Hunter Perkins Capital Management LLC Grows Holdings in EOG Resources, Inc. $EOG

Hunter Perkins Capital Management LLC grew its position in shares of EOG Resources, Inc. (NYSE:EOG) by 10.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 67,896 shares of the energy exploration company’s stock after purchasing an additional 6,239 shares during the period. EOG Resources accounts for about 1.6% of Hunter Perkins Capital Management LLC’s investment portfolio, making the stock its 16th largest position. Hunter Perkins Capital Management LLC’s holdings in EOG Resources were worth $7,130,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of EOG. JCIC Asset Management Inc. acquired a new position in shares of EOG Resources in the third quarter valued at approximately $32,000. Twin Peaks Wealth Advisors LLC acquired a new stake in EOG Resources during the second quarter worth approximately $35,000. Olistico Wealth LLC acquired a new stake in EOG Resources during the fourth quarter worth approximately $33,000. Salomon & Ludwin LLC grew its stake in EOG Resources by 122.8% in the 3rd quarter. Salomon & Ludwin LLC now owns 323 shares of the energy exploration company’s stock worth $36,000 after acquiring an additional 178 shares during the period. Finally, Mountain Hill Investment Partners Corp. purchased a new stake in EOG Resources in the 3rd quarter worth approximately $37,000. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, COO Jeffrey R. Leitzell sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $130.00, for a total value of $260,000.00. Following the transaction, the chief operating officer directly owned 88,045 shares in the company, valued at $11,445,850. This trade represents a 2.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Ann D. Janssen sold 4,161 shares of EOG Resources 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 completion of the transaction, the chief financial officer directly owned 100,246 shares in the company, valued at $14,038,449.84. This represents a 3.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 14,532 shares of company stock valued at $1,877,405 over the last 90 days. 0.13% of the stock is currently owned by insiders.

Analyst Ratings Changes

EOG has been the topic of a number of recent analyst reports. Mizuho increased their price target on EOG Resources from $134.00 to $146.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 17th. Wells Fargo & Company lifted their price objective on EOG Resources from $127.00 to $155.00 and gave the company an “overweight” rating in a research report on Monday, March 16th. Scotiabank set a $123.00 target price on EOG Resources and gave the company a “sector perform” rating in a research note on Friday, January 16th. JPMorgan Chase & Co. increased their target price on EOG Resources from $115.00 to $125.00 and gave the stock a “neutral” rating in a research report on Thursday, February 26th. Finally, UBS Group raised their price target on EOG Resources from $141.00 to $149.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eighteen have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $139.52.

EOG Resources Stock Up 1.4%

Shares of EOG opened at $149.63 on Friday. EOG Resources, Inc. has a fifty-two week low of $101.59 and a fifty-two week high of $150.10. The company’s fifty day moving average is $123.33 and its two-hundred day moving average is $113.86. The firm has a market cap of $80.27 billion, a PE ratio of 16.42, a price-to-earnings-growth ratio of 3.64 and a beta of 0.44. The company has a quick ratio of 1.42, a current ratio of 1.63 and a debt-to-equity ratio of 0.27.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Tuesday, February 24th. The energy exploration company reported $2.27 EPS for the quarter, topping analysts’ consensus estimates of $2.20 by $0.07. The business had revenue of $5.64 billion during the quarter, compared to the consensus estimate of $5.36 billion. EOG Resources had a return on equity of 18.67% and a net margin of 22.00%.The business’s revenue for the quarter was up .9% on a year-over-year basis. During the same period in the prior year, the firm posted $2.74 EPS. Analysts forecast that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Announces Dividend

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

About EOG Resources

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.