EOG Resources, Inc. (NYSE:EOG) Shares Bought by Inspire Investing LLC

Inspire Investing LLC raised its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 5.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,443 shares of the energy exploration company’s stock after purchasing an additional 548 shares during the quarter. Inspire Investing LLC’s holdings in EOG Resources were worth $1,280,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. AQR Capital Management LLC increased its holdings in EOG Resources by 33.5% in the 2nd quarter. AQR Capital Management LLC now owns 1,004,001 shares of the energy exploration company’s stock worth $126,374,000 after buying an additional 252,125 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of EOG Resources by 2.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 12,311,541 shares of the energy exploration company’s stock valued at $1,549,098,000 after acquiring an additional 260,727 shares during the last quarter. Decatur Capital Management Inc. increased its stake in shares of EOG Resources by 2.7% in the second quarter. Decatur Capital Management Inc. now owns 11,693 shares of the energy exploration company’s stock worth $1,472,000 after acquiring an additional 302 shares during the period. Daymark Wealth Partners LLC raised its holdings in shares of EOG Resources by 5.5% during the second quarter. Daymark Wealth Partners LLC now owns 11,289 shares of the energy exploration company’s stock worth $1,421,000 after purchasing an additional 590 shares during the last quarter. Finally, MBB Public Markets I LLC lifted its position in EOG Resources by 765.4% during the second quarter. MBB Public Markets I LLC now owns 45,822 shares of the energy exploration company’s stock valued at $5,768,000 after purchasing an additional 40,527 shares during the period. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Price Performance

EOG Resources stock opened at $133.91 on Friday. The company has a fifty day simple moving average of $129.09 and a 200-day simple moving average of $127.27. 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 firm has a market capitalization of $75.32 billion, a price-to-earnings ratio of 10.78, a PEG ratio of 3.76 and a beta of 1.29. EOG Resources, Inc. has a 52-week low of $108.94 and a 52-week high of $139.67.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Thursday, November 7th. The energy exploration company reported $2.89 EPS for the quarter, beating analysts’ consensus estimates of $2.73 by $0.16. The company had revenue of $5.97 billion during the quarter, compared to the consensus estimate of $6.03 billion. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. During the same quarter in the prior year, the firm earned $3.44 EPS. On average, equities analysts anticipate that EOG Resources, Inc. will post 11.45 EPS for the current fiscal year.

EOG Resources Increases Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Friday, January 17th. This represents a $3.90 dividend on an annualized basis and a yield of 2.91%. This is a positive change from EOG Resources’s previous quarterly dividend of $0.91. EOG Resources’s payout ratio is 31.40%.

EOG Resources declared that its Board of Directors has authorized a stock repurchase program 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 stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on EOG shares. Scotiabank reduced their price objective on EOG Resources from $150.00 to $140.00 and set a “sector perform” rating for the company in a research note on Thursday, October 10th. Mizuho reduced their price target on EOG Resources from $156.00 to $148.00 and set an “outperform” rating for the company in a research report on Monday, December 16th. Citigroup upped their price objective on EOG Resources from $127.00 to $134.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 26th. Barclays decreased their target price on shares of 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. Finally, Wells Fargo & Company upgraded shares of EOG Resources from an “equal weight” rating to an “overweight” rating and raised their price target 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 issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, EOG Resources has an average rating of “Hold” and a consensus price target of $143.86.

Insider Buying and Selling at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the business’s stock in a transaction dated Tuesday, December 31st. The shares were 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 in the company, valued at $5,162,365.67. The trade was a 8.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through 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 transaction 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 trade represents a 1.29 % decrease in their position. The disclosure for this sale can be found here. 0.30% of the stock is owned by company insiders.

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.