CIBC Private Wealth Group LLC Sells 2,926 Shares of EOG Resources, Inc. (NYSE:EOG)

CIBC Private Wealth Group LLC decreased its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 8.2% during the 4th quarter, Holdings Channel reports. The firm owned 32,779 shares of the energy exploration company’s stock after selling 2,926 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in EOG Resources were worth $4,211,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Insight Inv LLC lifted its holdings in EOG Resources by 0.8% during the third quarter. Insight Inv LLC now owns 9,385 shares of the energy exploration company’s stock valued at $1,154,000 after purchasing an additional 75 shares during the last quarter. Essex Financial Services Inc. grew its stake in EOG Resources by 1.3% in the 4th quarter. Essex Financial Services Inc. now owns 6,145 shares of the energy exploration company’s stock valued at $753,000 after buying an additional 79 shares in the last quarter. Valmark Advisers Inc. raised its holdings in EOG Resources by 2.6% during the 4th quarter. Valmark Advisers Inc. now owns 3,140 shares of the energy exploration company’s stock valued at $385,000 after acquiring an additional 79 shares during the period. Deseret Mutual Benefit Administrators lifted its position in shares of 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 acquiring an additional 80 shares in the last quarter. Finally, 1ST Source Bank boosted its holdings in shares of EOG Resources by 1.5% in the fourth quarter. 1ST Source Bank now owns 5,349 shares of the energy exploration company’s stock worth $656,000 after acquiring an additional 80 shares during the period. Institutional investors and hedge funds own 89.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Citigroup decreased their target price on shares of EOG Resources from $134.00 to $125.00 and set a “neutral” rating on the stock in a report on Monday, March 17th. Raymond James increased their target price on EOG Resources from $167.00 to $175.00 and gave the company a “strong-buy” rating in a research note on Thursday, January 23rd. Williams Trading set a $154.00 price objective on EOG Resources in a report on Wednesday, March 5th. StockNews.com downgraded EOG Resources from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. Finally, Barclays reduced their price target on shares of EOG Resources from $146.00 to $144.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 18th. Thirteen research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, EOG Resources currently has an average rating of “Hold” and an average target price of $144.67.

EOG Resources Trading Up 0.8 %

NYSE EOG opened at $129.26 on Wednesday. The stock has a market cap of $71.60 billion, a P/E ratio of 10.41, a price-to-earnings-growth ratio of 3.58 and a beta of 1.25. EOG Resources, Inc. has a fifty-two week low of $115.78 and a fifty-two week high of $139.67. The stock has a 50 day simple moving average of $127.93 and a two-hundred day simple moving average of $127.92. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31.

EOG Resources (NYSE:EOG) last announced 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. The company had revenue of $5.59 billion during the quarter, compared to analyst estimates of $5.96 billion. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. On average, analysts forecast that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be paid a dividend of $0.975 per share. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date of this dividend is Wednesday, April 16th. EOG Resources’s payout ratio is 34.73%.

About EOG Resources

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.