EOG Resources, Inc. (NYSE:EOG) Stock Position Raised by Capital Asset Advisory Services LLC

Capital Asset Advisory Services LLC grew its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 5.4% in the 4th quarter, HoldingsChannel reports. The firm owned 15,840 shares of the energy exploration company’s stock after acquiring an additional 810 shares during the quarter. Capital Asset Advisory Services LLC’s holdings in EOG Resources were worth $2,005,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Insight Inv LLC raised its position in EOG Resources by 0.8% in the third quarter. Insight Inv LLC now owns 9,385 shares of the energy exploration company’s stock worth $1,154,000 after purchasing an additional 75 shares in the last quarter. Cape ANN Savings Bank grew its stake in shares of EOG Resources by 0.9% in the 3rd quarter. Cape ANN Savings Bank now owns 8,679 shares of the energy exploration company’s stock valued at $1,067,000 after purchasing an additional 79 shares during the period. Everpar Advisors LLC raised its holdings in shares of EOG Resources by 3.6% in the 3rd quarter. Everpar Advisors LLC now owns 2,380 shares of the energy exploration company’s stock worth $293,000 after buying an additional 83 shares in the last quarter. Rosenberg Matthew Hamilton lifted its position in shares of EOG Resources by 3.0% during the 4th quarter. Rosenberg Matthew Hamilton now owns 2,921 shares of the energy exploration company’s stock worth $358,000 after buying an additional 84 shares during the period. Finally, Grove Bank & Trust boosted its stake in EOG Resources by 10.0% in the 4th quarter. Grove Bank & Trust now owns 928 shares of the energy exploration company’s stock valued at $114,000 after buying an additional 84 shares in the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Stock Down 1.7 %

Shares of NYSE:EOG opened at $131.73 on Monday. 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 has a market cap of $74.09 billion, a price-to-earnings ratio of 10.61, a P/E/G ratio of 3.68 and a beta of 1.29. The company has a 50 day moving average of $129.01 and a 200-day moving average of $127.37. EOG Resources, Inc. has a one year low of $108.94 and a one year high of $139.67.

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

EOG Resources Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be given a dividend of $0.975 per share. This is a positive change from EOG Resources’s previous quarterly dividend of $0.91. This represents a $3.90 annualized dividend and a dividend yield of 2.96%. The ex-dividend date of this dividend is Friday, January 17th. EOG Resources’s payout ratio is presently 31.40%.

EOG Resources announced that its Board of Directors has approved a share repurchase 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 typically an indication that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

EOG has been the subject of a number of analyst reports. KeyCorp cut their price objective on EOG Resources from $157.00 to $150.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. Truist Financial lifted their price target on shares of EOG Resources from $135.00 to $137.00 and gave the company a “hold” rating in a report on Monday, January 13th. StockNews.com raised shares of EOG Resources from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd. Citigroup lifted their target price on shares of EOG Resources from $127.00 to $134.00 and gave the company a “neutral” rating in a research note on Tuesday, November 26th. Finally, Evercore ISI decreased their price target on EOG Resources from $150.00 to $145.00 and set an “outperform” rating on the stock in a research report on Monday, September 30th. Thirteen 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 stock. According to data from MarketBeat, EOG Resources presently has an average rating of “Hold” and a consensus price target of $143.86.

Insider Buying and Selling at EOG Resources

In other news, Director Janet F. Clark sold 568 shares of EOG Resources stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $135.33, for a total transaction of $76,867.44. Following the transaction, the director now owns 43,532 shares in the company, valued at $5,891,185.56. The trade was a 1.29 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $120.89, for a total value of $483,560.00. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.30% of the company’s stock.

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.