Capital Asset Advisory Services LLC Increases Stake in EOG Resources, Inc. (NYSE:EOG)

Capital Asset Advisory Services LLC boosted its stake in EOG Resources, Inc. (NYSE:EOG) by 5.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,840 shares of the energy exploration company’s stock after purchasing an additional 810 shares during the quarter. Capital Asset Advisory Services LLC’s holdings in EOG Resources were worth $2,005,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. raised its holdings in shares of EOG Resources by 9.4% in the 4th quarter. Blue Trust Inc. now owns 11,763 shares of the energy exploration company’s stock worth $1,446,000 after purchasing an additional 1,015 shares during the period. Insight Inv LLC increased its position in EOG Resources by 4.7% during the 4th quarter. Insight Inv LLC now owns 9,826 shares of the energy exploration company’s stock worth $1,204,000 after purchasing an additional 441 shares in the last quarter. Monte Financial Group LLC raised its holdings in EOG Resources by 1.1% in the fourth quarter. Monte Financial Group LLC now owns 45,630 shares of the energy exploration company’s stock valued at $5,593,000 after buying an additional 511 shares during the period. CFS Investment Advisory Services LLC lifted its position in EOG Resources by 8.4% during the fourth quarter. CFS Investment Advisory Services LLC now owns 3,080 shares of the energy exploration company’s stock valued at $378,000 after buying an additional 239 shares in the last quarter. Finally, Grimes & Company Inc. grew its stake in EOG Resources by 2.3% during the fourth quarter. Grimes & Company Inc. now owns 147,948 shares of the energy exploration company’s stock worth $18,136,000 after buying an additional 3,320 shares during the period. Institutional investors and hedge funds own 89.91% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on EOG shares. Evercore ISI reduced their target price on shares of EOG Resources from $150.00 to $145.00 and set an “outperform” rating on the stock in a report on Monday, September 30th. Raymond James boosted their price objective on EOG Resources from $167.00 to $175.00 and gave the stock a “strong-buy” rating in a research note on Thursday. Barclays lowered their target price on EOG Resources from $144.00 to $137.00 and set an “equal weight” rating for the company in a research note on Thursday, October 3rd. StockNews.com raised EOG Resources from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Finally, Wells Fargo & Company raised shares of EOG Resources from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $147.00 to $150.00 in a research report on Tuesday, December 17th. Thirteen research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, EOG Resources has a consensus rating of “Hold” and an average price target of $143.86.

EOG Resources Stock Down 1.7 %

EOG stock opened at $131.73 on Monday. The firm has a fifty day moving average price of $129.01 and a two-hundred day moving average price of $127.37. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. EOG Resources, Inc. has a 1-year low of $108.94 and a 1-year high of $139.67. The firm has a market cap of $74.09 billion, a price-to-earnings ratio of 10.61, a PEG ratio of 3.68 and a beta of 1.29.

EOG Resources (NYSE:EOG) last issued its earnings results on Thursday, November 7th. The energy exploration company reported $2.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.73 by $0.16. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The firm had revenue of $5.97 billion for the quarter, compared to analysts’ expectations of $6.03 billion. During the same quarter last year, the company posted $3.44 earnings per share. Research analysts predict that EOG Resources, Inc. will post 11.45 EPS for the current year.

EOG Resources Increases Dividend

The company also recently declared 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 is Friday, January 17th. This represents a $3.90 annualized dividend and a dividend yield of 2.96%. This is a positive change from EOG Resources’s previous quarterly dividend of $0.91. EOG Resources’s dividend payout ratio is currently 31.40%.

EOG Resources announced that its Board of Directors has authorized a share buyback plan on Thursday, November 7th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the energy exploration company to repurchase up to 7% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its shares are undervalued.

Insider Buying and Selling

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 shares were sold at an average price of $135.33, for a total value of $76,867.44. Following the completion of the sale, the director now directly owns 43,532 shares of the company’s stock, valued at approximately $5,891,185.56. This represents a 1.29 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at $5,162,365.67. This 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.

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.