Cerity Partners LLC Has $14.07 Million Stake in EOG Resources, Inc. (NYSE:EOG)

Cerity Partners LLC trimmed its position in shares of EOG Resources, Inc. (NYSE:EOG) by 2.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 114,431 shares of the energy exploration company’s stock after selling 2,610 shares during the period. Cerity Partners LLC’s holdings in EOG Resources were worth $14,067,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in EOG. Great Valley Advisor Group Inc. raised its stake in shares of EOG Resources by 5.8% during the third quarter. Great Valley Advisor Group Inc. now owns 1,743 shares of the energy exploration company’s stock valued at $214,000 after acquiring an additional 95 shares during the last quarter. Nicolet Advisory Services LLC increased its stake in shares of EOG Resources by 12.0% in the 3rd quarter. Nicolet Advisory Services LLC now owns 5,796 shares of the energy exploration company’s stock valued at $758,000 after acquiring an additional 622 shares in the last quarter. Meridian Wealth Management LLC raised its holdings in shares of EOG Resources by 7.3% during the third quarter. Meridian Wealth Management LLC now owns 28,890 shares of the energy exploration company’s stock valued at $3,551,000 after purchasing an additional 1,967 shares during the period. CFS Investment Advisory Services LLC boosted its holdings in EOG Resources by 7.4% in the third quarter. CFS Investment Advisory Services LLC now owns 2,841 shares of the energy exploration company’s stock worth $349,000 after acquiring an additional 196 shares in the last quarter. Finally, Raymond James Trust N.A. lifted its holdings in shares of EOG Resources by 9.3% in the 3rd quarter. Raymond James Trust N.A. now owns 20,435 shares of the energy exploration company’s stock worth $2,512,000 after purchasing an additional 1,741 shares in the last quarter. 89.91% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on EOG shares. Scotiabank cut their price target on EOG Resources from $150.00 to $140.00 and set a “sector perform” rating for the company in a research note on Thursday, October 10th. StockNews.com cut shares of EOG Resources from a “buy” rating to a “hold” rating in a research note on Saturday, November 16th. UBS Group reduced their target price on shares of EOG Resources from $167.00 to $154.00 and set a “buy” rating for the company in a research note on Wednesday, September 18th. Truist Financial lifted their price target on EOG Resources from $115.00 to $135.00 and gave the company a “hold” rating in a research report on Tuesday, November 12th. Finally, Morgan Stanley decreased their target price on shares of EOG Resources from $134.00 to $132.00 and set an “equal weight” rating on the stock in a report on Monday, September 16th. Fifteen research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, EOG Resources presently has an average rating of “Hold” and a consensus price target of $144.00.

EOG Resources Stock Down 3.2 %

EOG Resources stock opened at $131.98 on Tuesday. EOG Resources, Inc. has a twelve month low of $108.94 and a twelve month high of $139.67. The business has a fifty day moving average of $128.16 and a two-hundred day moving average of $126.16. The firm has a market cap of $74.23 billion, a P/E ratio of 10.63, a P/E/G ratio of 3.62 and a beta of 1.28. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13.

EOG Resources Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be paid a dividend of $0.975 per share. This represents a $3.90 annualized dividend and a yield of 2.95%. This is an increase from EOG Resources’s previous quarterly dividend of $0.91. The ex-dividend date is Friday, January 17th. EOG Resources’s payout ratio is 29.31%.

EOG Resources announced that its board has initiated a stock repurchase program on Thursday, November 7th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the energy exploration company to purchase up to 7% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Insider Activity at EOG Resources

In related news, Director Janet F. Clark sold 568 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $135.33, for a total value of $76,867.44. Following the sale, the director now owns 43,532 shares in the company, valued at $5,891,185.56. This represents a 1.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.20% of the stock is currently owned by insiders.

EOG Resources Company 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.