EOG Resources, Inc. (NYSE:EOG) Shares Sold by Kovack Advisors Inc.

Kovack Advisors Inc. decreased its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 12.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,916 shares of the energy exploration company’s stock after selling 405 shares during the quarter. Kovack Advisors Inc.’s holdings in EOG Resources were worth $357,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EOG. Financial Life Planners purchased a new position in shares of EOG Resources during the fourth quarter worth $25,000. Y.D. More Investments Ltd boosted its position in shares of EOG Resources by 149.4% during the fourth quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company’s stock worth $25,000 after buying an additional 121 shares during the period. Decker Retirement Planning Inc. purchased a new position in shares of EOG Resources during the fourth quarter worth $27,000. Keystone Financial Group Inc. purchased a new position in shares of EOG Resources during the fourth quarter worth $27,000. Finally, Capital Performance Advisors LLP purchased a new position in shares of EOG Resources during the third quarter worth $31,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Stock Down 2.8 %

EOG opened at $126.99 on Friday. The business’s 50-day simple moving average is $129.30 and its 200-day simple moving average is $127.89. 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, Inc. has a one year low of $113.83 and a one year high of $139.67. The stock has a market capitalization of $71.43 billion, a P/E ratio of 10.22, a price-to-earnings-growth ratio of 3.58 and a beta of 1.27.

EOG Resources (NYSE:EOG) last posted its earnings results on Friday, February 28th. The energy exploration company reported $2.74 EPS for the quarter, topping analysts’ consensus estimates of $2.55 by $0.19. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. The business had revenue of $5.59 billion for the quarter, compared to analysts’ expectations of $5.96 billion. Analysts anticipate that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be given a dividend of $0.975 per share. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date is Wednesday, April 16th. EOG Resources’s dividend payout ratio (DPR) is currently 31.40%.

EOG Resources announced that its board has approved a stock buyback plan on Thursday, November 7th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the energy exploration company to purchase up to 7% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Citigroup lifted their target price on EOG Resources from $127.00 to $134.00 and gave the company a “neutral” rating in a report on Tuesday, November 26th. Royal Bank of Canada upgraded EOG Resources from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from $150.00 to $155.00 in a report on Wednesday, February 12th. Bank of America reiterated a “neutral” rating and issued a $144.00 target price (down from $151.00) on shares of EOG Resources in a report on Monday, January 13th. Mizuho decreased their target price on EOG Resources from $156.00 to $148.00 and set an “outperform” rating for the company in a report on Monday, December 16th. Finally, Piper Sandler lifted their target price on EOG Resources from $140.00 to $141.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Twelve equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $145.30.

Insider Activity at EOG Resources

In other EOG Resources news, 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 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. This represents a 8.56 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.30% of the stock is currently owned by 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.