Slagle Financial LLC Raises Stock Holdings in EOG Resources, Inc. (NYSE:EOG)

Slagle Financial LLC raised its position in shares of EOG Resources, Inc. (NYSE:EOG) by 2.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,952 shares of the energy exploration company’s stock after buying an additional 318 shares during the quarter. Slagle Financial LLC’s holdings in EOG Resources were worth $1,588,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of EOG. Financial Life Planners bought a new stake in EOG Resources during the fourth quarter worth about $25,000. Y.D. More Investments Ltd boosted its position in shares of EOG Resources by 149.4% in the 4th quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company’s stock worth $25,000 after purchasing an additional 121 shares in the last quarter. Mainstream Capital Management LLC bought a new stake in shares of EOG Resources in the 4th quarter worth approximately $25,000. Decker Retirement Planning Inc. purchased a new stake in shares of EOG Resources in the 4th quarter worth approximately $27,000. Finally, Keystone Financial Group Inc. bought a new position in EOG Resources during the 4th quarter valued at approximately $27,000. Institutional investors own 89.91% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on EOG. Citigroup reduced their price target on EOG Resources from $134.00 to $125.00 and set a “neutral” rating for the company in a report on Monday, March 17th. Wells Fargo & Company reduced their price objective on shares of EOG Resources from $150.00 to $146.00 and set an “overweight” rating for the company in a research note on Thursday, March 13th. Benchmark reiterated a “hold” rating on shares of EOG Resources 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. Finally, Raymond James upped their price objective on EOG Resources from $167.00 to $175.00 and gave the company a “strong-buy” rating in a research report on Thursday, January 23rd. Thirteen analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $144.67.

EOG Resources Stock Down 1.8 %

EOG opened at $126.84 on Friday. EOG Resources, Inc. has a 1-year low of $115.78 and a 1-year high of $139.67. The firm’s 50 day simple moving average is $128.43 and its two-hundred day simple moving average is $127.61. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $70.26 billion, a PE ratio of 10.21, a PEG ratio of 3.58 and a beta of 1.25.

EOG Resources (NYSE:EOG) last announced 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. The company had revenue of $5.59 billion for the quarter, compared to analysts’ expectations of $5.96 billion. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. As a group, equities analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be issued a $0.975 dividend. This represents a $3.90 annualized dividend and a yield of 3.07%. The ex-dividend date is Wednesday, April 16th. EOG Resources’s dividend payout ratio is 34.73%.

Insiders Place Their Bets

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $120.89, for a total value 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.30% of the stock is owned by company insiders.

EOG Resources Company 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.