EOG Resources, Inc. (NYSE:EOG) Stock Holdings Cut by Dakota Wealth Management

Dakota Wealth Management lessened its position in EOG Resources, Inc. (NYSE:EOG) by 12.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,321 shares of the energy exploration company’s stock after selling 345 shares during the period. Dakota Wealth Management’s holdings in EOG Resources were worth $285,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of EOG. Eads & Heald Wealth Management raised its position in EOG Resources by 29.6% in the fourth quarter. Eads & Heald Wealth Management now owns 8,119 shares of the energy exploration company’s stock worth $995,000 after acquiring an additional 1,855 shares in the last quarter. Simon Quick Advisors LLC raised its holdings in shares of EOG Resources by 10.8% in the 4th quarter. Simon Quick Advisors LLC now owns 4,576 shares of the energy exploration company’s stock worth $561,000 after purchasing an additional 447 shares in the last quarter. MCF Advisors LLC lifted its stake in EOG Resources by 44.7% during the fourth quarter. MCF Advisors LLC now owns 625 shares of the energy exploration company’s stock valued at $77,000 after purchasing an additional 193 shares during the last quarter. Bourgeon Capital Management LLC grew its position in EOG Resources by 24.3% in the fourth quarter. Bourgeon Capital Management LLC now owns 3,989 shares of the energy exploration company’s stock worth $489,000 after buying an additional 780 shares during the last quarter. Finally, Atomi Financial Group Inc. grew its position in EOG Resources by 6.9% in the fourth quarter. Atomi Financial Group Inc. now owns 4,684 shares of the energy exploration company’s stock worth $574,000 after buying an additional 304 shares during the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on EOG. Barclays reduced their price objective on EOG Resources from $144.00 to $137.00 and set an “equal weight” rating for the company in a research note on Thursday, October 3rd. Wolfe Research raised EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 price target on the stock in a research note on Friday, January 3rd. Scotiabank reduced their price objective on shares of EOG Resources from $150.00 to $140.00 and set a “sector perform” rating for the company in a research note on Thursday, October 10th. Royal Bank of Canada reissued a “sector perform” rating and issued a $150.00 target price on shares of EOG Resources in a research report on Monday, January 6th. Finally, Benchmark restated a “hold” rating on shares of EOG Resources in a research report on Monday, January 13th. Thirteen research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $143.86.

Insider Buying and Selling

In other EOG Resources news, Director Janet F. Clark sold 568 shares of the business’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $135.33, for a total transaction of $76,867.44. Following the completion of the transaction, the director now 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 value of $483,560.00. Following the completion of the sale, 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. Corporate insiders own 0.30% of the company’s stock.

EOG Resources Price Performance

NYSE EOG opened at $131.73 on Friday. The company has a 50 day moving average price of $129.01 and a two-hundred day moving average price of $127.35. EOG Resources, Inc. has a 12-month low of $108.94 and a 12-month high of $139.67. The stock has a market capitalization of $74.09 billion, a PE ratio of 10.61, a price-to-earnings-growth ratio of 3.68 and a beta of 1.29. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Thursday, November 7th. The energy exploration company reported $2.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.73 by $0.16. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The firm had revenue of $5.97 billion during the quarter, compared to analysts’ expectations of $6.03 billion. During the same period in the prior year, the company posted $3.44 earnings per share. As a group, equities analysts predict that EOG Resources, Inc. will post 11.45 earnings per share for the current fiscal year.

EOG Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be paid a $0.975 dividend. This represents a $3.90 dividend on an annualized basis and a dividend yield of 2.96%. This is an increase from EOG Resources’s previous quarterly dividend of $0.91. The ex-dividend date is Friday, January 17th. EOG Resources’s dividend payout ratio (DPR) is presently 31.40%.

EOG Resources declared that its Board of Directors has initiated a share buyback program on Thursday, November 7th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the energy exploration company to buy up to 7% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s management believes its stock is undervalued.

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.