Andina Capital Management LLC Sells 377 Shares of EOG Resources, Inc. (NYSE:EOG)

Andina Capital Management LLC cut its holdings in EOG Resources, Inc. (NYSE:EOG) by 15.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,997 shares of the energy exploration company’s stock after selling 377 shares during the period. Andina Capital Management LLC’s holdings in EOG Resources were worth $245,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. MBB Public Markets I LLC raised its stake in shares of EOG Resources by 765.4% during the 2nd quarter. MBB Public Markets I LLC now owns 45,822 shares of the energy exploration company’s stock valued at $5,768,000 after purchasing an additional 40,527 shares during the period. Mackenzie Financial Corp increased its position in shares of EOG Resources by 49.7% during the second quarter. Mackenzie Financial Corp now owns 83,686 shares of the energy exploration company’s stock valued at $10,534,000 after buying an additional 27,787 shares during the period. Lighthouse Investment Partners LLC purchased a new stake in shares of EOG Resources in the second quarter worth about $250,000. Legal & General Group Plc increased its holdings in EOG Resources by 9.1% during the 2nd quarter. Legal & General Group Plc now owns 4,840,705 shares of the energy exploration company’s stock worth $609,300,000 after acquiring an additional 403,676 shares during the period. Finally, Ascent Group LLC lifted its stake in EOG Resources by 8.7% in the 2nd quarter. Ascent Group LLC now owns 16,758 shares of the energy exploration company’s stock worth $2,109,000 after purchasing an additional 1,346 shares in the last quarter. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

EOG Resources Price Performance

Shares of EOG Resources stock opened at $131.73 on Friday. The firm has a market cap of $74.09 billion, a PE ratio of 10.61, a price-to-earnings-growth ratio of 3.68 and a beta of 1.29. The company’s fifty day simple moving average is $129.01 and its two-hundred day simple moving average is $127.35. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. EOG Resources, Inc. has a 12-month low of $108.94 and a 12-month high of $139.67.

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

EOG Resources Increases Dividend

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

EOG Resources announced that its Board of Directors has authorized a stock buyback program 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 purchase up to 7% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Wolfe Research upgraded shares of EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 price target for the company in a research report on Friday, January 3rd. Truist Financial upped their target price on EOG Resources from $135.00 to $137.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. Raymond James lifted their price target on EOG Resources from $167.00 to $175.00 and gave the company a “strong-buy” rating in a research report on Thursday. Citigroup upped their price objective on shares of EOG Resources from $127.00 to $134.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 26th. Finally, KeyCorp dropped their target price on shares of EOG Resources from $157.00 to $150.00 and set an “overweight” rating for the company in a research report on Wednesday, October 16th. Thirteen research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $143.86.

Insider Activity at EOG Resources

In other EOG Resources news, Director Janet F. Clark sold 568 shares of the firm’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 directly owns 43,532 shares in the company, valued at $5,891,185.56. This trade represents a 1.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the company’s 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 transaction, the chief operating officer now owns 42,703 shares in the company, valued at $5,162,365.67. This trade represents a 8.56 % decrease in their position. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by company insiders.

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.