Tributary Capital Management LLC Sells 170 Shares of EOG Resources, Inc. (NYSE:EOG)

Tributary Capital Management LLC lessened its holdings in EOG Resources, Inc. (NYSE:EOG) by 4.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,456 shares of the energy exploration company’s stock after selling 170 shares during the quarter. Tributary Capital Management LLC’s holdings in EOG Resources were worth $424,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Northwest Investment Counselors LLC bought a new position in EOG Resources in the 3rd quarter valued at approximately $26,000. Decker Retirement Planning Inc. bought a new position in EOG Resources in the 4th quarter valued at approximately $27,000. Eastern Bank bought a new position in EOG Resources in the 3rd quarter valued at approximately $28,000. Capital Performance Advisors LLP bought a new position in EOG Resources during the 3rd quarter worth approximately $31,000. Finally, HM Payson & Co. raised its holdings in EOG Resources by 203.7% during the 3rd quarter. HM Payson & Co. now owns 328 shares of the energy exploration company’s stock worth $40,000 after purchasing an additional 220 shares during the last quarter. Institutional investors own 89.91% of the company’s stock.

Insider Buying and Selling

In related news, COO Jeffrey R. Leitzell sold 4,000 shares of the business’s stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $120.89, for a total value of $483,560.00. Following the transaction, the chief operating officer now directly owns 42,703 shares of the company’s stock, valued at approximately $5,162,365.67. The trade was a 8.56 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Janet F. Clark sold 568 shares of the business’s stock in a transaction dated 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 in the company, valued at $5,891,185.56. This represents a 1.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.30% of the stock is owned by insiders.

Analyst Ratings Changes

EOG has been the subject of several analyst reports. Piper Sandler lowered their price target on shares of EOG Resources from $149.00 to $140.00 and set a “neutral” rating for the company in a report on Tuesday, December 17th. Benchmark restated a “hold” rating on shares of EOG Resources in a report on Monday, January 13th. Royal Bank of Canada restated a “sector perform” rating and set a $150.00 price target on shares of EOG Resources in a report on Monday, January 6th. Mizuho lowered their price target on shares of EOG Resources from $156.00 to $148.00 and set an “outperform” rating for the company in a report on Monday, December 16th. Finally, Bank of America reiterated a “neutral” rating and issued a $144.00 price objective (down previously from $151.00) on shares of EOG Resources in a research note on Monday, January 13th. Thirteen analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $143.86.

EOG Resources Stock Performance

NYSE EOG opened at $131.73 on Friday. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. The company has a market cap of $74.09 billion, a P/E ratio of 10.61, a PEG ratio of 3.68 and a beta of 1.29. The company has a fifty day simple moving average of $129.01 and a 200 day simple moving average of $127.35. EOG Resources, Inc. has a 12-month low of $108.94 and a 12-month high of $139.67.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Thursday, November 7th. The energy exploration company reported $2.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.73 by $0.16. The firm had revenue of $5.97 billion for the quarter, compared to the consensus estimate of $6.03 billion. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. During the same period in the previous year, the firm earned $3.44 EPS. Sell-side analysts predict that EOG Resources, Inc. will post 11.45 earnings per share for the current fiscal year.

EOG Resources announced that its Board of Directors has initiated a share buyback plan on Thursday, November 7th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the energy exploration company to repurchase up to 7% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its stock is undervalued.

EOG Resources Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be issued a $0.975 dividend. This is an increase from EOG Resources’s previous quarterly dividend of $0.91. This represents a $3.90 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date is Friday, January 17th. EOG Resources’s payout ratio is 31.40%.

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.