Cetera Investment Advisers Has $12.86 Million Stake in EOG Resources, Inc. (NYSE:EOG)

Cetera Investment Advisers grew its stake in EOG Resources, Inc. (NYSE:EOG) by 218.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 100,558 shares of the energy exploration company’s stock after purchasing an additional 68,953 shares during the period. Cetera Investment Advisers’ holdings in EOG Resources were worth $12,855,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of EOG. Wright Investors Service Inc. lifted its holdings in shares of EOG Resources by 0.8% during the 1st quarter. Wright Investors Service Inc. now owns 10,163 shares of the energy exploration company’s stock worth $1,299,000 after acquiring an additional 80 shares during the period. Field & Main Bank lifted its holdings in shares of EOG Resources by 1.4% during the 1st quarter. Field & Main Bank now owns 6,163 shares of the energy exploration company’s stock worth $788,000 after acquiring an additional 83 shares during the period. PDS Planning Inc lifted its holdings in shares of EOG Resources by 4.1% during the 1st quarter. PDS Planning Inc now owns 2,152 shares of the energy exploration company’s stock worth $275,000 after acquiring an additional 84 shares during the period. Moody National Bank Trust Division lifted its holdings in shares of EOG Resources by 1.0% during the 1st quarter. Moody National Bank Trust Division now owns 8,420 shares of the energy exploration company’s stock worth $1,076,000 after acquiring an additional 87 shares during the period. Finally, FinTrust Capital Advisors LLC lifted its holdings in shares of EOG Resources by 26.9% during the 4th quarter. FinTrust Capital Advisors LLC now owns 420 shares of the energy exploration company’s stock worth $51,000 after acquiring an additional 89 shares during the period. 89.91% of the stock is currently owned by institutional investors and hedge funds.

EOG Resources Stock Down 0.2 %

Shares of NYSE:EOG opened at $122.92 on Friday. EOG Resources, Inc. has a one year low of $108.94 and a one year high of $139.67. The company has a 50 day moving average of $124.57 and a 200-day moving average of $123.69. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.32 and a quick ratio of 2.05. The stock has a market cap of $70.64 billion, a price-to-earnings ratio of 9.71, a P/E/G ratio of 2.15 and a beta of 1.30.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Thursday, August 1st. The energy exploration company reported $3.16 EPS for the quarter, topping the consensus estimate of $2.98 by $0.18. The company had revenue of $6.03 billion during the quarter, compared to analysts’ expectations of $6.07 billion. EOG Resources had a net margin of 30.33% and a return on equity of 25.65%. EOG Resources’s revenue was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.49 EPS. On average, sell-side analysts forecast that EOG Resources, Inc. will post 12.13 earnings per share for the current year.

EOG Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 17th will be issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date of this dividend is Thursday, October 17th. EOG Resources’s dividend payout ratio is currently 28.75%.

Insider Activity at EOG Resources

In related news, CEO Ezra Y. Yacob sold 4,729 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $129.31, for a total transaction of $611,506.99. Following the completion of the transaction, the chief executive officer now owns 150,474 shares in the company, valued at $19,457,792.94. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other EOG Resources news, EVP Michael P. Donaldson sold 2,685 shares of EOG Resources stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $130.29, for a total value of $349,828.65. Following the transaction, the executive vice president now owns 109,040 shares of the company’s stock, valued at $14,206,821.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Ezra Y. Yacob sold 4,729 shares of EOG Resources stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $129.31, for a total transaction of $611,506.99. Following the completion of the transaction, the chief executive officer now directly owns 150,474 shares in the company, valued at approximately $19,457,792.94. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 16,512 shares of company stock worth $2,144,972. 0.30% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

EOG has been the subject of a number of analyst reports. Piper Sandler raised their price objective on shares of EOG Resources from $153.00 to $154.00 and gave the stock an “overweight” rating in a report on Tuesday, May 14th. Citigroup lifted their price target on shares of EOG Resources from $124.00 to $130.00 and gave the company a “neutral” rating in a report on Friday, May 24th. Susquehanna lifted their price target on shares of EOG Resources from $147.00 to $155.00 and gave the company a “positive” rating in a report on Monday, April 22nd. Wolfe Research initiated coverage on shares of EOG Resources in a report on Thursday, July 18th. They set a “peer perform” rating for the company. Finally, Sanford C. Bernstein cut their price target on shares of EOG Resources from $139.00 to $125.00 and set a “market perform” rating for the company in a report on Wednesday, July 17th. Fifteen investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, EOG Resources currently has a consensus rating of “Hold” and a consensus price target of $143.20.

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.