EOG Resources, Inc. (NYSE:EOG) Shares Acquired by Alhambra Investment Management LLC

Alhambra Investment Management LLC boosted its holdings in EOG Resources, Inc. (NYSE:EOG) by 73.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,861 shares of the energy exploration company’s stock after acquiring an additional 1,212 shares during the quarter. Alhambra Investment Management LLC’s holdings in EOG Resources were worth $351,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Seven Eight Capital LP raised its stake in shares of EOG Resources by 87.7% during the second quarter. Seven Eight Capital LP now owns 4,949 shares of the energy exploration company’s stock valued at $623,000 after purchasing an additional 2,313 shares in the last quarter. Inspire Investing LLC raised its position in shares of EOG Resources by 177.7% during the 2nd quarter. Inspire Investing LLC now owns 11,524 shares of the energy exploration company’s stock worth $1,450,000 after buying an additional 7,374 shares in the last quarter. Intech Investment Management LLC raised its position in shares of EOG Resources by 23.7% during the 2nd quarter. Intech Investment Management LLC now owns 61,304 shares of the energy exploration company’s stock worth $7,716,000 after buying an additional 11,752 shares in the last quarter. Brighton Jones LLC boosted its holdings in shares of EOG Resources by 3.1% in the second quarter. Brighton Jones LLC now owns 7,044 shares of the energy exploration company’s stock valued at $887,000 after acquiring an additional 215 shares in the last quarter. Finally, Ieq Capital LLC increased its stake in shares of EOG Resources by 9.6% during the second quarter. Ieq Capital LLC now owns 21,844 shares of the energy exploration company’s stock valued at $2,750,000 after acquiring an additional 1,915 shares during the period. Institutional investors own 89.91% of the company’s stock.

Insider Buying and Selling

In related news, Director Janet F. Clark sold 568 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $135.33, for a total value of $76,867.44. Following the transaction, the director now owns 43,532 shares in the company, valued at approximately $5,891,185.56. This represents a 1.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $120.89, for a total transaction of $483,560.00. Following the completion of the sale, the chief operating officer now owns 42,703 shares of the company’s stock, valued at $5,162,365.67. This trade represents a 8.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.20% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Mizuho cut their target price on EOG Resources from $156.00 to $148.00 and set an “outperform” rating for the company in a research report on Monday, December 16th. Royal Bank of Canada restated a “sector perform” rating and issued a $150.00 price objective on shares of EOG Resources in a report on Monday, January 6th. Citigroup lifted their target price on EOG Resources from $127.00 to $134.00 and gave the stock a “neutral” rating in a report on Tuesday, November 26th. Evercore ISI cut their price target on shares of EOG Resources from $150.00 to $145.00 and set an “outperform” rating for the company in a report on Monday, September 30th. Finally, Raymond James lifted their price objective on shares of EOG Resources from $156.00 to $167.00 and gave the stock a “strong-buy” rating in a research note on Thursday, November 21st. Thirteen analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $143.48.

EOG Resources Trading Down 1.0 %

NYSE:EOG opened at $136.70 on Friday. The stock has a market cap of $76.89 billion, a PE ratio of 11.01, a price-to-earnings-growth ratio of 3.63 and a beta of 1.29. EOG Resources, Inc. has a fifty-two week low of $108.94 and a fifty-two week high of $139.67. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. The stock’s 50-day moving average is $128.91 and its two-hundred day moving average is $126.99.

EOG Resources declared that its board has authorized a stock buyback plan on Thursday, November 7th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the energy exploration company to repurchase up to 7% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.

EOG Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be paid a $0.975 dividend. This represents a $3.90 annualized dividend and a yield of 2.85%. The ex-dividend date of this dividend is Friday, January 17th. This is a positive change from EOG Resources’s previous quarterly dividend of $0.91. EOG Resources’s dividend payout ratio is currently 29.31%.

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.