Cetera Advisor Networks LLC trimmed its holdings in shares of EOG Resources, Inc. (NYSE:EOG – Free Report) by 13.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 36,651 shares of the energy exploration company’s stock after selling 5,604 shares during the quarter. Cetera Advisor Networks LLC’s holdings in EOG Resources were worth $4,194,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. Fortis Capital Advisors LLC purchased a new stake in shares of EOG Resources during the fourth quarter valued at approximately $28,000. Pinnacle Holdings LLC bought a new position in EOG Resources during the first quarter valued at $25,000. Lumature Wealth Partners LLC bought a new position in EOG Resources during the first quarter valued at $28,000. Kalos Management Inc. bought a new position in EOG Resources during the first quarter valued at $27,000. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC grew its holdings in EOG Resources by 1,436.8% during the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 292 shares of the energy exploration company’s stock valued at $34,000 after purchasing an additional 273 shares during the period. 89.21% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several equities analysts have weighed in on EOG shares. UBS Group increased their price objective on EOG Resources from $164.00 to $165.00 and gave the company a “buy” rating in a report on Wednesday, October 4th. Raymond James reduced their price objective on EOG Resources from $150.00 to $140.00 and set a “strong-buy” rating for the company in a report on Monday, July 24th. Sanford C. Bernstein lowered EOG Resources from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $155.00 to $146.00 in a report on Tuesday, October 17th. StockNews.com assumed coverage on EOG Resources in a report on Thursday, October 5th. They issued a “hold” rating for the company. Finally, JPMorgan Chase & Co. raised their price target on EOG Resources from $145.00 to $156.00 and gave the stock an “overweight” rating in a report on Wednesday, September 27th. Seven equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $147.77.
EOG Resources Trading Up 1.0 %
NYSE EOG opened at $125.23 on Tuesday. The stock’s 50-day simple moving average is $127.24 and its two-hundred day simple moving average is $122.54. EOG Resources, Inc. has a twelve month low of $98.52 and a twelve month high of $144.91. The company has a quick ratio of 2.10, a current ratio of 2.43 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $73.03 billion, a price-to-earnings ratio of 9.30, a PEG ratio of 0.36 and a beta of 1.51.
EOG Resources Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 17th will be issued a $0.91 dividend. The ex-dividend date is Tuesday, January 16th. This represents a $3.64 annualized dividend and a dividend yield of 2.91%. This is an increase from EOG Resources’s previous quarterly dividend of $0.83. EOG Resources’s payout ratio is currently 24.52%.
EOG Resources Company Profile
EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, and natural gas and natural gas liquids. Its principal producing areas are in New Mexico and Texas in the United States; and the Republic of Trinidad and Tobago. The company was formerly known as Enron Oil & Gas Company.
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