B & T Capital Management DBA Alpha Capital Management Boosts Stake in EOG Resources, Inc. (NYSE:EOG)

B & T Capital Management DBA Alpha Capital Management lifted its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 0.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 20,755 shares of the energy exploration company’s stock after acquiring an additional 149 shares during the quarter. B & T Capital Management DBA Alpha Capital Management’s holdings in EOG Resources were worth $2,544,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Northwest Investment Counselors LLC acquired a new position in shares of EOG Resources in the 3rd quarter valued at approximately $26,000. Decker Retirement Planning Inc. acquired a new stake in EOG Resources in the fourth quarter valued at $27,000. Eastern Bank bought a new position in EOG Resources during the 3rd quarter valued at $28,000. Capital Performance Advisors LLP acquired a new position in EOG Resources during the 3rd quarter worth $31,000. Finally, HM Payson & Co. increased its position in shares of EOG Resources by 203.7% in the 3rd quarter. HM Payson & Co. now owns 328 shares of the energy exploration company’s stock worth $40,000 after purchasing an additional 220 shares during the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

Insiders Place Their Bets

In related news, Director Janet F. Clark sold 568 shares of EOG Resources stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $135.33, for a total transaction of $76,867.44. Following the transaction, the director now directly owns 43,532 shares of the company’s stock, valued at $5,891,185.56. The trade was a 1.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the business’s stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $120.89, for a total transaction of $483,560.00. Following the completion of the sale, the chief operating officer now owns 42,703 shares in the company, valued at approximately $5,162,365.67. This trade represents 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 owned by insiders.

Analyst Ratings Changes

EOG has been the topic of several research analyst reports. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $150.00 price target on shares of EOG Resources in a research report on Monday, January 6th. StockNews.com upgraded EOG Resources from a “hold” rating to a “buy” rating in a research report on Saturday, January 11th. Citigroup upped their price target on EOG Resources from $127.00 to $134.00 and gave the company a “neutral” rating in a research report on Tuesday, November 26th. KeyCorp decreased their price objective on shares of EOG Resources from $157.00 to $150.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. Finally, Bank of America reissued a “neutral” rating and set a $144.00 target price (down from $151.00) on shares of EOG Resources in a report on Monday, January 13th. Thirteen investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $143.48.

EOG Resources Price Performance

Shares of EOG opened at $136.70 on Friday. EOG Resources, Inc. has a one year low of $108.94 and a one year high of $139.67. The stock’s fifty day moving average is $128.91 and its 200-day moving average is $126.99. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. The firm has a market capitalization of $76.89 billion, a price-to-earnings ratio of 11.01, a price-to-earnings-growth ratio of 3.63 and a beta of 1.29.

EOG Resources announced that its board has approved a share repurchase program on Thursday, November 7th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the energy exploration company to purchase up to 7% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

EOG Resources Increases Dividend

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

EOG Resources 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.