EOG Resources, Inc. (NYSE:EOG) Shares Acquired by RBA Wealth Management LLC

RBA Wealth Management LLC lifted its position in shares of EOG Resources, Inc. (NYSE:EOG) by 4.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 20,028 shares of the energy exploration company’s stock after acquiring an additional 846 shares during the period. RBA Wealth Management LLC’s holdings in EOG Resources were worth $2,455,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Czech National Bank increased its position in EOG Resources by 5.8% during the 3rd quarter. Czech National Bank now owns 115,848 shares of the energy exploration company’s stock worth $14,241,000 after purchasing an additional 6,331 shares in the last quarter. GAMMA Investing LLC increased its position in EOG Resources by 19.6% during the 3rd quarter. GAMMA Investing LLC now owns 8,015 shares of the energy exploration company’s stock worth $985,000 after purchasing an additional 1,316 shares in the last quarter. Diversified Trust Co increased its position in EOG Resources by 60.1% during the 3rd quarter. Diversified Trust Co now owns 9,573 shares of the energy exploration company’s stock worth $1,177,000 after purchasing an additional 3,595 shares in the last quarter. Everpar Advisors LLC increased its position in EOG Resources by 3.6% during the 3rd quarter. Everpar Advisors LLC now owns 2,380 shares of the energy exploration company’s stock worth $293,000 after purchasing an additional 83 shares in the last quarter. Finally, Miracle Mile Advisors LLC increased its position in EOG Resources by 37.8% during the 3rd quarter. Miracle Mile Advisors LLC now owns 8,663 shares of the energy exploration company’s stock worth $1,065,000 after purchasing an additional 2,376 shares in the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

Insider Activity 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 stock was sold at an average price of $135.33, for a total value 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 position. The sale was disclosed in a filing with the SEC, which is available at 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 value of $483,560.00. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. 0.20% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms have commented on EOG. KeyCorp lowered their price target on EOG Resources from $157.00 to $150.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. Benchmark reiterated a “hold” rating on shares of EOG Resources in a research note on Monday, January 13th. Wells Fargo & Company upgraded EOG Resources from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $147.00 to $150.00 in a research note on Tuesday, December 17th. Bank of America reissued a “neutral” rating and set a $144.00 price target (down from $151.00) on shares of EOG Resources in a report on Monday, January 13th. Finally, Wolfe Research raised EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 target price on the stock in a report on Friday, January 3rd. Thirteen 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 stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $143.90.

EOG Resources Stock Up 0.5 %

EOG opened at $126.41 on Tuesday. EOG Resources, Inc. has a fifty-two week low of $108.94 and a fifty-two week high of $139.67. The business has a 50-day moving average of $128.37 and a 200-day moving average of $127.33. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. The company has a market capitalization of $71.10 billion, a PE ratio of 10.18, a price-to-earnings-growth ratio of 3.33 and a beta of 1.27.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data 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 return on equity of 23.77% and a net margin of 29.18%. The business had revenue of $5.97 billion for the quarter, compared to the consensus estimate of $6.03 billion. During the same period last year, the business earned $3.44 EPS. Equities research analysts forecast that EOG Resources, Inc. will post 11.46 EPS for the current fiscal year.

EOG Resources announced that its Board of Directors has authorized a stock 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 buy up to 7% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its shares are undervalued.

EOG Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 17th were paid a $0.975 dividend. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.09%. This is an increase from EOG Resources’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend was Friday, January 17th. EOG Resources’s dividend payout ratio (DPR) is presently 31.40%.

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.