EOG Resources, Inc. (NYSE:EOG) Shares Purchased by Cerity Partners LLC

Cerity Partners LLC raised its stake in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 6.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 121,719 shares of the energy exploration company's stock after buying an additional 7,288 shares during the period. Cerity Partners LLC's holdings in EOG Resources were worth $14,928,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Essex Financial Services Inc. lifted its holdings in EOG Resources by 1.3% in the fourth quarter. Essex Financial Services Inc. now owns 6,145 shares of the energy exploration company's stock valued at $753,000 after acquiring an additional 79 shares during the period. Valmark Advisers Inc. lifted its stake in shares of EOG Resources by 2.6% in the 4th quarter. Valmark Advisers Inc. now owns 3,140 shares of the energy exploration company's stock valued at $385,000 after purchasing an additional 79 shares during the period. Deseret Mutual Benefit Administrators boosted its holdings in EOG Resources by 8.8% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 989 shares of the energy exploration company's stock worth $121,000 after buying an additional 80 shares in the last quarter. 1ST Source Bank grew its position in EOG Resources by 1.5% during the fourth quarter. 1ST Source Bank now owns 5,349 shares of the energy exploration company's stock valued at $656,000 after buying an additional 80 shares during the period. Finally, Penobscot Investment Management Company Inc. increased its holdings in EOG Resources by 2.0% in the fourth quarter. Penobscot Investment Management Company Inc. now owns 4,065 shares of the energy exploration company's stock valued at $498,000 after buying an additional 80 shares in the last quarter. Institutional investors and hedge funds own 89.91% of the company's stock.

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Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Royal Bank of Canada upgraded EOG Resources from a "sector perform" rating to an "outperform" rating and lifted their price target for the company from $150.00 to $155.00 in a research note on Wednesday, February 12th. Scotiabank raised 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 research note on Friday. Williams Trading set a $154.00 target price on EOG Resources in a research report on Wednesday, March 5th. JPMorgan Chase & Co. reduced their price objective on shares of EOG Resources from $149.00 to $132.00 and set a "neutral" rating for the company in a research report on Thursday, March 13th. Finally, Morgan Stanley decreased their price objective on shares of EOG Resources from $142.00 to $136.00 and set an "equal weight" rating on the stock in a report on Thursday, March 27th. Twelve equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $144.19.

EOG Resources Trading Down 1.1 %

NYSE:EOG traded down $1.23 during trading hours on Monday, hitting $107.31. The company had a trading volume of 2,372,938 shares, compared to its average volume of 3,202,639. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. The company has a 50-day moving average of $124.28 and a 200 day moving average of $127.02. EOG Resources, Inc. has a 1 year low of $102.52 and a 1 year high of $138.18. The company has a market cap of $59.19 billion, a P/E ratio of 8.64, a P/E/G ratio of 3.58 and a beta of 0.93.

EOG Resources (NYSE:EOG - Get Free Report) last announced its quarterly earnings results on Friday, February 28th. The energy exploration company reported $2.74 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.55 by $0.19. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The business had revenue of $5.59 billion during the quarter, compared to the consensus estimate of $5.96 billion. Sell-side analysts expect that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be given a $0.975 dividend. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $3.90 dividend on an annualized basis and a yield of 3.63%. EOG Resources's payout ratio is currently 34.73%.

Insiders Place Their Bets

In related news, COO Jeffrey R. Leitzell sold 4,037 shares of the stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $127.76, for a total transaction of $515,767.12. Following the transaction, the chief operating officer now owns 47,732 shares of the company's stock, valued at approximately $6,098,240.32. This represents a 7.80 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.30% of the stock is currently 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.