Cerity Partners LLC Sells 17,271 Shares of EOG Resources, Inc. $EOG

Cerity Partners LLC lessened its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 13.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 107,307 shares of the energy exploration company’s stock after selling 17,271 shares during the period. Cerity Partners LLC’s holdings in EOG Resources were worth $12,835,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Gamco Investors INC. ET AL grew its stake in shares of EOG Resources by 216.1% during the 2nd quarter. Gamco Investors INC. ET AL now owns 6,560 shares of the energy exploration company’s stock valued at $785,000 after acquiring an additional 4,485 shares during the period. Cary Street Partners Investment Advisory LLC raised its stake in EOG Resources by 5.7% during the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 5,339 shares of the energy exploration company’s stock worth $639,000 after acquiring an additional 290 shares during the period. Nkcfo LLC purchased a new position in EOG Resources during the second quarter valued at approximately $2,649,000. Shepherd Financial Partners LLC boosted its position in shares of EOG Resources by 2.2% in the second quarter. Shepherd Financial Partners LLC now owns 18,146 shares of the energy exploration company’s stock worth $2,170,000 after purchasing an additional 386 shares during the period. Finally, Morton Community Bank increased its stake in shares of EOG Resources by 7.1% in the second quarter. Morton Community Bank now owns 27,780 shares of the energy exploration company’s stock worth $3,323,000 after purchasing an additional 1,840 shares in the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Performance

Shares of NYSE:EOG opened at $111.48 on Thursday. The firm has a fifty day simple moving average of $108.07 and a two-hundred day simple moving average of $115.04. EOG Resources, Inc. has a 52 week low of $102.52 and a 52 week high of $138.18. The company has a quick ratio of 1.43, a current ratio of 1.62 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $60.49 billion, a P/E ratio of 11.10, a PEG ratio of 8.26 and a beta of 0.49.

EOG Resources (NYSE:EOG) last announced its quarterly 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. EOG Resources had a net margin of 24.49% and a return on equity of 19.80%. The firm had revenue of $5.85 billion during the quarter, compared to the consensus estimate of $5.48 billion. During the same quarter last year, the firm earned $2.89 EPS. The firm’s revenue for the quarter was down 2.0% compared to the same quarter last year. On average, analysts expect that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Melius Research started coverage on shares of EOG Resources in a research note on Wednesday, August 20th. They set a “buy” rating and a $173.00 target price on the stock. Raymond James Financial reissued a “strong-buy” rating and set a $153.00 price target on shares of EOG Resources in a report on Wednesday, December 3rd. Wolfe Research lowered their price objective on EOG Resources from $139.00 to $138.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 1st. KeyCorp dropped their price objective on EOG Resources from $140.00 to $138.00 and set an “overweight” rating for the company in a research note on Wednesday, September 3rd. Finally, Johnson Rice decreased their target price on EOG Resources from $145.00 to $135.00 and set a “hold” rating on the stock in a research note on Friday, December 5th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and seventeen have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $139.50.

About EOG Resources

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.