TCTC Holdings LLC Acquires 333 Shares of EOG Resources, Inc. (NYSE:EOG)

TCTC Holdings LLC lifted its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 333.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 433 shares of the energy exploration company’s stock after acquiring an additional 333 shares during the period. TCTC Holdings LLC’s holdings in EOG Resources were worth $53,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EOG. Financial Life Planners bought a new position in shares of EOG Resources during the 4th quarter worth about $25,000. Y.D. More Investments Ltd lifted its holdings in shares of EOG Resources by 149.4% during the 4th quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company’s stock worth $25,000 after acquiring an additional 121 shares during the period. Mainstream Capital Management LLC bought a new position in shares of EOG Resources during the 4th quarter worth about $25,000. Decker Retirement Planning Inc. bought a new position in shares of EOG Resources during the 4th quarter worth about $27,000. Finally, Keystone Financial Group Inc. bought a new position in EOG Resources during the 4th quarter valued at about $27,000. 89.91% of the stock is owned by institutional investors.

EOG Resources Stock Down 0.3 %

Shares of NYSE EOG opened at $123.56 on Tuesday. The stock has a market cap of $68.44 billion, a P/E ratio of 9.95, a P/E/G ratio of 3.58 and a beta of 1.25. The firm has a 50 day moving average price of $129.49 and a 200 day moving average price of $127.56. 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 52-week low of $115.78 and a 52-week high of $139.67.

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

EOG Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be issued a dividend of $0.975 per share. This represents a $3.90 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date is Wednesday, April 16th. EOG Resources’s dividend payout ratio is currently 34.73%.

Insider Activity at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 4,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief operating officer now owns 42,703 shares in the company, valued at approximately $5,162,365.67. The trade was a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.30% of the company’s stock.

Wall Street Analyst Weigh In

EOG has been the subject of several analyst reports. 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 report on Friday, January 3rd. Williams Trading set a $154.00 price target on shares of EOG Resources in a report on Wednesday, March 5th. Barclays cut their price target on shares of EOG Resources from $148.00 to $146.00 and set an “equal weight” rating for the company in a report on Friday, February 28th. Wells Fargo & Company cut their price target on shares of EOG Resources from $150.00 to $146.00 and set an “overweight” rating for the company in a report on Thursday, March 13th. Finally, Mizuho cut their price target on shares of EOG Resources from $156.00 to $148.00 and set an “outperform” rating for the company in a report on Monday, December 16th. Twelve 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 stock. Based on data from MarketBeat.com, EOG Resources has a consensus rating of “Moderate Buy” and a consensus target price of $145.43.

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.