Chicago Capital LLC Acquires 100 Shares of EOG Resources, Inc. (NYSE:EOG)

Chicago Capital LLC lifted its stake in EOG Resources, Inc. (NYSE:EOG) by 6.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,760 shares of the energy exploration company’s stock after purchasing an additional 100 shares during the period. Chicago Capital LLC’s holdings in EOG Resources were worth $216,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Oak Family Advisors LLC grew its stake in EOG Resources by 1.8% in the fourth quarter. Oak Family Advisors LLC now owns 30,025 shares of the energy exploration company’s stock valued at $3,680,000 after acquiring an additional 535 shares during the period. Burford Brothers Inc. lifted its holdings in shares of EOG Resources by 5.6% during the 4th quarter. Burford Brothers Inc. now owns 7,469 shares of the energy exploration company’s stock valued at $916,000 after purchasing an additional 396 shares in the last quarter. CENTRAL TRUST Co grew its position in shares of EOG Resources by 13.5% in the 4th quarter. CENTRAL TRUST Co now owns 12,055 shares of the energy exploration company’s stock valued at $1,478,000 after purchasing an additional 1,431 shares during the period. Western Pacific Wealth Management LP increased its stake in EOG Resources by 54.3% during the 4th quarter. Western Pacific Wealth Management LP now owns 2,701 shares of the energy exploration company’s stock worth $331,000 after purchasing an additional 950 shares in the last quarter. Finally, River Street Advisors LLC raised its holdings in EOG Resources by 4.5% during the 4th quarter. River Street Advisors LLC now owns 9,820 shares of the energy exploration company’s stock worth $1,204,000 after buying an additional 422 shares during the period. 89.91% of the stock is owned by institutional investors and hedge funds.

EOG Resources Trading Up 0.5 %

Shares of NYSE:EOG opened at $126.41 on Tuesday. EOG Resources, Inc. has a 12-month low of $108.94 and a 12-month high of $139.67. The business has a 50 day moving average of $128.37 and a 200-day moving average of $127.33. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. The stock has a market cap of $71.10 billion, a PE ratio of 10.18, a P/E/G ratio of 3.33 and a beta of 1.27.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Thursday, November 7th. The energy exploration company reported $2.89 EPS for the quarter, beating analysts’ consensus estimates of $2.73 by $0.16. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. The firm had revenue of $5.97 billion for the quarter, compared to analyst estimates of $6.03 billion. During the same period in the prior year, the firm posted $3.44 EPS. As a group, equities research analysts forecast that EOG Resources, Inc. will post 11.46 earnings per share for the current year.

EOG Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 17th were paid a $0.975 dividend. This is a boost from EOG Resources’s previous quarterly dividend of $0.91. The ex-dividend date was Friday, January 17th. This represents a $3.90 annualized dividend and a yield of 3.09%. EOG Resources’s payout ratio is 31.40%.

EOG Resources announced that its board has initiated a stock buyback program on Thursday, November 7th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the energy exploration company to reacquire up to 7% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $150.00 price objective on shares of EOG Resources in a research report on Monday, January 6th. Mizuho reduced their price objective on EOG Resources from $156.00 to $148.00 and set an “outperform” rating for the company in a research report on Monday, December 16th. Scotiabank dropped their target price on EOG Resources from $150.00 to $140.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 10th. Citigroup upped their price target on EOG Resources from $127.00 to $134.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 26th. Finally, Bank of America reiterated a “neutral” rating and issued a $144.00 price objective (down from $151.00) on shares of EOG Resources in a report on Monday, January 13th. Thirteen investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, EOG Resources presently has an average rating of “Hold” and an average price target of $143.90.

Insider Buying and Selling at EOG Resources

In related news, Director Janet F. Clark sold 568 shares of the business’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $135.33, for a total value 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 ownership of the stock. The transaction 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 stock in a transaction dated Tuesday, December 31st. The stock was 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 in the company, valued at $5,162,365.67. The trade was a 8.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.20% of the company’s stock.

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.