Torray Investment Partners LLC Buys 8,378 Shares of EOG Resources, Inc. (NYSE:EOG)

Torray Investment Partners LLC increased its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 5.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 150,612 shares of the energy exploration company’s stock after purchasing an additional 8,378 shares during the quarter. EOG Resources accounts for 2.6% of Torray Investment Partners LLC’s holdings, making the stock its 7th largest holding. Torray Investment Partners LLC’s holdings in EOG Resources were worth $18,462,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Commerzbank Aktiengesellschaft FI grew its position in shares of EOG Resources by 46.6% during the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 4,448 shares of the energy exploration company’s stock worth $537,000 after buying an additional 1,413 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in EOG Resources by 4.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 18,192,314 shares of the energy exploration company’s stock worth $2,230,014,000 after acquiring an additional 781,282 shares in the last quarter. Steward Partners Investment Advisory LLC increased its position in shares of EOG Resources by 8.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 26,828 shares of the energy exploration company’s stock valued at $3,289,000 after purchasing an additional 2,115 shares during the last quarter. Meridian Wealth Management LLC raised its holdings in shares of EOG Resources by 5.2% in the 4th quarter. Meridian Wealth Management LLC now owns 30,388 shares of the energy exploration company’s stock valued at $3,725,000 after purchasing an additional 1,498 shares in the last quarter. Finally, Woodley Farra Manion Portfolio Management Inc. lifted its position in shares of EOG Resources by 1.2% during the 4th quarter. Woodley Farra Manion Portfolio Management Inc. now owns 321,336 shares of the energy exploration company’s stock worth $39,389,000 after purchasing an additional 3,939 shares during the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Insider Transactions at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources 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 directly owns 42,703 shares of the company’s stock, valued at $5,162,365.67. The trade was a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.30% of the company’s stock.

EOG Resources Stock Performance

NYSE:EOG opened at $120.28 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. The firm’s fifty day moving average price is $129.31 and its 200 day moving average price is $127.85. EOG Resources, Inc. has a 1-year low of $115.40 and a 1-year high of $139.67. The firm has a market cap of $67.65 billion, a price-to-earnings ratio of 9.68, a price-to-earnings-growth ratio of 3.58 and a beta of 1.27.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Friday, February 28th. The energy exploration company reported $2.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.55 by $0.19. The business had revenue of $5.59 billion during the quarter, compared to the consensus estimate of $5.96 billion. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. On average, sell-side analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current year.

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 buy up to 7% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its stock is undervalued.

EOG Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be given a $0.975 dividend. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date of this dividend is Wednesday, April 16th. EOG Resources’s dividend payout ratio is currently 34.73%.

Analysts Set New Price Targets

EOG has been the subject of a number of recent analyst reports. Wolfe Research raised EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 price target for the company in a report on Friday, January 3rd. Barclays decreased their target price on EOG Resources from $148.00 to $146.00 and set an “equal weight” rating for the company in a research note on Friday. StockNews.com lowered shares of EOG Resources from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. Bank of America restated a “neutral” rating and set a $144.00 price objective (down previously from $151.00) on shares of EOG Resources in a research report on Monday, January 13th. Finally, Mizuho dropped their target price on shares of EOG Resources from $156.00 to $148.00 and set an “outperform” rating on the stock in a research report on Monday, December 16th. Twelve investment 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 stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $145.80.

About EOG Resources

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.