Linden Thomas Advisory Services LLC Grows Position in EOG Resources, Inc. (NYSE:EOG)

Linden Thomas Advisory Services LLC boosted its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 7.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,856 shares of the energy exploration company’s stock after purchasing an additional 859 shares during the period. Linden Thomas Advisory Services LLC’s holdings in EOG Resources were worth $1,453,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Geneos Wealth Management Inc. lifted its position in EOG Resources by 4.7% during the fourth quarter. Geneos Wealth Management Inc. now owns 30,592 shares of the energy exploration company’s stock valued at $3,750,000 after purchasing an additional 1,369 shares in the last quarter. apricus wealth LLC purchased a new position in EOG Resources during the fourth quarter valued at $209,000. Exchange Traded Concepts LLC lifted its position in EOG Resources by 1.8% during the fourth quarter. Exchange Traded Concepts LLC now owns 6,907 shares of the energy exploration company’s stock valued at $847,000 after purchasing an additional 121 shares in the last quarter. CX Institutional lifted its position in EOG Resources by 4.4% during the fourth quarter. CX Institutional now owns 12,564 shares of the energy exploration company’s stock valued at $1,540,000 after purchasing an additional 535 shares in the last quarter. Finally, Impact Partnership Wealth LLC lifted its position in shares of EOG Resources by 4.5% in the fourth quarter. Impact Partnership Wealth LLC now owns 11,618 shares of the energy exploration company’s stock valued at $1,424,000 after acquiring an additional 504 shares in the last quarter. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at EOG Resources

In other EOG Resources news, Director Janet F. Clark sold 568 shares of the business’s 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 sale, the director now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $120.89, for a total value of $483,560.00. Following the completion of the sale, the chief operating officer now directly owns 42,703 shares in the company, valued at approximately $5,162,365.67. The trade was a 8.56 % decrease in their position. The disclosure for this sale can be found here. 0.30% of the stock is owned by corporate insiders.

EOG Resources Trading Down 1.7 %

Shares of EOG Resources stock opened at $131.73 on Friday. The stock has a market cap of $74.09 billion, a P/E ratio of 10.61, a P/E/G ratio of 3.68 and a beta of 1.29. The stock’s 50 day simple moving average is $129.01 and its 200-day simple moving average is $127.35. EOG Resources, Inc. has a 1-year low of $108.94 and a 1-year high of $139.67. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Thursday, November 7th. The energy exploration company reported $2.89 EPS for the quarter, beating the consensus estimate of $2.73 by $0.16. The firm had revenue of $5.97 billion for the quarter, compared to analyst estimates 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 previous year, the company earned $3.44 EPS. Analysts predict that EOG Resources, Inc. will post 11.45 EPS for the current fiscal year.

EOG Resources announced that its Board of Directors has approved a share repurchase plan 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 shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its shares are undervalued.

EOG Resources Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be given a $0.975 dividend. This is a positive change from EOG Resources’s previous quarterly dividend of $0.91. 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 2.96%. EOG Resources’s payout ratio is presently 31.40%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Scotiabank reduced their target price on EOG Resources from $150.00 to $140.00 and set a “sector perform” rating on the stock in a report on Thursday, October 10th. Raymond James boosted their price objective on EOG Resources from $167.00 to $175.00 and gave the stock a “strong-buy” rating in a research note on Thursday. Bank of America reissued a “neutral” rating and set a $144.00 price objective (down from $151.00) on shares of EOG Resources in a research note on Monday, January 13th. Benchmark reissued a “hold” rating on shares of EOG Resources in a research note on Monday, January 13th. Finally, Truist Financial boosted their price objective on EOG Resources from $135.00 to $137.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. Thirteen equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $143.86.

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.