EOG Resources, Inc. (NYSE:EOG) Shares Bought by Chicago Capital LLC

Chicago Capital LLC increased its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 6.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,760 shares of the energy exploration company’s stock after purchasing an additional 100 shares during the quarter. Chicago Capital LLC’s holdings in EOG Resources were worth $216,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of EOG. Northwest Investment Counselors LLC acquired a new stake in shares of EOG Resources in the third quarter valued at about $26,000. Decker Retirement Planning Inc. purchased a new position in EOG Resources in the 4th quarter worth approximately $27,000. Eastern Bank acquired a new stake in EOG Resources in the third quarter valued at approximately $28,000. Capital Performance Advisors LLP purchased a new stake in shares of EOG Resources during the third quarter valued at approximately $31,000. Finally, HM Payson & Co. lifted its position in shares of EOG Resources by 203.7% during the third quarter. HM Payson & Co. now owns 328 shares of the energy exploration company’s stock worth $40,000 after purchasing an additional 220 shares in the last quarter. 89.91% of the stock is owned by institutional investors and hedge funds.

EOG Resources Trading Up 0.5 %

NYSE:EOG opened at $126.41 on Tuesday. The stock has a market cap of $71.10 billion, a price-to-earnings ratio of 10.18, a PEG ratio of 3.33 and a beta of 1.27. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. EOG Resources, Inc. has a 1 year low of $108.94 and a 1 year high of $139.67. The business has a fifty day moving average of $128.37 and a 200-day moving average of $127.33.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Thursday, November 7th. The energy exploration company reported $2.89 earnings per share for the quarter, topping analysts’ consensus estimates of $2.73 by $0.16. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The company had revenue of $5.97 billion during the quarter, compared to analyst estimates of $6.03 billion. During the same period in the prior year, the business posted $3.44 EPS. Equities analysts predict that EOG Resources, Inc. will post 11.46 earnings per share for the current year.

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

EOG Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 17th were issued a $0.975 dividend. This is a positive change from EOG Resources’s previous quarterly dividend of $0.91. The ex-dividend date was Friday, January 17th. This represents a $3.90 annualized dividend and a dividend yield of 3.09%. EOG Resources’s dividend payout ratio is 31.40%.

Insider Activity at EOG Resources

In other EOG Resources news, Director Janet F. Clark sold 568 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $135.33, for a total value of $76,867.44. Following the completion of the transaction, the director now directly owns 43,532 shares in the company, valued at $5,891,185.56. This trade represents a 1.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the business’s stock in a transaction 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 sale, the chief operating officer now directly 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. Company insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

EOG has been the subject of a number of recent analyst reports. Benchmark restated a “hold” rating on shares of EOG Resources in a research note on Monday, January 13th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $150.00 price target on shares of EOG Resources in a report on Monday, January 6th. Scotiabank decreased their price objective on shares of EOG Resources from $150.00 to $140.00 and set a “sector perform” rating for the company in a report on Thursday, October 10th. Citigroup upped their target price on shares of EOG Resources from $127.00 to $134.00 and gave the company a “neutral” rating in a research note on Tuesday, November 26th. Finally, Wolfe Research upgraded EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 price objective on the stock in a research note on Friday, January 3rd. Thirteen analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $143.90.

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.