Murphy Pohlad Asset Management LLC Takes $208,000 Position in EOG Resources, Inc. (NYSE:EOG)

Murphy Pohlad Asset Management LLC bought a new position in shares of EOG Resources, Inc. (NYSE:EOG) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,695 shares of the energy exploration company’s stock, valued at approximately $208,000.

Several other hedge funds and other institutional investors have also bought and sold shares of EOG. Northwestern Mutual Wealth Management Co. lifted its position in EOG Resources by 15.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 46,549 shares of the energy exploration company’s stock valued at $5,859,000 after acquiring an additional 6,076 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in shares of EOG Resources by 25.0% during the 2nd quarter. NewEdge Advisors LLC now owns 18,264 shares of the energy exploration company’s stock valued at $2,299,000 after purchasing an additional 3,656 shares during the last quarter. Sunbelt Securities Inc. grew its stake in EOG Resources by 8.0% during the 2nd quarter. Sunbelt Securities Inc. now owns 1,816 shares of the energy exploration company’s stock worth $229,000 after buying an additional 135 shares during the last quarter. Advisory Alpha LLC acquired a new position in EOG Resources during the 2nd quarter valued at about $213,000. Finally, Cetera Investment Advisers raised its stake in EOG Resources by 2.1% in the second quarter. Cetera Investment Advisers now owns 102,657 shares of the energy exploration company’s stock valued at $12,921,000 after buying an additional 2,099 shares during the last quarter. Institutional investors own 89.91% of the company’s stock.

Insiders Place Their Bets

In other news, Director Janet F. Clark sold 568 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $135.33, for a total transaction 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 trade represents a 1.29 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 completion of the transaction, the chief operating officer now owns 42,703 shares of the company’s stock, valued at $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. Corporate insiders own 0.30% of the company’s stock.

EOG Resources Price Performance

Shares of NYSE EOG opened at $130.23 on Thursday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. The firm has a market cap of $73.25 billion, a PE ratio of 10.49, a PEG ratio of 3.68 and a beta of 1.29. EOG Resources, Inc. has a one year low of $108.94 and a one year high of $139.67. The firm has a fifty day moving average of $128.82 and a 200 day moving average of $127.41.

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

EOG Resources declared that its board has approved a stock repurchase program on Thursday, November 7th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the energy exploration company to purchase up to 7% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

EOG Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be paid a dividend of $0.975 per share. This represents a $3.90 annualized dividend and a yield of 2.99%. The ex-dividend date of this dividend is Friday, January 17th. This is a boost from EOG Resources’s previous quarterly dividend of $0.91. EOG Resources’s dividend payout ratio is currently 31.40%.

Analysts Set New Price Targets

EOG has been the topic of several recent analyst reports. Truist Financial upped their price objective 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. KeyCorp lowered their price objective on shares of EOG Resources from $157.00 to $150.00 and set an “overweight” rating for the company in a research note on Wednesday, October 16th. Benchmark reissued a “hold” rating on shares of EOG Resources in a research report on Monday, January 13th. Wells Fargo & Company raised EOG Resources from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $147.00 to $150.00 in a research report on Tuesday, December 17th. Finally, Bank of America restated a “neutral” rating and issued a $144.00 price objective (down from $151.00) on shares of EOG Resources in a research note on Monday, January 13th. Thirteen equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, EOG Resources currently has a consensus rating of “Hold” and a consensus target price of $143.90.

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.