Centaurus Financial Inc. Boosts Stake in EOG Resources, Inc. (NYSE:EOG)

Centaurus Financial Inc. increased its stake in EOG Resources, Inc. (NYSE:EOG – Get Rating) by 59.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,578 shares of the energy exploration company’s stock after acquiring an additional 1,334 shares during the period. Centaurus Financial Inc.’s holdings in EOG Resources were worth $400,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of EOG. Westside Investment Management Inc. bought a new position in shares of EOG Resources in the 3rd quarter worth approximately $22,346,000. HM Payson & Co. grew its stake in shares of EOG Resources by 54.3% in the 3rd quarter. HM Payson & Co. now owns 233 shares of the energy exploration company’s stock worth $26,000 after buying an additional 82 shares during the last quarter. Lumature Wealth Partners LLC purchased a new stake in EOG Resources during the 1st quarter valued at $28,000. Larson Financial Group LLC purchased a new stake in EOG Resources during the 3rd quarter valued at $31,000. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its stake in EOG Resources by 1,436.8% during the 1st 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 last quarter. Institutional investors own 87.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on EOG. Piper Sandler cut their target price on EOG Resources from $174.00 to $171.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 7th. Roth Capital reaffirmed a “buy” rating on shares of EOG Resources in a research note on Friday, February 24th. Citigroup cut their price target on shares of EOG Resources from $160.00 to $122.00 in a report on Friday. Truist Financial lowered their price target on shares of EOG Resources from $152.00 to $146.00 in a report on Thursday, December 15th. Finally, Credit Suisse Group decreased their price objective on shares of EOG Resources from $160.00 to $155.00 and set an “outperform” rating for the company in a research report on Friday, February 24th. Five investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $152.45.

EOG Resources Price Performance

Shares of NYSE:EOG opened at $102.75 on Friday. EOG Resources, Inc. has a 12 month low of $92.16 and a 12 month high of $150.88. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.90 and a quick ratio of 1.71. The firm has a market capitalization of $60.39 billion, a P/E ratio of 7.78, a P/E/G ratio of 0.28 and a beta of 1.52. The company’s fifty day moving average price is $123.48 and its 200 day moving average price is $127.07.

EOG Resources (NYSE:EOG – Get Rating) last issued its quarterly earnings data on Friday, February 24th. The energy exploration company reported $3.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.31 by ($0.01). EOG Resources had a return on equity of 34.95% and a net margin of 30.19%. The business had revenue of $6.72 billion for the quarter, compared to analysts’ expectations of $6.09 billion. During the same period in the previous year, the business posted $3.09 earnings per share. The company’s revenue for the quarter was up 11.2% on a year-over-year basis. As a group, sell-side analysts predict that EOG Resources, Inc. will post 12.58 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 28th. Shareholders of record on Friday, April 14th will be given a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 3.21%. The ex-dividend date is Thursday, April 13th. EOG Resources’s payout ratio is currently 24.98%.

Insiders Place Their Bets

In other EOG Resources news, Director Michael T. Kerr acquired 20,000 shares of the stock in a transaction on Thursday, January 12th. The shares were bought at an average cost of $130.49 per share, with a total value of $2,609,800.00. Following the transaction, the director now owns 170,000 shares of the company’s stock, valued at approximately $22,183,300. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.40% of the stock is currently owned by insiders.

About EOG Resources

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EOG Resources, Inc engages in the exploration, development, production and marketing of crude oil and natural gas. It operates through the United States, Trinidad & Tobago, and Other International segments. The company was founded in 1985 and is headquartered in Houston, TX.