock was sold at an average price of $150.32, for a total transaction of $856,523.36. Following the transaction, the chief operating officer owned 88,045 shares in the company, valued at approximately $13,234,924.40. This trade represents a 6.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Ann D. Janssen sold 4,161 shares of the stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $140.04, for a total value of $582,706.44. Following the transaction, the chief financial officer owned 100,246 shares in the company, valued at approximately $14,038,449.84. This trade represents a 3.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 18,230 shares of company stock valued at $2,522,568 over the last 90 days. Company insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Roth Mkm reaffirmed a “neutral” rating and set a $110.00 price target on shares of EOG Resources in a research note on Wednesday, February 25th. Raymond James Financial increased their target price on shares of EOG Resources from $157.00 to $185.00 and gave the stock a “strong-buy” rating in a report on Friday, March 27th. Capital One Financial raised their target price on shares of EOG Resources from $130.00 to $161.00 and gave the company an “overweight” rating in a research report on Thursday, March 26th. Citigroup lifted their price target on shares of EOG Resources from $115.00 to $150.00 and gave the company a “neutral” rating in a research note on Monday. Finally, Piper Sandler boosted their price target on shares of EOG Resources from $144.00 to $147.00 and gave the stock a “neutral” rating in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eighteen have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $145.04.

About EOG Resources

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.