Cedrus LLC Buys 375 Shares of EOG Resources, Inc. (NYSE:EOG)

Cedrus LLC increased its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 14.4% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 2,971 shares of the energy exploration company’s stock after acquiring an additional 375 shares during the period. Cedrus LLC’s holdings in EOG Resources were worth $365,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of EOG. Cape ANN Savings Bank raised its stake in EOG Resources by 0.9% in the third quarter. Cape ANN Savings Bank now owns 8,679 shares of the energy exploration company’s stock valued at $1,067,000 after buying an additional 79 shares during the period. Wright Investors Service Inc. raised its stake in EOG Resources by 0.8% in the first quarter. Wright Investors Service Inc. now owns 10,163 shares of the energy exploration company’s stock valued at $1,299,000 after buying an additional 80 shares during the period. CVA Family Office LLC raised its stake in EOG Resources by 11.0% in the second quarter. CVA Family Office LLC now owns 820 shares of the energy exploration company’s stock valued at $103,000 after buying an additional 81 shares during the period. Bailard Inc. raised its stake in EOG Resources by 0.4% in the second quarter. Bailard Inc. now owns 19,899 shares of the energy exploration company’s stock valued at $2,505,000 after buying an additional 81 shares during the period. Finally, Everpar Advisors LLC raised its stake in EOG Resources by 3.6% in the third quarter. Everpar Advisors LLC now owns 2,380 shares of the energy exploration company’s stock valued at $293,000 after buying an additional 83 shares during the period. Institutional investors own 89.91% of the company’s stock.

Analyst Upgrades and Downgrades

EOG has been the topic of a number of recent research reports. Sanford C. Bernstein lowered their target price on EOG Resources from $139.00 to $125.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 17th. StockNews.com lowered EOG Resources from a “buy” rating to a “hold” rating in a research note on Monday, September 16th. JPMorgan Chase & Co. lowered their target price on EOG Resources from $143.00 to $135.00 and set a “neutral” rating on the stock in a research note on Thursday, September 12th. Susquehanna lowered their target price on EOG Resources from $159.00 to $158.00 and set a “positive” rating on the stock in a research note on Wednesday, September 4th. Finally, UBS Group lowered their target price on EOG Resources from $167.00 to $154.00 and set a “buy” rating on the stock in a research note on Wednesday, September 18th. Fourteen investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, EOG Resources has an average rating of “Hold” and an average price target of $141.20.

EOG Resources Trading Down 0.3 %

Shares of EOG stock opened at $126.62 on Friday. The stock’s fifty day moving average price is $126.24 and its two-hundred day moving average price is $127.11. The company has a market cap of $72.77 billion, a PE ratio of 10.00, a P/E/G ratio of 3.38 and a beta of 1.28. EOG Resources, Inc. has a fifty-two week low of $108.94 and a fifty-two week high of $139.67. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.89 and a current ratio of 2.12.

EOG Resources (NYSE:EOG) last issued its earnings results on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share for the quarter, beating analysts’ consensus estimates of $2.98 by $0.18. The firm had revenue of $6.03 billion for the quarter, compared to the consensus estimate of $6.07 billion. EOG Resources had a return on equity of 25.42% and a net margin of 30.33%. The company’s revenue was up 8.1% compared to the same quarter last year. During the same quarter last year, the business posted $2.49 EPS. Equities analysts predict that EOG Resources, Inc. will post 11.83 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 17th will be paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date is Thursday, October 17th. EOG Resources’s payout ratio is 28.75%.

Insider Activity

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the stock in a transaction on Friday, August 9th. The stock was sold at an average price of $126.48, for a total value of $505,920.00. Following the completion of the transaction, the chief operating officer now directly owns 35,058 shares in the company, valued at approximately $4,434,135.84. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Michael P. Donaldson sold 11,037 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $129.50, for a total transaction of $1,429,291.50. Following the completion of the transaction, the executive vice president now directly owns 74,250 shares of the company’s stock, valued at $9,615,375. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the firm’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $126.48, for a total value of $505,920.00. Following the transaction, the chief operating officer now directly owns 35,058 shares of the company’s stock, valued at approximately $4,434,135.84. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,537 shares of company stock worth $2,751,612. Insiders own 0.30% of the company’s stock.

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.