EOG Resources, Inc. (NYSE:EOG) Stock Holdings Lifted by Culbertson A N & Co. Inc.

Culbertson A N & Co. Inc. increased its stake in EOG Resources, Inc. (NYSE:EOG) by 3.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 32,403 shares of the energy exploration company’s stock after acquiring an additional 1,045 shares during the quarter. Culbertson A N & Co. Inc.’s holdings in EOG Resources were worth $3,972,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Sei Investments Co. increased its stake in EOG Resources by 0.4% in the 2nd quarter. Sei Investments Co. now owns 301,099 shares of the energy exploration company’s stock worth $37,900,000 after purchasing an additional 1,120 shares in the last quarter. Thrivent Financial for Lutherans increased its position in shares of EOG Resources by 0.7% in the second quarter. Thrivent Financial for Lutherans now owns 242,948 shares of the energy exploration company’s stock worth $30,580,000 after acquiring an additional 1,787 shares in the last quarter. ProShare Advisors LLC raised its holdings in shares of EOG Resources by 7.6% during the second quarter. ProShare Advisors LLC now owns 111,102 shares of the energy exploration company’s stock valued at $13,984,000 after acquiring an additional 7,873 shares during the period. Frank Rimerman Advisors LLC lifted its position in shares of EOG Resources by 400.5% in the 2nd quarter. Frank Rimerman Advisors LLC now owns 2,953 shares of the energy exploration company’s stock valued at $372,000 after acquiring an additional 2,363 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in EOG Resources by 2.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,078 shares of the energy exploration company’s stock worth $771,000 after purchasing an additional 125 shares during the period. 89.91% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Benchmark reissued a “hold” rating on shares of EOG Resources in a research note on Monday, January 13th. Wolfe Research raised EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 price objective for the company in a research note on Friday, January 3rd. KeyCorp decreased their price objective 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. Raymond James increased their price target on shares of EOG Resources from $156.00 to $167.00 and gave the stock a “strong-buy” rating in a research report on Thursday, November 21st. Finally, StockNews.com raised shares of EOG Resources from a “hold” rating to a “buy” rating in a research report on Saturday, January 11th. Thirteen 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 stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $143.48.

Insider Buying and Selling

In other EOG Resources news, Director Janet F. Clark sold 568 shares of EOG Resources stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $135.33, for a total value 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 position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the company’s 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 owns 42,703 shares of the company’s stock, 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. 0.30% of the stock is owned by insiders.

EOG Resources Stock Down 1.0 %

Shares of EOG stock opened at $136.70 on Tuesday. The stock’s 50 day simple moving average is $128.96 and its 200 day simple moving average is $127.07. EOG Resources, Inc. has a twelve month low of $108.94 and a twelve month high of $139.67. 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 company has a market capitalization of $76.89 billion, a price-to-earnings ratio of 11.01, a PEG ratio of 3.63 and a beta of 1.29.

EOG Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be paid a $0.975 dividend. This represents a $3.90 dividend on an annualized basis and a dividend yield of 2.85%. This is a boost from EOG Resources’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Friday, January 17th. EOG Resources’s payout ratio is presently 31.40%.

EOG Resources declared that its board has approved a stock buyback plan on Thursday, November 7th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the energy exploration company to purchase up to 7% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board of directors believes its shares are undervalued.

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.