Compass Wealth Management LLC Has $2.42 Million Stock Position in EOG Resources, Inc. (NYSE:EOG)

Compass Wealth Management LLC lowered its position in EOG Resources, Inc. (NYSE:EOG) by 0.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,739 shares of the energy exploration company’s stock after selling 85 shares during the period. Compass Wealth Management LLC’s holdings in EOG Resources were worth $2,420,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Northwest Investment Counselors LLC acquired a new position in EOG Resources during the third quarter valued at approximately $26,000. Decker Retirement Planning Inc. acquired a new position in shares of EOG Resources in the fourth quarter valued at $27,000. Eastern Bank bought a new position in shares of EOG Resources in the third quarter valued at about $28,000. Capital Performance Advisors LLP acquired a new stake in shares of EOG Resources during the 3rd quarter worth about $31,000. Finally, HM Payson & Co. boosted its holdings in shares of EOG Resources by 203.7% during the 3rd quarter. HM Payson & Co. now owns 328 shares of the energy exploration company’s stock worth $40,000 after buying an additional 220 shares during the period. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Stock Performance

NYSE EOG opened at $131.73 on Friday. The stock has a market cap of $74.09 billion, a PE ratio of 10.61, a PEG ratio of 3.68 and a beta of 1.29. EOG Resources, Inc. has a fifty-two week low of $108.94 and a fifty-two week high of $139.67. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. The firm’s fifty day moving average price is $129.01 and its two-hundred day moving average price is $127.35.

EOG Resources (NYSE:EOG) last announced its earnings results on Thursday, November 7th. The energy exploration company reported $2.89 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $6.03 billion. During the same period last year, the company earned $3.44 EPS. On average, equities analysts expect that EOG Resources, Inc. will post 11.45 EPS for the current fiscal year.

EOG Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be given a dividend of $0.975 per share. The ex-dividend date of this dividend is Friday, January 17th. This is a boost from EOG Resources’s previous quarterly dividend of $0.91. This represents a $3.90 annualized dividend and a dividend yield of 2.96%. EOG Resources’s dividend payout ratio is 31.40%.

EOG Resources declared that its Board of Directors has authorized a stock repurchase plan 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 repurchase up to 7% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on EOG. StockNews.com upgraded shares of EOG Resources from a “hold” rating to a “buy” rating in a research report on Wednesday. Benchmark reissued a “hold” rating on shares of EOG Resources in a report on Monday, January 13th. Evercore ISI lowered their price objective on EOG Resources from $150.00 to $145.00 and set an “outperform” rating on the stock in a research report on Monday, September 30th. Wells Fargo & Company raised shares of EOG Resources from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $147.00 to $150.00 in a research report on Tuesday, December 17th. Finally, Raymond James raised their price target on shares of EOG Resources from $167.00 to $175.00 and gave the stock a “strong-buy” rating in a research report on Thursday. Thirteen research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $143.86.

Insider Transactions at EOG Resources

In other news, Director Janet F. Clark sold 568 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $135.33, for a total transaction 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. This represents a 1.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the business’s stock in a transaction 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 sale, the chief operating officer now owns 42,703 shares of the company’s stock, valued at $5,162,365.67. This trade represents a 8.56 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.30% of the company’s stock.

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.