Certuity LLC Makes New $727,000 Investment in EOG Resources, Inc. $EOG

Certuity LLC acquired a new stake in EOG Resources, Inc. (NYSE:EOG) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 6,081 shares of the energy exploration company’s stock, valued at approximately $727,000.

A number of other hedge funds have also recently modified their holdings of EOG. Zions Bancorporation National Association UT purchased a new position in EOG Resources during the first quarter valued at approximately $85,000. Independent Advisor Alliance boosted its position in EOG Resources by 6.8% in the 1st quarter. Independent Advisor Alliance now owns 34,804 shares of the energy exploration company’s stock worth $4,463,000 after purchasing an additional 2,202 shares in the last quarter. Public Sector Pension Investment Board grew its stake in shares of EOG Resources by 3.0% during the 1st quarter. Public Sector Pension Investment Board now owns 150,339 shares of the energy exploration company’s stock worth $19,279,000 after purchasing an additional 4,424 shares during the period. Stone House Investment Management LLC purchased a new position in shares of EOG Resources during the 1st quarter valued at approximately $48,000. Finally, Rossmore Private Capital lifted its stake in shares of EOG Resources by 3.0% in the 1st quarter. Rossmore Private Capital now owns 7,922 shares of the energy exploration company’s stock valued at $1,016,000 after purchasing an additional 228 shares during the period. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on EOG. The Goldman Sachs Group dropped their price target on shares of EOG Resources from $130.00 to $125.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 15th. Jefferies Financial Group set a $145.00 price target on EOG Resources in a research note on Sunday, October 12th. Evercore ISI lifted their price target on EOG Resources from $141.00 to $149.00 and gave the company an “outperform” rating in a research note on Monday, October 6th. Argus downgraded EOG Resources from a “buy” rating to a “hold” rating in a research report on Monday, August 25th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of EOG Resources in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seventeen have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $139.50.

EOG Resources Trading Down 1.2%

EOG stock opened at $109.30 on Wednesday. EOG Resources, Inc. has a 12-month low of $102.52 and a 12-month high of $138.18. The business’s 50-day moving average is $108.07 and its 200 day moving average is $115.06. The company has a current ratio of 1.62, a quick ratio of 1.43 and a debt-to-equity ratio of 0.25. The stock has a market cap of $59.31 billion, a price-to-earnings ratio of 10.89, a PEG ratio of 8.35 and a beta of 0.49.

EOG Resources (NYSE:EOG) last announced its earnings results on Thursday, November 6th. The energy exploration company reported $2.71 EPS for the quarter, beating analysts’ consensus estimates of $2.42 by $0.29. The business had revenue of $5.85 billion during the quarter, compared to analysts’ expectations of $5.48 billion. EOG Resources had a return on equity of 19.80% and a net margin of 24.49%.The business’s revenue was down 2.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.89 earnings per share. On average, sell-side analysts anticipate that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Friday, January 16th will be paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Friday, January 16th. EOG Resources’s payout ratio is 40.64%.

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.