Radnor Capital Management LLC Reduces Stock Position in EOG Resources, Inc. (NYSE:EOG)

Radnor Capital Management LLC trimmed its holdings in EOG Resources, Inc. (NYSE:EOGFree Report) by 8.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 8,335 shares of the energy exploration company’s stock after selling 745 shares during the quarter. Radnor Capital Management LLC’s holdings in EOG Resources were worth $1,022,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of EOG. Citizens Financial Group Inc. RI grew its position in shares of EOG Resources by 9.5% in the second quarter. Citizens Financial Group Inc. RI now owns 3,204 shares of the energy exploration company’s stock valued at $403,000 after purchasing an additional 278 shares in the last quarter. Axxcess Wealth Management LLC grew its holdings in EOG Resources by 0.6% during the 2nd quarter. Axxcess Wealth Management LLC now owns 18,237 shares of the energy exploration company’s stock valued at $2,295,000 after buying an additional 105 shares in the last quarter. Mutual of America Capital Management LLC increased its position in shares of EOG Resources by 6.9% during the second quarter. Mutual of America Capital Management LLC now owns 81,759 shares of the energy exploration company’s stock valued at $10,291,000 after buying an additional 5,303 shares during the period. Mercer Global Advisors Inc. ADV lifted its holdings in shares of EOG Resources by 0.4% in the second quarter. Mercer Global Advisors Inc. ADV now owns 1,088,336 shares of the energy exploration company’s stock worth $136,977,000 after buying an additional 4,382 shares in the last quarter. Finally, Meiji Yasuda Life Insurance Co boosted its position in shares of EOG Resources by 12.8% in the second quarter. Meiji Yasuda Life Insurance Co now owns 25,828 shares of the energy exploration company’s stock valued at $3,251,000 after acquiring an additional 2,927 shares during the period. Institutional investors own 89.91% of the company’s stock.

EOG Resources Price Performance

Shares of NYSE:EOG opened at $137.17 on Thursday. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. The stock has a market cap of $77.15 billion, a PE ratio of 11.04, a PEG ratio of 3.37 and a beta of 1.29. The company’s fifty day moving average is $128.48 and its 200 day moving average is $126.84. EOG Resources, Inc. has a 52 week low of $108.94 and a 52 week high of $139.67.

EOG Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be issued a $0.975 dividend. The ex-dividend date of this dividend is Friday, January 17th. This represents a $3.90 annualized dividend and a dividend yield of 2.84%. This is an increase from EOG Resources’s previous quarterly dividend of $0.91. EOG Resources’s payout ratio is currently 31.40%.

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

Analysts Set New Price Targets

EOG has been the topic of a number of analyst reports. Bank of America reaffirmed a “neutral” rating and set a $144.00 target price (down previously from $151.00) on shares of EOG Resources in a report on Monday. Raymond James upped their price target on shares of EOG Resources from $156.00 to $167.00 and gave the stock a “strong-buy” rating in a report on Thursday, November 21st. Evercore ISI dropped their price objective on EOG Resources from $150.00 to $145.00 and set an “outperform” rating for the company in a research note on Monday, September 30th. StockNews.com upgraded EOG Resources from a “hold” rating to a “buy” rating in a research note on Saturday, January 11th. Finally, KeyCorp dropped their price target on EOG Resources from $157.00 to $150.00 and set an “overweight” rating for the company in a research report on Wednesday, October 16th. Thirteen research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, EOG Resources currently has an average rating of “Hold” and an average target price of $143.48.

Check Out Our Latest Analysis on EOG Resources

Insider Activity

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 stock was sold at an average price of $120.89, for a total value 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Janet F. Clark sold 568 shares of the 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 sale, the director now directly owns 43,532 shares of the company’s stock, valued at approximately $5,891,185.56. This trade represents a 1.29 % decrease in their position. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by corporate insiders.

EOG Resources Profile

(Free Report)

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.

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Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)

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