EOG Resources, Inc. (NYSE:EOG) Shares Bought by JB Capital LLC

JB Capital LLC lifted its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 7.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 21,441 shares of the energy exploration company’s stock after acquiring an additional 1,514 shares during the quarter. JB Capital LLC’s holdings in EOG Resources were worth $2,628,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. DRW Securities LLC increased its position in shares of EOG Resources by 98.6% during the third quarter. DRW Securities LLC now owns 26,838 shares of the energy exploration company’s stock valued at $3,299,000 after acquiring an additional 13,324 shares during the last quarter. Caprock Group LLC lifted its stake in EOG Resources by 7.7% during the third quarter. Caprock Group LLC now owns 12,112 shares of the energy exploration company’s stock worth $1,489,000 after purchasing an additional 862 shares in the last quarter. World Investment Advisors LLC acquired a new stake in shares of EOG Resources in the third quarter valued at $730,000. Oak Ridge Investments LLC raised its holdings in shares of EOG Resources by 5.9% in the 4th quarter. Oak Ridge Investments LLC now owns 41,274 shares of the energy exploration company’s stock valued at $5,059,000 after buying an additional 2,311 shares during the period. Finally, KBC Group NV lifted its stake in EOG Resources by 11.4% during the 3rd quarter. KBC Group NV now owns 119,132 shares of the energy exploration company’s stock worth $14,645,000 after acquiring an additional 12,210 shares in the last quarter. 89.91% of the stock is owned by institutional investors and hedge funds.

EOG Resources Price Performance

Shares of NYSE:EOG opened at $125.63 on Monday. EOG Resources, Inc. has a one year low of $108.94 and a one year high of $139.67. The stock has a market capitalization of $70.66 billion, a price-to-earnings ratio of 10.11, a PEG ratio of 3.33 and a beta of 1.27. The company has a 50-day simple moving average of $128.37 and a 200-day simple moving average of $127.37. 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 (NYSE:EOG) last posted its quarterly earnings data 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. The firm had revenue of $5.97 billion during the quarter, compared to the consensus estimate of $6.03 billion. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. During the same period in the prior year, the business earned $3.44 EPS. On average, analysts predict that EOG Resources, Inc. will post 11.46 EPS for the current year.

EOG Resources Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 17th were paid a $0.975 dividend. This represents a $3.90 annualized dividend and a dividend yield of 3.10%. The ex-dividend date was Friday, January 17th. This is a boost from EOG Resources’s previous quarterly dividend of $0.91. EOG Resources’s dividend payout ratio (DPR) is 31.40%.

EOG Resources announced that its board has approved a share buyback program on Thursday, November 7th that permits the company to buyback $5.00 billion in outstanding 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 usually an indication that the company’s board believes its shares are undervalued.

Analysts Set New Price Targets

A number of analysts have issued reports on EOG shares. Truist Financial boosted their price target on shares of EOG Resources from $135.00 to $137.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. Wolfe Research raised 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. Mizuho cut their price objective on EOG Resources from $156.00 to $148.00 and set an “outperform” rating on the stock in a research report on Monday, December 16th. Bank of America reissued a “neutral” rating and set a $144.00 target price (down from $151.00) on shares of EOG Resources in a research note on Monday, January 13th. Finally, Wells Fargo & Company raised EOG Resources from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $147.00 to $150.00 in a research report on Tuesday, December 17th. Thirteen research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $143.90.

Insider Activity

In other EOG Resources news, Director Janet F. Clark sold 568 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was 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 of the company’s stock, valued at approximately $5,891,185.56. This trade represents a 1.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, December 31st. The shares were 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 owns 42,703 shares of the company’s stock, 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. Insiders own 0.20% of the company’s stock.

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.