EOG Resources, Inc. $EOG Shares Sold by Cerity Partners LLC

Cerity Partners LLC trimmed its stake in EOG Resources, Inc. (NYSE:EOG) by 4.8% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 102,188 shares of the energy exploration company’s stock after selling 5,119 shares during the quarter. Cerity Partners LLC’s holdings in EOG Resources were worth $11,457,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Strs Ohio acquired a new stake in EOG Resources during the 1st quarter worth about $17,408,000. Modern Wealth Management LLC acquired a new stake in shares of EOG Resources during the 1st quarter valued at $229,000. Rowlandmiller & PARTNERS.ADV grew its holdings in shares of EOG Resources by 37.9% during the 2nd quarter. Rowlandmiller & PARTNERS.ADV now owns 1,165 shares of the energy exploration company’s stock valued at $139,000 after acquiring an additional 320 shares in the last quarter. Central Pacific Bank Trust Division increased its stake in shares of EOG Resources by 8.3% in the second quarter. Central Pacific Bank Trust Division now owns 2,510 shares of the energy exploration company’s stock worth $300,000 after acquiring an additional 192 shares during the last quarter. Finally, LVM Capital Management Ltd. MI increased its stake in shares of EOG Resources by 1.3% in the second quarter. LVM Capital Management Ltd. MI now owns 88,118 shares of the energy exploration company’s stock worth $10,540,000 after acquiring an additional 1,126 shares during the last quarter. 89.91% of the stock is owned by institutional investors and hedge funds.

EOG Resources Stock Down 0.6%

Shares of EOG opened at $104.94 on Friday. The company has a market capitalization of $56.94 billion, a P/E ratio of 10.45, a PEG ratio of 8.22 and a beta of 0.49. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.62 and a quick ratio of 1.43. EOG Resources, Inc. has a one year low of $101.59 and a one year high of $138.18. The business’s 50 day simple moving average is $106.65 and its 200-day simple moving average is $113.17.

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

EOG Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Friday, January 16th will be issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Friday, January 16th. EOG Resources’s dividend payout ratio (DPR) is presently 40.64%.

Insider Transactions at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 31st. The stock was sold at an average price of $105.68, for a total value of $211,360.00. Following the sale, the chief operating officer owned 54,979 shares in the company, valued at approximately $5,810,180.72. The trade was a 3.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

EOG has been the topic of a number of research reports. Weiss Ratings restated a “hold (c)” rating on shares of EOG Resources in a report on Wednesday, October 8th. UBS Group restated a “buy” rating and set a $141.00 target price (down from $144.00) on shares of EOG Resources in a report on Friday, December 12th. The Goldman Sachs Group decreased their price target on EOG Resources from $130.00 to $125.00 and set a “neutral” rating for the company in a research note on Wednesday, October 15th. Barclays set a $136.00 price target on EOG Resources and gave the company an “equal weight” rating in a report on Tuesday, October 7th. Finally, Roth Capital reiterated a “neutral” rating on shares of EOG Resources in a research note on Monday, December 15th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seventeen have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $138.14.

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.