EOG Resources, Inc. $EOG Shares Purchased by Ceera Investments LLC

Ceera Investments LLC increased its position in shares of EOG Resources, Inc. (NYSE:EOG) by 72.4% during the 4th quarter, HoldingsChannel reports. The fund owned 11,879 shares of the energy exploration company’s stock after acquiring an additional 4,987 shares during the quarter. Ceera Investments LLC’s holdings in EOG Resources were worth $1,247,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Olistico Wealth LLC acquired a new position in shares of EOG Resources during the 4th quarter valued at about $33,000. Physician Wealth Advisors Inc. boosted its position in shares of EOG Resources by 103.0% during the 4th 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 acquired a new position in shares of EOG Resources during the 4th quarter valued at about $38,000. City Holding Co. boosted its position in shares of EOG Resources by 469.2% during 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 last quarter. Finally, AXS Investments LLC acquired a new position in shares of EOG Resources during the 3rd quarter valued at about $41,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Barclays boosted their price target on shares of EOG Resources from $133.00 to $140.00 and gave the company an “equal weight” rating in a research report on Monday, March 16th. Williams Trading set a $177.00 price target on shares of EOG Resources in a research report on Monday, April 20th. DA Davidson boosted their price target on shares of EOG Resources from $148.00 to $153.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Raymond James Financial upped their target price on shares of EOG Resources from $157.00 to $185.00 and gave the company a “strong-buy” rating in a research report on Friday, March 27th. Finally, UBS Group upped their target price on shares of EOG Resources from $141.00 to $149.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and fifteen have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $155.64.

Insider Activity

In other news, CFO Ann D. Janssen sold 4,161 shares of the stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $140.04, for a total transaction of $582,706.44. Following the sale, the chief financial officer owned 100,246 shares of the company’s stock, valued at approximately $14,038,449.84. This represents a 3.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Jeffrey R. Leitzell sold 5,698 shares of the stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $150.32, for a total transaction of $856,523.36. Following the sale, the chief operating officer directly owned 88,045 shares in the company, valued at $13,234,924.40. This represents a 6.08% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 16,230 shares of company stock worth $2,272,568 in the last three months. Corporate insiders own 0.14% of the company’s stock.

EOG Resources Trading Up 0.1%

NYSE EOG opened at $141.43 on Tuesday. The firm’s 50-day moving average is $138.07 and its two-hundred day moving average is $121.04. EOG Resources, Inc. has a 12 month low of $101.59 and a 12 month high of $151.87. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.72 and a quick ratio of 1.53. The stock has a market capitalization of $75.33 billion, a P/E ratio of 13.92 and a beta of 0.27.

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

EOG Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders 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 yield of 2.9%. EOG Resources’s dividend payout ratio is 40.16%.

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.