Financial Partners Group LLC Sells 158 Shares of EOG Resources, Inc. (NYSE:EOG)

Financial Partners Group LLC lessened its position in shares of EOG Resources, Inc. (NYSE:EOG) by 0.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,999 shares of the energy exploration company’s stock after selling 158 shares during the quarter. EOG Resources comprises 2.0% of Financial Partners Group LLC’s holdings, making the stock its 16th biggest position. Financial Partners Group LLC’s holdings in EOG Resources were worth $4,903,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of EOG. AQR Capital Management LLC increased its position in shares of EOG Resources by 33.5% in the 2nd quarter. AQR Capital Management LLC now owns 1,004,001 shares of the energy exploration company’s stock valued at $126,374,000 after acquiring an additional 252,125 shares during the period. Ameriprise Financial Inc. raised its stake in shares of EOG Resources by 2.2% in the second quarter. Ameriprise Financial Inc. now owns 12,311,541 shares of the energy exploration company’s stock worth $1,549,098,000 after purchasing an additional 260,727 shares during the last quarter. Decatur Capital Management Inc. lifted its holdings in shares of EOG Resources by 2.7% during the second quarter. Decatur Capital Management Inc. now owns 11,693 shares of the energy exploration company’s stock worth $1,472,000 after purchasing an additional 302 shares during the period. Daymark Wealth Partners LLC boosted its position in EOG Resources by 5.5% in the second quarter. Daymark Wealth Partners LLC now owns 11,289 shares of the energy exploration company’s stock valued at $1,421,000 after buying an additional 590 shares during the last quarter. Finally, MBB Public Markets I LLC increased its holdings in EOG Resources by 765.4% in the 2nd quarter. MBB Public Markets I LLC now owns 45,822 shares of the energy exploration company’s stock worth $5,768,000 after buying an additional 40,527 shares during the period. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Insider Transactions at EOG Resources

In other news, Director Janet F. Clark sold 568 shares of the stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $135.33, for a total value of $76,867.44. Following the completion of the sale, the director now owns 43,532 shares of the company’s stock, valued at $5,891,185.56. This represents a 1.29 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 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 sale, the chief operating officer now directly owns 42,703 shares in the company, valued at approximately $5,162,365.67. The trade was a 8.56 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Wolfe Research raised shares of EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 price objective on the stock in a report on Friday, January 3rd. Mizuho lowered their price target on shares of EOG Resources from $156.00 to $148.00 and set an “outperform” rating on the stock in a report on Monday, December 16th. Bank of America reiterated a “neutral” rating and set a $144.00 price objective (down previously from $151.00) on shares of EOG Resources in a research note on Monday, January 13th. KeyCorp lowered their target price on EOG Resources from $157.00 to $150.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. Finally, Piper Sandler reduced their price target on EOG Resources from $149.00 to $140.00 and set a “neutral” rating for the company in a research report on Tuesday, December 17th. Thirteen research 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.com, EOG Resources presently has an average rating of “Hold” and a consensus target price of $143.86.

EOG Resources Stock Performance

NYSE EOG opened at $133.91 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. EOG Resources, Inc. has a 1-year low of $108.94 and a 1-year high of $139.67. The company has a market cap of $75.32 billion, a PE ratio of 10.78, a price-to-earnings-growth ratio of 3.68 and a beta of 1.29. The stock’s 50 day simple moving average is $129.09 and its 200-day simple moving average is $127.27.

EOG Resources (NYSE:EOG) last announced its earnings results on Thursday, November 7th. The energy exploration company reported $2.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.73 by $0.16. The company had revenue of $5.97 billion for the quarter, compared to analysts’ expectations of $6.03 billion. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. During the same quarter in the previous year, the company posted $3.44 EPS. As a group, equities research analysts anticipate that EOG Resources, Inc. will post 11.45 EPS for the current fiscal year.

EOG Resources declared that its Board of Directors has approved a stock buyback plan on Thursday, November 7th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the energy exploration company to buy up to 7% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its stock is undervalued.

EOG Resources Increases Dividend

The firm also recently announced 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 dividend on an annualized basis and a yield of 2.91%. This is a positive change from EOG Resources’s previous quarterly dividend of $0.91. The ex-dividend date is Friday, January 17th. EOG Resources’s dividend payout ratio (DPR) is 31.40%.

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.