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

Fiera Capital Corp raised its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 14.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 56,861 shares of the energy exploration company’s stock after buying an additional 7,000 shares during the period. Fiera Capital Corp’s holdings in EOG Resources were worth $6,801,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of EOG. Kiker Wealth Management LLC bought a new stake in EOG Resources during the second quarter valued at approximately $627,000. Vanguard Personalized Indexing Management LLC grew its position in shares of EOG Resources by 9.1% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 61,742 shares of the energy exploration company’s stock valued at $7,386,000 after acquiring an additional 5,156 shares during the period. Canada Pension Plan Investment Board increased its stake in shares of EOG Resources by 30.1% in the 1st quarter. Canada Pension Plan Investment Board now owns 195,782 shares of the energy exploration company’s stock worth $25,107,000 after purchasing an additional 45,295 shares in the last quarter. Jump Financial LLC bought a new position in EOG Resources in the 1st quarter worth $2,796,000. Finally, FORA Capital LLC bought a new position in EOG Resources in the 1st quarter worth $472,000. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on EOG. Raymond James Financial boosted their price objective on EOG Resources from $158.00 to $161.00 and gave the company a “strong-buy” rating in a research note on Tuesday, July 22nd. Evercore ISI increased their price objective on shares of EOG Resources from $141.00 to $149.00 and gave the stock an “outperform” rating in a research note on Monday, October 6th. Susquehanna upped their target price on shares of EOG Resources from $156.00 to $170.00 and gave the stock a “positive” rating in a report on Wednesday, July 23rd. UBS Group boosted their price target on EOG Resources from $142.00 to $144.00 and gave the stock a “buy” rating in a report on Wednesday, August 20th. Finally, Siebert Williams Shank reduced their price target on shares of EOG Resources from $155.00 to $145.00 and set a “buy” rating on the stock in a report on Monday, October 13th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and fifteen have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $140.72.

EOG Resources Stock Up 0.5%

NYSE EOG opened at $109.29 on Friday. The company has a quick ratio of 1.61, a current ratio of 1.79 and a debt-to-equity ratio of 0.12. EOG Resources, Inc. has a 52 week low of $102.52 and a 52 week high of $138.18. The firm has a market capitalization of $59.67 billion, a price-to-earnings ratio of 10.62, a PEG ratio of 8.20 and a beta of 0.72. The company has a fifty day moving average of $111.17 and a two-hundred day moving average of $115.46.

EOG Resources (NYSE:EOG) last released its earnings results on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.42 by $0.29. The firm had revenue of $5.85 billion during the quarter, compared to analyst estimates of $5.48 billion. EOG Resources had a net margin of 25.25% and a return on equity of 20.51%. The business’s revenue was down 2.0% on a year-over-year basis. During the same quarter last year, the business earned $2.89 EPS. On average, analysts predict 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 Friday, January 30th. Stockholders of record on Friday, January 16th will be paid a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Friday, January 16th. EOG Resources’s payout ratio is currently 40.64%.

EOG Resources 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.