EOG Resources, Inc. (NYSE:EOG) Stock Position Raised by Romano Brothers AND Company

Romano Brothers AND Company increased its stake in EOG Resources, Inc. (NYSE:EOG) by 5.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 14,450 shares of the energy exploration company’s stock after acquiring an additional 700 shares during the quarter. Romano Brothers AND Company’s holdings in EOG Resources were worth $1,771,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Seven Eight Capital LP lifted its stake in EOG Resources by 87.7% during the second quarter. Seven Eight Capital LP now owns 4,949 shares of the energy exploration company’s stock valued at $623,000 after buying an additional 2,313 shares in the last quarter. Intech Investment Management LLC raised its holdings in shares of EOG Resources by 23.7% during the second quarter. Intech Investment Management LLC now owns 61,304 shares of the energy exploration company’s stock valued at $7,716,000 after acquiring an additional 11,752 shares during the period. Brighton Jones LLC lifted its position in shares of EOG Resources by 3.1% in the 2nd quarter. Brighton Jones LLC now owns 7,044 shares of the energy exploration company’s stock valued at $887,000 after acquiring an additional 215 shares in the last quarter. Ieq Capital LLC boosted its stake in EOG Resources by 9.6% in the 2nd quarter. Ieq Capital LLC now owns 21,844 shares of the energy exploration company’s stock worth $2,750,000 after purchasing an additional 1,915 shares during the period. Finally, Pacer Advisors Inc. grew its position in EOG Resources by 6.6% during the 2nd quarter. Pacer Advisors Inc. now owns 4,123,823 shares of the energy exploration company’s stock worth $519,066,000 after purchasing an additional 255,721 shares in the last quarter. 89.91% of the stock is owned by institutional investors and hedge funds.

EOG Resources Price Performance

NYSE EOG opened at $136.70 on Friday. EOG Resources, Inc. has a 1 year low of $108.94 and a 1 year high of $139.67. The company has a fifty day simple moving average of $128.96 and a 200 day simple moving average of $127.06. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. The company has a market cap of $76.89 billion, a P/E ratio of 11.01, a P/E/G ratio of 3.63 and a beta of 1.29.

EOG Resources declared that its board has approved a stock repurchase plan on Thursday, November 7th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the energy exploration company to buy up to 7% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

EOG Resources Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be issued a dividend of $0.975 per share. This represents a $3.90 dividend on an annualized basis and a yield of 2.85%. This is a boost from EOG Resources’s previous quarterly dividend of $0.91. The ex-dividend date is Friday, January 17th. EOG Resources’s dividend payout ratio is 29.31%.

Insider Transactions at EOG Resources

In other news, Director Janet F. Clark sold 568 shares of the firm’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $135.33, for a total value of $76,867.44. Following the sale, the director now owns 43,532 shares in the company, valued at approximately $5,891,185.56. This trade represents a 1.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the company’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 transaction, the chief operating officer now owns 42,703 shares of the company’s stock, valued at approximately $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. 0.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on EOG shares. Barclays decreased their target price on EOG Resources from $144.00 to $137.00 and set an “equal weight” rating for the company in a research report on Thursday, October 3rd. Scotiabank lowered their target price on EOG Resources from $150.00 to $140.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 10th. Wolfe Research raised shares of EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 price target for the company in a research report on Friday, January 3rd. Evercore ISI lowered their price objective on shares of EOG Resources from $150.00 to $145.00 and set an “outperform” rating on the stock in a research report on Monday, September 30th. Finally, Benchmark reiterated a “hold” rating on shares of EOG Resources in a research report on Monday, January 13th. Thirteen analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, EOG Resources presently has an average rating of “Hold” and a consensus price target of $143.48.

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.