Cibc World Markets Corp Has $10.92 Million Stake in EOG Resources, Inc. (NYSE:EOG)

Cibc World Markets Corp grew its position in EOG Resources, Inc. (NYSE:EOG) by 14.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 89,041 shares of the energy exploration company’s stock after buying an additional 11,520 shares during the quarter. Cibc World Markets Corp’s holdings in EOG Resources were worth $10,915,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of EOG. Financial Life Planners bought a new position in EOG Resources in the 4th quarter valued at $25,000. Y.D. More Investments Ltd increased its stake in shares of EOG Resources by 149.4% in the fourth quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company’s stock valued at $25,000 after buying an additional 121 shares in the last quarter. Mainstream Capital Management LLC bought a new position in shares of EOG Resources in the fourth quarter valued at about $25,000. Decker Retirement Planning Inc. acquired a new position in EOG Resources during the 4th quarter worth about $27,000. Finally, Keystone Financial Group Inc. bought a new stake in EOG Resources during the 4th quarter worth about $27,000. 89.91% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the company’s stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $120.89, for a total transaction of $483,560.00. Following the completion of the transaction, the chief operating officer now directly owns 42,703 shares of the company’s stock, valued at $5,162,365.67. This represents a 8.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.30% of the stock is owned by insiders.

EOG Resources Stock Performance

Shares of EOG Resources stock opened at $122.57 on Wednesday. The stock’s fifty day simple moving average is $129.39 and its 200 day simple moving average is $127.51. 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 market capitalization of $67.89 billion, a PE ratio of 9.87, a PEG ratio of 3.58 and a beta of 1.25. EOG Resources, Inc. has a 12 month low of $115.78 and a 12 month high of $139.67.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Friday, February 28th. The energy exploration company reported $2.74 EPS for the quarter, topping analysts’ consensus estimates of $2.55 by $0.19. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. The company had revenue of $5.59 billion for the quarter, compared to analyst estimates of $5.96 billion. On average, research analysts predict that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be issued a $0.975 dividend. This represents a $3.90 annualized dividend and a dividend yield of 3.18%. The ex-dividend date is Wednesday, April 16th. EOG Resources’s dividend payout ratio (DPR) is presently 34.73%.

Analysts Set New Price Targets

A number of brokerages have weighed in on EOG. Barclays dropped their target price on shares of EOG Resources from $146.00 to $144.00 and set an “equal weight” rating for the company in a research note on Tuesday. Williams Trading set a $154.00 price objective on shares of EOG Resources in a research report on Wednesday, March 5th. Wolfe Research upgraded EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 price objective on the stock in a research report on Friday, January 3rd. Benchmark restated a “hold” rating on shares of EOG Resources in a research report on Monday, January 13th. Finally, Bank of America reiterated a “neutral” rating and issued a $144.00 price target (down previously from $151.00) on shares of EOG Resources in a report on Monday, January 13th. Twelve investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, EOG Resources presently has a consensus rating of “Moderate Buy” and an average target price of $145.33.

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.