Parkside Investments LLC Has $7.51 Million Holdings in EOG Resources, Inc. (NYSE:EOG)

Parkside Investments LLC reduced its position in EOG Resources, Inc. (NYSE:EOG) by 8.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 61,279 shares of the energy exploration company’s stock after selling 5,450 shares during the quarter. Parkside Investments LLC’s holdings in EOG Resources were worth $7,512,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Pacer Advisors Inc. raised its position in EOG Resources by 5.0% during the fourth quarter. Pacer Advisors Inc. now owns 4,469,142 shares of the energy exploration company’s stock valued at $547,827,000 after purchasing an additional 214,497 shares in the last quarter. Hunter Perkins Capital Management LLC lifted its holdings in shares of EOG Resources by 2.1% in the fourth quarter. Hunter Perkins Capital Management LLC now owns 62,435 shares of the energy exploration company’s stock worth $7,653,000 after acquiring an additional 1,285 shares during the last quarter. United Asset Strategies Inc. lifted its stake in EOG Resources by 9.1% in the 4th quarter. United Asset Strategies Inc. now owns 6,627 shares of the energy exploration company’s stock valued at $812,000 after purchasing an additional 555 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new stake in EOG Resources in the fourth quarter valued at approximately $123,000. Finally, Capital Asset Advisory Services LLC grew its position in EOG Resources by 5.4% during the 4th quarter. Capital Asset Advisory Services LLC now owns 15,840 shares of the energy exploration company’s stock worth $2,005,000 after acquiring an additional 810 shares during the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Wells Fargo & Company raised EOG Resources from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $147.00 to $150.00 in a research note on Tuesday, December 17th. KeyCorp reduced their target price on EOG Resources from $157.00 to $150.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. 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. Mizuho reduced their price objective on shares of EOG Resources from $156.00 to $148.00 and set an “outperform” rating on the stock in a research note on Monday, December 16th. Finally, Bank of America restated a “neutral” rating and issued a $144.00 target price (down previously from $151.00) on shares of EOG Resources in a report on Monday, January 13th. Thirteen 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.com, the company presently has a consensus rating of “Hold” and a consensus target price of $143.86.

EOG Resources Stock Performance

Shares of EOG stock opened at $131.73 on Monday. EOG Resources, Inc. has a 12 month low of $108.94 and a 12 month high of $139.67. The firm has a market capitalization 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 firm has a fifty day simple moving average of $129.01 and a two-hundred day simple moving average of $127.37. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13.

EOG Resources (NYSE:EOG) last posted its earnings results on Thursday, November 7th. The energy exploration company reported $2.89 EPS for the quarter, topping 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 the consensus estimate of $6.03 billion. During the same period in the previous year, the firm posted $3.44 earnings per share. Analysts forecast that EOG Resources, Inc. will post 11.45 EPS for the current fiscal 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 issued a $0.975 dividend. 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. This is a positive change from EOG Resources’s previous quarterly dividend of $0.91. EOG Resources’s dividend payout ratio (DPR) is currently 31.40%.

EOG Resources declared that its board has authorized a stock buyback program on Thursday, November 7th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the energy exploration company to buy up to 7% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

Insider Activity at EOG Resources

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

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.