Cerity Partners LLC Raises Position in EOG Resources, Inc. (NYSE:EOG)

Cerity Partners LLC boosted its holdings in EOG Resources, Inc. (NYSE:EOG - Free Report) by 2.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 124,578 shares of the energy exploration company's stock after buying an additional 2,859 shares during the period. Cerity Partners LLC's holdings in EOG Resources were worth $15,976,000 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 business. 1ST Source Bank increased its stake in EOG Resources by 1.5% during the 4th quarter. 1ST Source Bank now owns 5,349 shares of the energy exploration company's stock valued at $656,000 after purchasing an additional 80 shares in the last quarter. Penobscot Investment Management Company Inc. grew its stake in EOG Resources by 2.0% in the 4th quarter. Penobscot Investment Management Company Inc. now owns 4,065 shares of the energy exploration company's stock valued at $498,000 after purchasing an additional 80 shares during the period. TD Private Client Wealth LLC increased its position in shares of EOG Resources by 1.4% during the 4th quarter. TD Private Client Wealth LLC now owns 5,786 shares of the energy exploration company's stock valued at $709,000 after purchasing an additional 81 shares during the last quarter. Hancock Whitney Corp grew its position in EOG Resources by 5.7% during the fourth quarter. Hancock Whitney Corp now owns 1,719 shares of the energy exploration company's stock valued at $211,000 after buying an additional 92 shares during the period. Finally, FSM Wealth Advisors LLC increased its holdings in EOG Resources by 6.2% during the first quarter. FSM Wealth Advisors LLC now owns 1,623 shares of the energy exploration company's stock worth $208,000 after buying an additional 95 shares during the last quarter. 89.91% of the stock is owned by institutional investors.

EOG Resources Stock Down 0.2%

EOG stock traded down $0.28 during midday trading on Monday, hitting $122.76. The stock had a trading volume of 3,074,466 shares, compared to its average volume of 3,753,177. The business has a 50-day moving average of $116.79 and a two-hundred day moving average of $121.35. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.87 and a quick ratio of 1.71. The firm has a market cap of $67.00 billion, a price-to-earnings ratio of 11.39, a price-to-earnings-growth ratio of 9.93 and a beta of 0.76. 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 released its earnings results on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share for the quarter, topping analysts' consensus estimates of $2.75 by $0.12. EOG Resources had a net margin of 26.14% and a return on equity of 22.35%. The firm had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.92 billion. During the same period in the prior year, the firm earned $2.82 EPS. The company's revenue was down 7.4% compared to the same quarter last year. As a group, equities research analysts forecast that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 17th will be paid a dividend of $1.02 per share. This is an increase from EOG Resources's previous quarterly dividend of $0.98. The ex-dividend date of this dividend is Friday, October 17th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.32%. EOG Resources's dividend payout ratio (DPR) is currently 36.18%.

Insider Activity

In related news, COO Jeffrey R. Leitzell sold 3,951 shares of the company's stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $119.65, for a total value of $472,737.15. Following the sale, the chief operating officer owned 45,739 shares in the company, valued at $5,472,671.35. This represents a 7.95% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.13% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Piper Sandler dropped their price target on EOG Resources from $135.00 to $133.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 22nd. Mizuho dropped their price objective on EOG Resources from $140.00 to $134.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. Morgan Stanley set a $135.00 target price on shares of EOG Resources and gave the company an "equal weight" rating in a research note on Monday, June 2nd. Scotiabank upgraded EOG Resources from a "sector perform" rating to a "sector outperform" rating and dropped their target price for the stock from $150.00 to $130.00 in a research report on Friday, April 11th. Finally, Raymond James Financial upped their price target on shares of EOG Resources from $148.00 to $158.00 and gave the company a "strong-buy" rating in a research report on Monday, June 2nd. Thirteen 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 company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $139.00.

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.