Waycross Partners LLC Increases Position in EOG Resources, Inc. $EOG

Waycross Partners LLC increased its holdings in EOG Resources, Inc. (NYSE:EOG) by 3.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 136,996 shares of the energy exploration company’s stock after acquiring an additional 4,817 shares during the period. EOG Resources comprises approximately 1.2% of Waycross Partners LLC’s portfolio, making the stock its 29th biggest holding. Waycross Partners LLC’s holdings in EOG Resources were worth $14,386,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Cullen Capital Management LLC grew its position in EOG Resources by 4.7% during the second quarter. Cullen Capital Management LLC now owns 576,470 shares of the energy exploration company’s stock valued at $68,952,000 after buying an additional 25,753 shares during the period. Rockland Trust Co. raised its position in EOG Resources by 5.1% in the third quarter. Rockland Trust Co. now owns 246,326 shares of the energy exploration company’s stock worth $27,618,000 after acquiring an additional 11,965 shares during the period. BI Asset Management Fondsmaeglerselskab A S raised its position in EOG Resources by 21.0% in the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 65,820 shares of the energy exploration company’s stock worth $7,380,000 after acquiring an additional 11,442 shares during the period. Legal & General Group Plc boosted its stake in EOG Resources by 2.1% in the third quarter. Legal & General Group Plc now owns 3,394,236 shares of the energy exploration company’s stock valued at $380,562,000 after acquiring an additional 68,888 shares during the last quarter. Finally, AlphaQuest LLC grew its position in shares of EOG Resources by 1,413.5% during the 3rd quarter. AlphaQuest LLC now owns 25,533 shares of the energy exploration company’s stock valued at $2,863,000 after acquiring an additional 23,846 shares during the period. 89.91% of the stock is owned by hedge funds and other institutional investors.

EOG Resources Trading Up 1.4%

NYSE:EOG opened at $149.63 on Friday. The company has a market cap of $80.27 billion, a P/E ratio of 16.42, a P/E/G ratio of 3.59 and a beta of 0.44. The stock’s fifty day moving average price is $123.33 and its two-hundred day moving average price is $113.89. EOG Resources, Inc. has a 1 year low of $101.59 and a 1 year high of $150.10. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.63 and a quick ratio of 1.42.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Tuesday, February 24th. The energy exploration company reported $2.27 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.07. EOG Resources had a return on equity of 18.67% and a net margin of 22.00%.The company had revenue of $5.64 billion during the quarter, compared to analysts’ expectations of $5.36 billion. During the same period in the previous year, the business earned $2.74 earnings per share. The firm’s quarterly revenue was up .9% compared to the same quarter last year. As a group, analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Thursday, April 16th will be issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Thursday, April 16th. EOG Resources’s payout ratio is presently 44.79%.

Insider Activity

In other news, CFO Ann D. Janssen sold 4,161 shares of the stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $140.04, for a total value of $582,706.44. Following the sale, the chief financial officer directly owned 100,246 shares of the company’s stock, valued at approximately $14,038,449.84. This represents a 3.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Jeffrey R. Leitzell sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $130.00, for a total transaction of $260,000.00. Following the completion of the transaction, the chief operating officer owned 88,045 shares of the company’s stock, valued at $11,445,850. This trade represents a 2.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 14,532 shares of company stock worth $1,877,405. Company insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

EOG has been the subject of several research analyst reports. BMO Capital Markets raised their price target on shares of EOG Resources from $120.00 to $140.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 3rd. Morgan Stanley upped their price objective on EOG Resources from $128.00 to $155.00 and gave the company an “equal weight” rating in a research note on Friday. Zacks Research raised EOG Resources from a “strong sell” rating to a “hold” rating in a report on Monday, March 2nd. KeyCorp downgraded EOG Resources from an “overweight” rating to a “sector weight” rating in a research report on Friday, January 16th. Finally, Capital One Financial lowered their target price on EOG Resources from $131.00 to $130.00 and set an “overweight” rating on the stock in a research note on Thursday, January 8th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eighteen have assigned a Hold rating to the stock. According to MarketBeat.com, EOG Resources has an average rating of “Hold” and an average price target of $139.52.

EOG Resources Company Profile

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.