Fiera Capital Corp Grows Stock Position in EOG Resources, Inc. $EOG

Fiera Capital Corp increased its holdings in EOG Resources, Inc. (NYSE:EOG) by 15.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 79,037 shares of the energy exploration company’s stock after buying an additional 10,402 shares during the period. Fiera Capital Corp’s holdings in EOG Resources were worth $8,300,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Nemes Rush Group LLC purchased a new stake in shares of EOG Resources in the 4th quarter worth about $30,000. Olistico Wealth LLC purchased a new stake in shares of EOG Resources in the 4th quarter worth about $33,000. Physician Wealth Advisors Inc. boosted its position in shares of EOG Resources by 103.0% in the 4th quarter. Physician Wealth Advisors Inc. now owns 335 shares of the energy exploration company’s stock worth $35,000 after buying an additional 170 shares in the last quarter. Laurel Wealth Advisors LLC purchased a new stake in shares of EOG Resources in the 4th quarter worth about $38,000. Finally, City Holding Co. boosted its position in shares of EOG Resources by 469.2% in the 4th quarter. City Holding Co. now owns 370 shares of the energy exploration company’s stock worth $39,000 after buying an additional 305 shares in the last quarter. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

EOG Resources Trading Down 2.2%

NYSE EOG opened at $137.10 on Wednesday. EOG Resources, Inc. has a 12 month low of $101.59 and a 12 month high of $151.87. The company has a 50-day moving average of $137.46 and a 200-day moving average of $123.33. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.72 and a quick ratio of 1.53. The company has a market cap of $73.02 billion, a P/E ratio of 13.49 and a beta of 0.25.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Tuesday, May 5th. The energy exploration company reported $3.41 EPS for the quarter, beating analysts’ consensus estimates of $3.23 by $0.18. EOG Resources had a net margin of 23.01% and a return on equity of 19.25%. The company had revenue of $6.92 billion during the quarter, compared to the consensus estimate of $6.18 billion. During the same quarter in the prior year, the company posted $2.87 EPS. The company’s quarterly revenue was up 22.1% compared to the same quarter last year. As a group, equities analysts predict that EOG Resources, Inc. will post 16.63 earnings per share for the current year.

EOG Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 17th will be paid a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, July 17th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.0%. EOG Resources’s dividend payout ratio is currently 40.16%.

Insider Transactions at EOG Resources

In other news, CFO Ann D. Janssen sold 4,161 shares of the business’s stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $140.04, for a total transaction of $582,706.44. Following the completion of the sale, the chief financial officer owned 100,246 shares in the company, valued at approximately $14,038,449.84. The trade was a 3.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Jeffrey R. Leitzell sold 5,698 shares of the business’s stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $150.32, for a total value of $856,523.36. Following the sale, the chief operating officer owned 88,045 shares of the company’s stock, valued at $13,234,924.40. The trade was a 6.08% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 12,456 shares of company stock valued at $1,788,033. Corporate insiders own 0.14% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on EOG. Stephens decreased their price objective on shares of EOG Resources from $170.00 to $167.00 in a research report on Wednesday, May 6th. BMO Capital Markets boosted their target price on shares of EOG Resources from $140.00 to $160.00 and gave the company an “outperform” rating in a research note on Wednesday, April 1st. DA Davidson boosted their target price on shares of EOG Resources from $148.00 to $153.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Roth Mkm reissued a “neutral” rating and issued a $136.00 target price on shares of EOG Resources in a research note on Wednesday, May 6th. Finally, Morgan Stanley boosted their target price on shares of EOG Resources from $155.00 to $160.00 and gave the company an “equal weight” rating in a research note on Thursday, May 21st. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and sixteen have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $156.32.

EOG Resources Profile

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.