Cetera Investment Advisers Purchases 20,903 Shares of EOG Resources, Inc. (NYSE:EOG)

Cetera Investment Advisers raised its holdings in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 19.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 130,249 shares of the energy exploration company's stock after buying an additional 20,903 shares during the period. Cetera Investment Advisers' holdings in EOG Resources were worth $16,703,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Avantax Advisory Services Inc. grew its position in shares of EOG Resources by 2.2% during the 1st quarter. Avantax Advisory Services Inc. now owns 78,125 shares of the energy exploration company's stock valued at $10,019,000 after acquiring an additional 1,685 shares during the period. Brookwood Investment Group LLC bought a new stake in EOG Resources during the first quarter valued at about $1,425,000. Sound Shore Management Inc. CT increased its position in EOG Resources by 41.2% in the first quarter. Sound Shore Management Inc. CT now owns 724,357 shares of the energy exploration company's stock worth $92,892,000 after buying an additional 211,473 shares in the last quarter. Advisor OS LLC raised its stake in shares of EOG Resources by 3.7% in the first quarter. Advisor OS LLC now owns 2,853 shares of the energy exploration company's stock worth $366,000 after buying an additional 102 shares during the period. Finally, Argonautica Private Wealth Management Inc. lifted its position in shares of EOG Resources by 13.6% during the 1st quarter. Argonautica Private Wealth Management Inc. now owns 2,659 shares of the energy exploration company's stock valued at $341,000 after buying an additional 319 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on EOG. Scotiabank raised shares of EOG Resources from a "sector perform" rating to a "sector outperform" rating and reduced their target price for the stock from $150.00 to $130.00 in a report on Friday, April 11th. Royal Bank Of Canada reduced their price objective on shares of EOG Resources from $145.00 to $140.00 and set an "outperform" rating for the company in a research note on Tuesday, July 8th. Roth Capital cut shares of EOG Resources from a "buy" rating to a "neutral" rating and lowered their target price for the company from $140.00 to $134.00 in a research note on Wednesday, July 9th. UBS Group reiterated a "buy" rating and issued a $140.00 price target (up previously from $135.00) on shares of EOG Resources in a research note on Tuesday, June 3rd. Finally, Susquehanna raised their price target on EOG Resources from $156.00 to $170.00 and gave the company a "positive" rating in a report on Wednesday, July 23rd. Twelve investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $140.62.

EOG Resources Trading Down 3.4%

EOG traded down $4.07 during trading on Friday, reaching $115.95. The company had a trading volume of 1,068,771 shares, compared to its average volume of 3,665,876. The business has a 50 day simple moving average of $118.83 and a 200-day simple moving average of $120.78. The stock has a market cap of $63.29 billion, a P/E ratio of 10.77, a PEG ratio of 9.31 and a beta of 0.76. The company has a quick ratio of 1.71, a current ratio of 1.87 and a debt-to-equity ratio of 0.12. EOG Resources, Inc. has a 52 week low of $102.52 and a 52 week high of $138.18.

EOG Resources (NYSE:EOG - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The energy exploration company reported $2.87 EPS for the quarter, beating the consensus estimate of $2.75 by $0.12. The company had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.92 billion. EOG Resources had a return on equity of 22.35% and a net margin of 26.14%. EOG Resources's quarterly revenue was down 7.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.82 EPS. On average, equities analysts anticipate that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 17th will be issued a $1.02 dividend. The ex-dividend date is Friday, October 17th. This is an increase from EOG Resources's previous quarterly dividend of $0.98. This represents a $4.08 annualized dividend and a dividend yield of 3.5%. EOG Resources's dividend payout ratio is presently 36.18%.

Insider Buying and Selling at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 3,951 shares of the business's stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $119.65, for a total value of $472,737.15. Following the completion of the sale, the chief operating officer owned 45,739 shares in the company, valued at approximately $5,472,671.35. The trade was a 7.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.13% of the stock is owned by insiders.

EOG Resources Profile

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.