Cerebellum GP LLC Increases Stock Holdings in EOG Resources Inc (NYSE:EOG)

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Cerebellum GP LLC lifted its position in EOG Resources Inc (NYSE:EOG) by 14.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,819 shares of the energy exploration company’s stock after purchasing an additional 864 shares during the quarter. Cerebellum GP LLC’s holdings in EOG Resources were worth $571,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Quest Capital Management Inc. ADV purchased a new position in EOG Resources during the third quarter worth about $28,000. Coastal Investment Advisors Inc. boosted its stake in EOG Resources by 147.1% during the third quarter. Coastal Investment Advisors Inc. now owns 504 shares of the energy exploration company’s stock worth $37,000 after buying an additional 300 shares during the period. Whitnell & Co. purchased a new position in EOG Resources during the third quarter worth about $50,000. Massey Quick Simon & CO. LLC boosted its stake in EOG Resources by 2,674.1% during the third quarter. Massey Quick Simon & CO. LLC now owns 749 shares of the energy exploration company’s stock worth $56,000 after buying an additional 722 shares during the period. Finally, CenterStar Asset Management LLC purchased a new position in EOG Resources during the third quarter worth about $58,000. 85.66% of the stock is owned by hedge funds and other institutional investors.

NYSE EOG opened at $86.74 on Thursday. The firm has a 50 day simple moving average of $79.98 and a 200-day simple moving average of $78.07. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.90 and a current ratio of 1.08. EOG Resources Inc has a one year low of $64.33 and a one year high of $107.89. The firm has a market cap of $50.22 billion, a price-to-earnings ratio of 15.66, a PEG ratio of 1.68 and a beta of 1.42.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Wednesday, November 6th. The energy exploration company reported $1.13 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.13. EOG Resources had a net margin of 16.96% and a return on equity of 13.94%. The business had revenue of $4.30 billion during the quarter, compared to analyst estimates of $4.38 billion. During the same quarter last year, the firm posted $1.75 earnings per share. The business’s revenue for the quarter was down 10.0% compared to the same quarter last year. Equities analysts predict that EOG Resources Inc will post 4.76 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be paid a $0.2875 dividend. This represents a $1.15 annualized dividend and a dividend yield of 1.33%. The ex-dividend date is Thursday, January 16th. EOG Resources’s payout ratio is 20.76%.

In other news, Director Charles R. Crisp sold 420 shares of the firm’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $86.49, for a total value of $36,325.80. Following the completion of the transaction, the director now owns 50,296 shares of the company’s stock, valued at $4,350,101.04. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.20% of the company’s stock.

Several research analysts have weighed in on the stock. KeyCorp lowered their target price on shares of EOG Resources from $110.00 to $97.00 and set an “overweight” rating for the company in a research note on Tuesday, October 15th. Johnson Rice raised shares of EOG Resources from a “hold” rating to an “accumulate” rating in a research note on Tuesday, November 19th. Morgan Stanley reaffirmed a “hold” rating and set a $97.00 target price on shares of EOG Resources in a research note on Wednesday, November 13th. SunTrust Banks increased their target price on shares of EOG Resources to $80.00 and gave the stock a “hold” rating in a research note on Friday, November 8th. They noted that the move was a valuation call. Finally, ValuEngine raised shares of EOG Resources from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Seven analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. EOG Resources has a consensus rating of “Buy” and a consensus target price of $103.63.

About EOG Resources

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil and natural gas. The company's principal producing areas are located in New Mexico, North Dakota, Texas, Utah, and Wyoming in the United States; and the Republic of Trinidad and Tobago, the People's Republic of China, and Canada.

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Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)

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