Ceera Investments LLC Makes New $824,000 Investment in EOG Resources, Inc. $EOG

Ceera Investments LLC acquired a new position in EOG Resources, Inc. (NYSE:EOG) in the second quarter, HoldingsChannel reports. The institutional investor acquired 6,892 shares of the energy exploration company’s stock, valued at approximately $824,000.

A number of other hedge funds have also recently added to or reduced their stakes in EOG. Nuveen LLC acquired a new position in EOG Resources in the first quarter worth $451,908,000. Charles Schwab Investment Management Inc. lifted its stake in EOG Resources by 6.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 19,380,866 shares of the energy exploration company’s stock valued at $2,485,402,000 after buying an additional 1,188,552 shares during the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in EOG Resources in the first quarter valued at $81,752,000. LSV Asset Management lifted its stake in EOG Resources by 290.5% in the first quarter. LSV Asset Management now owns 687,446 shares of the energy exploration company’s stock valued at $88,158,000 after buying an additional 511,418 shares during the last quarter. Finally, Jupiter Asset Management Ltd. bought a new stake in EOG Resources in the first quarter valued at $52,273,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Price Performance

Shares of NYSE EOG opened at $105.85 on Monday. EOG Resources, Inc. has a fifty-two week low of $102.52 and a fifty-two week high of $138.18. The firm’s 50-day simple moving average is $114.13 and its 200 day simple moving average is $115.81. The company has a quick ratio of 1.61, a current ratio of 1.79 and a debt-to-equity ratio of 0.12. The stock has a market cap of $57.79 billion, a P/E ratio of 10.29, a P/E/G ratio of 8.20 and a beta of 0.74.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Thursday, August 7th. The energy exploration company reported $2.32 earnings per share for the quarter, beating analysts’ consensus estimates of $2.14 by $0.18. EOG Resources had a net margin of 25.25% and a return on equity of 20.51%. The business had revenue of $5.48 billion for the quarter, compared to analysts’ expectations of $5.45 billion. During the same period in the previous year, the business earned $3.16 earnings per share. The company’s revenue was down 9.1% on a year-over-year basis. Equities analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Argus cut EOG Resources from a “buy” rating to a “hold” rating in a research note on Monday, August 25th. Raymond James Financial raised their target price 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. Barclays set a $136.00 target price on EOG Resources and gave the company an “equal weight” rating in a research note on Tuesday, October 7th. Morgan Stanley cut their target price on EOG Resources from $141.00 to $136.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 14th. Finally, Royal Bank Of Canada raised their target price on EOG Resources from $140.00 to $145.00 and gave the company an “outperform” rating in a research note on Tuesday, October 7th. One investment 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 company. According to data from MarketBeat.com, EOG Resources presently has a consensus rating of “Hold” and an average price target of $140.76.

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.