CIBC Asset Management Inc Buys 48,497 Shares of EOG Resources, Inc. $EOG

CIBC Asset Management Inc increased its stake in EOG Resources, Inc. (NYSE:EOG) by 54.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 137,124 shares of the energy exploration company’s stock after buying an additional 48,497 shares during the quarter. CIBC Asset Management Inc’s holdings in EOG Resources were worth $14,399,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in EOG. Olistico Wealth LLC bought a new stake in EOG Resources during the fourth quarter worth $33,000. Physician Wealth Advisors Inc. lifted its stake in EOG Resources by 103.0% in the fourth quarter. Physician Wealth Advisors Inc. now owns 335 shares of the energy exploration company’s stock valued at $35,000 after acquiring an additional 170 shares during the last quarter. Laurel Wealth Advisors LLC bought a new position in shares of EOG Resources in the 4th quarter valued at about $38,000. City Holding Co. grew its position in shares of EOG Resources by 469.2% in the 4th quarter. City Holding Co. now owns 370 shares of the energy exploration company’s stock valued at $39,000 after acquiring an additional 305 shares during the period. Finally, Osterweis Capital Management Inc. increased its stake in shares of EOG Resources by 3,790.0% during the 2nd quarter. Osterweis Capital Management Inc. now owns 389 shares of the energy exploration company’s stock worth $47,000 after purchasing an additional 379 shares during the last quarter. 89.91% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on EOG. Barclays upped their target price on shares of EOG Resources from $140.00 to $153.00 and gave the company an “equal weight” rating in a report on Tuesday, May 26th. Royal Bank Of Canada boosted their price target on EOG Resources from $138.00 to $175.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 8th. Sanford C. Bernstein dropped their price objective on EOG Resources from $167.00 to $155.00 and set a “market perform” rating on the stock in a research note on Wednesday, May 20th. Morgan Stanley raised their price objective on EOG Resources from $155.00 to $160.00 and gave the company an “equal weight” rating in a research report on Thursday, May 21st. Finally, Williams Trading set a $177.00 target price on EOG Resources in a research note on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and sixteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $156.32.

Insider Activity at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 5,698 shares of the company’s stock in a transaction on Tuesday, March 31st. The stock was sold at an average price of $150.32, for a total value of $856,523.36. Following the transaction, the chief operating officer directly owned 88,045 shares of the company’s stock, valued at $13,234,924.40. This represents a 6.08% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Ann D. Janssen sold 4,161 shares of the stock in a transaction 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 $14,038,449.84. The trade was a 3.99% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 12,456 shares of company stock valued at $1,788,033. 0.14% of the stock is currently owned by insiders.

EOG Resources Stock Performance

Shares of EOG stock opened at $140.79 on Friday. EOG Resources, Inc. has a 52 week low of $101.59 and a 52 week high of $151.87. The company has a market capitalization of $74.99 billion, a price-to-earnings ratio of 13.86 and a beta of 0.25. The company has a 50-day simple moving average of $137.97 and a 200 day simple moving average of $122.71. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.53 and a current ratio of 1.72.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share for the quarter, beating the consensus estimate of $3.23 by $0.18. The firm had revenue of $6.92 billion for the quarter, compared to analysts’ expectations of $6.18 billion. EOG Resources had a net margin of 23.01% and a return on equity of 19.25%. The business’s revenue was up 22.1% on a year-over-year basis. During the same period in the prior year, the firm earned $2.87 EPS. On average, sell-side analysts predict that EOG Resources, Inc. will post 15.67 earnings per share for the current year.

EOG Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 17th will be paid a dividend of $1.02 per share. The ex-dividend date is Friday, July 17th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.9%. EOG Resources’s dividend payout ratio (DPR) is 40.16%.

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.