Cetera Investment Advisers Buys 68,953 Shares of EOG Resources, Inc. (NYSE:EOG)

Cetera Investment Advisers raised its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 218.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 100,558 shares of the energy exploration company’s stock after purchasing an additional 68,953 shares during the quarter. Cetera Investment Advisers’ holdings in EOG Resources were worth $12,855,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of EOG. Capital World Investors increased its stake in EOG Resources by 59.2% during the 4th quarter. Capital World Investors now owns 25,420,916 shares of the energy exploration company’s stock valued at $3,074,660,000 after purchasing an additional 9,455,621 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in EOG Resources by 26.3% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,948,119 shares of the energy exploration company’s stock valued at $598,475,000 after purchasing an additional 1,029,727 shares in the last quarter. Capital International Investors increased its stake in EOG Resources by 7.1% during the 1st quarter. Capital International Investors now owns 11,564,463 shares of the energy exploration company’s stock valued at $1,478,401,000 after purchasing an additional 766,056 shares in the last quarter. Capital Research Global Investors increased its stake in EOG Resources by 1.3% during the 1st quarter. Capital Research Global Investors now owns 28,889,715 shares of the energy exploration company’s stock valued at $3,693,261,000 after purchasing an additional 373,365 shares in the last quarter. Finally, Canada Pension Plan Investment Board increased its stake in EOG Resources by 67.3% during the 1st quarter. Canada Pension Plan Investment Board now owns 843,682 shares of the energy exploration company’s stock valued at $107,856,000 after purchasing an additional 339,480 shares in the last quarter. Institutional investors own 89.91% of the company’s stock.

EOG Resources Price Performance

NYSE EOG opened at $122.92 on Friday. The company has a market cap of $70.64 billion, a PE ratio of 9.71, a price-to-earnings-growth ratio of 2.15 and a beta of 1.30. EOG Resources, Inc. has a 52 week low of $108.94 and a 52 week high of $139.67. The company has a quick ratio of 2.05, a current ratio of 2.32 and a debt-to-equity ratio of 0.13. The firm’s 50-day simple moving average is $124.57 and its two-hundred day simple moving average is $123.69.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Thursday, August 1st. The energy exploration company reported $3.16 EPS for the quarter, beating the consensus estimate of $2.98 by $0.18. The business had revenue of $6.03 billion for the quarter, compared to the consensus estimate of $6.07 billion. EOG Resources had a net margin of 30.33% and a return on equity of 25.65%. The company’s revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.49 earnings per share. Research analysts predict that EOG Resources, Inc. will post 12.13 earnings per share for the current year.

EOG Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 17th will be given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 2.96%. The ex-dividend date is Thursday, October 17th. EOG Resources’s dividend payout ratio is presently 28.75%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on EOG. Morgan Stanley boosted their price target on shares of EOG Resources from $132.00 to $133.00 and gave the company an “equal weight” rating in a research note on Monday, April 15th. Sanford C. Bernstein cut their price objective on shares of EOG Resources from $139.00 to $125.00 and set a “market perform” rating on the stock in a report on Wednesday, July 17th. TD Cowen lifted their price objective on shares of EOG Resources from $130.00 to $144.00 and gave the stock a “hold” rating in a report on Tuesday, April 30th. Bank of America reaffirmed a “buy” rating and set a $151.00 price objective on shares of EOG Resources in a report on Friday, June 14th. Finally, Benchmark reaffirmed a “hold” rating on shares of EOG Resources in a report on Tuesday, May 7th. Fifteen investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $143.20.

Insider Activity

In other news, CEO Ezra Y. Yacob sold 4,729 shares of the company’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $129.31, for a total transaction of $611,506.99. Following the sale, the chief executive officer now directly owns 150,474 shares in the company, valued at $19,457,792.94. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, CEO Ezra Y. Yacob sold 4,729 shares of the company’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $129.31, for a total transaction of $611,506.99. Following the sale, the chief executive officer now directly owns 150,474 shares in the company, valued at $19,457,792.94. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, President Lloyd W. Helms, Jr. sold 1,296 shares of the company’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $130.27, for a total value of $168,829.92. Following the sale, the president now owns 161,109 shares in the company, valued at $20,987,669.43. The disclosure for this sale can be found here. Insiders have sold a total of 16,512 shares of company stock worth $2,144,972 over the last ninety days. Company insiders own 0.30% of the company’s stock.

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.