Fermata Advisors LLC Acquires Shares of 3,613 EOG Resources, Inc. (NYSE:EOG)

Fermata Advisors LLC bought a new position in shares of EOG Resources, Inc. (NYSE:EOG) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,613 shares of the energy exploration company’s stock, valued at approximately $443,000.

Other hedge funds have also modified their holdings of the company. Ritholtz Wealth Management increased its holdings in shares of EOG Resources by 40.0% in the 4th quarter. Ritholtz Wealth Management now owns 5,910 shares of the energy exploration company’s stock valued at $724,000 after purchasing an additional 1,690 shares in the last quarter. Sendero Wealth Management LLC grew its holdings in shares of EOG Resources by 2,695.2% in the 4th quarter. Sendero Wealth Management LLC now owns 66,387 shares of the energy exploration company’s stock worth $8,138,000 after acquiring an additional 64,012 shares during the period. Advisors Management Group Inc. ADV increased its stake in EOG Resources by 30.5% in the 4th quarter. Advisors Management Group Inc. ADV now owns 4,245 shares of the energy exploration company’s stock valued at $520,000 after purchasing an additional 993 shares in the last quarter. Burney Co. raised its holdings in EOG Resources by 73.7% during the fourth quarter. Burney Co. now owns 3,559 shares of the energy exploration company’s stock worth $436,000 after purchasing an additional 1,510 shares during the last quarter. Finally, Acropolis Investment Management LLC boosted its position in EOG Resources by 11.7% during the fourth quarter. Acropolis Investment Management LLC now owns 6,170 shares of the energy exploration company’s stock worth $756,000 after purchasing an additional 647 shares in the last quarter. 89.91% of the stock is owned by institutional investors and hedge funds.

EOG Resources Price Performance

EOG opened at $136.70 on Friday. EOG Resources, Inc. has a 1 year low of $108.94 and a 1 year high of $139.67. The company’s 50 day simple moving average is $128.91 and its 200 day simple moving average is $126.99. The stock has a market capitalization of $76.89 billion, a PE ratio of 11.01, a P/E/G ratio of 3.63 and a beta of 1.29. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31.

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

EOG Resources Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be issued a $0.975 dividend. This represents a $3.90 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date 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 (DPR) is 29.31%.

Insider Transactions at EOG Resources

In other EOG Resources news, Director Janet F. Clark sold 568 shares of EOG Resources 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 transaction, the director now directly owns 43,532 shares of the company’s stock, valued at $5,891,185.56. The trade was a 1.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the stock in a transaction on Tuesday, December 31st. The stock was 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 directly owns 42,703 shares of the company’s stock, valued at $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 0.20% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on EOG. KeyCorp dropped their price target on EOG Resources from $157.00 to $150.00 and set an “overweight” rating for the company in a research report on Wednesday, October 16th. Raymond James lifted their target price on shares of EOG Resources from $156.00 to $167.00 and gave the stock a “strong-buy” rating in a research report on Thursday, November 21st. Wolfe Research raised shares of EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 price target on the stock in a report on Friday, January 3rd. Benchmark reissued a “hold” rating on shares of EOG Resources in a research note on Monday, January 13th. Finally, Scotiabank reduced their target price on EOG Resources from $150.00 to $140.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 10th. Thirteen equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, EOG Resources presently has an average rating of “Hold” and a consensus price target of $143.48.

EOG Resources 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.