Ceera Investments LLC Boosts Stock Holdings in EOG Resources, Inc. $EOG

Ceera Investments LLC grew its position in shares of EOG Resources, Inc. (NYSE:EOG) by 72.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,879 shares of the energy exploration company’s stock after purchasing an additional 4,987 shares during the quarter. Ceera Investments LLC’s holdings in EOG Resources were worth $1,247,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Allstate Corp increased its holdings in shares of EOG Resources by 104.6% during the 4th quarter. Allstate Corp now owns 41,983 shares of the energy exploration company’s stock valued at $4,409,000 after purchasing an additional 21,461 shares in the last quarter. Cooke & Bieler LP increased its holdings in shares of EOG Resources by 63.9% during the 4th quarter. Cooke & Bieler LP now owns 908,164 shares of the energy exploration company’s stock valued at $95,366,000 after purchasing an additional 354,191 shares in the last quarter. Sandy Cove Advisors LLC increased its holdings in shares of EOG Resources by 8.3% during the 4th quarter. Sandy Cove Advisors LLC now owns 2,126 shares of the energy exploration company’s stock valued at $223,000 after purchasing an additional 163 shares in the last quarter. Westover Capital Advisors LLC increased its holdings in shares of EOG Resources by 2.5% during the 4th quarter. Westover Capital Advisors LLC now owns 15,520 shares of the energy exploration company’s stock valued at $1,630,000 after purchasing an additional 378 shares in the last quarter. Finally, Clearstead Advisors LLC grew its stake in EOG Resources by 17.4% in the 4th quarter. Clearstead Advisors LLC now owns 3,995 shares of the energy exploration company’s stock valued at $420,000 after acquiring an additional 593 shares during the period. 89.91% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 5,698 shares of EOG Resources stock in a transaction on Tuesday, March 31st. The shares were sold at an average price of $150.32, for a total transaction of $856,523.36. Following the sale, the chief operating officer owned 88,045 shares of the company’s stock, valued at $13,234,924.40. The trade was a 6.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Ann D. Janssen sold 4,161 shares of EOG Resources stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $140.04, for a total transaction of $582,706.44. Following the sale, the chief financial officer directly owned 100,246 shares in the company, valued at approximately $14,038,449.84. This trade represents a 3.99% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 16,230 shares of company stock worth $2,272,568. 0.14% of the stock is currently owned by corporate insiders.

EOG Resources Trading Up 0.1%

Shares of EOG opened at $141.43 on Tuesday. EOG Resources, Inc. has a 52-week low of $101.59 and a 52-week high of $151.87. The company has a quick ratio of 1.53, a current ratio of 1.72 and a debt-to-equity ratio of 0.26. The firm’s fifty day moving average is $138.07 and its two-hundred day moving average is $121.04. The stock has a market cap of $75.33 billion, a PE ratio of 13.92 and a beta of 0.27.

EOG Resources (NYSE:EOG) last announced its earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share (EPS) for the quarter, topping the consensus estimate 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 previous year, the company posted $2.87 EPS. The firm’s quarterly revenue was up 22.1% on a year-over-year basis. Research analysts forecast that EOG Resources, Inc. will post 15.67 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The firm also recently announced 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. This represents a $4.08 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Friday, July 17th. EOG Resources’s payout ratio is 40.16%.

Analysts Set New Price Targets

Several equities research analysts recently commented on EOG shares. Raymond James Financial boosted their price target on shares of EOG Resources from $157.00 to $185.00 and gave the stock a “strong-buy” rating in a report on Friday, March 27th. Wells Fargo & Company set a $196.00 price target on shares of EOG Resources and gave the stock an “overweight” rating in a report on Wednesday, May 13th. Capital One Financial boosted their price target on shares of EOG Resources from $130.00 to $161.00 and gave the stock an “overweight” rating in a report on Thursday, March 26th. Barclays boosted their price target on shares of EOG Resources from $133.00 to $140.00 and gave the stock an “equal weight” rating in a report on Monday, March 16th. Finally, Morgan Stanley boosted their price target on shares of EOG Resources from $155.00 to $160.00 and gave the stock an “equal weight” rating in a report on Thursday, May 21st. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and fifteen have issued a Hold rating to the company’s stock. According to MarketBeat.com, EOG Resources has a consensus rating of “Moderate Buy” and a consensus target price of $155.64.

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.