Nilsine Partners LLC Boosts Stake in EOG Resources, Inc. (NYSE:EOG)

Nilsine Partners LLC boosted its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 16.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,313 shares of the energy exploration company’s stock after purchasing an additional 1,564 shares during the period. Nilsine Partners LLC’s holdings in EOG Resources were worth $1,387,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Baldwin Wealth Partners LLC MA boosted its holdings in EOG Resources by 25.6% in the 4th quarter. Baldwin Wealth Partners LLC MA now owns 29,929 shares of the energy exploration company’s stock worth $3,669,000 after buying an additional 6,103 shares during the period. Foundations Investment Advisors LLC lifted its position in shares of EOG Resources by 6.1% in the fourth quarter. Foundations Investment Advisors LLC now owns 1,951 shares of the energy exploration company’s stock valued at $239,000 after acquiring an additional 113 shares in the last quarter. Mount Yale Investment Advisors LLC boosted its stake in shares of EOG Resources by 2.5% in the fourth quarter. Mount Yale Investment Advisors LLC now owns 5,834 shares of the energy exploration company’s stock worth $715,000 after acquiring an additional 140 shares during the period. Pacer Advisors Inc. grew its position in shares of EOG Resources by 5.0% during the fourth quarter. Pacer Advisors Inc. now owns 4,469,142 shares of the energy exploration company’s stock worth $547,827,000 after purchasing an additional 214,497 shares in the last quarter. Finally, Hunter Perkins Capital Management LLC raised its stake in EOG Resources by 2.1% during the 4th quarter. Hunter Perkins Capital Management LLC now owns 62,435 shares of the energy exploration company’s stock valued at $7,653,000 after purchasing an additional 1,285 shares during the period. Institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Performance

Shares of NYSE:EOG opened at $130.38 on Wednesday. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. EOG Resources, Inc. has a 12 month low of $108.94 and a 12 month high of $139.67. The company has a market capitalization of $73.33 billion, a price-to-earnings ratio of 10.50, a PEG ratio of 3.68 and a beta of 1.29. The firm’s 50-day moving average is $128.91 and its 200 day moving average is $127.40.

EOG Resources (NYSE:EOG) last released its earnings results 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. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. The firm had revenue of $5.97 billion for the quarter, compared to analysts’ expectations of $6.03 billion. During the same quarter in the prior year, the firm posted $3.44 earnings per share. Research analysts predict that EOG Resources, Inc. will post 11.45 EPS for the current year.

EOG Resources Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be paid a dividend of $0.975 per share. This is a positive change from EOG Resources’s previous quarterly dividend of $0.91. This represents a $3.90 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date of this dividend is Friday, January 17th. EOG Resources’s payout ratio is currently 31.40%.

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

Wall Street Analyst Weigh In

EOG has been the subject of several recent analyst reports. Citigroup upped their price target on EOG Resources from $127.00 to $134.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 26th. Wolfe Research raised shares of EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 target price for the company in a research note on Friday, January 3rd. Piper Sandler decreased their price target on shares of EOG Resources from $149.00 to $140.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 17th. Bank of America restated a “neutral” rating and set a $144.00 price objective (down previously from $151.00) on shares of EOG Resources in a research report on Monday, January 13th. Finally, Wells Fargo & Company upgraded EOG Resources from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $147.00 to $150.00 in a research report on Tuesday, December 17th. 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 company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $143.86.

Insider Transactions at EOG Resources

In related news, Director Janet F. Clark sold 568 shares of the 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 owns 43,532 shares of the company’s stock, valued at $5,891,185.56. This represents 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 the SEC website. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the firm’s stock in a transaction 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 in the company, valued at $5,162,365.67. The trade was a 8.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.30% of the company’s stock.

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.