EOG Resources, Inc. (NYSE:EOG) Shares Purchased by Hamilton Point Investment Advisors LLC

Hamilton Point Investment Advisors LLC increased its holdings in EOG Resources, Inc. (NYSE:EOG) by 1.8% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 29,173 shares of the energy exploration company’s stock after acquiring an additional 525 shares during the period. Hamilton Point Investment Advisors LLC’s holdings in EOG Resources were worth $3,576,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. increased its holdings in EOG Resources by 15.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 46,549 shares of the energy exploration company’s stock valued at $5,859,000 after purchasing an additional 6,076 shares during the last quarter. NewEdge Advisors LLC grew its stake in shares of EOG Resources by 25.0% during the second quarter. NewEdge Advisors LLC now owns 18,264 shares of the energy exploration company’s stock worth $2,299,000 after purchasing an additional 3,656 shares in the last quarter. Sunbelt Securities Inc. increased its holdings in EOG Resources by 8.0% in the second quarter. Sunbelt Securities Inc. now owns 1,816 shares of the energy exploration company’s stock valued at $229,000 after buying an additional 135 shares during the last quarter. Advisory Alpha LLC acquired a new stake in EOG Resources in the second quarter valued at $213,000. Finally, Cetera Investment Advisers increased its holdings in shares of EOG Resources by 2.1% in the 2nd quarter. Cetera Investment Advisers now owns 102,657 shares of the energy exploration company’s stock valued at $12,921,000 after acquiring an additional 2,099 shares during the last quarter. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the company’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 sale, the chief operating officer now owns 42,703 shares of the company’s stock, valued at $5,162,365.67. This represents a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Janet F. Clark sold 568 shares of the firm’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 transaction of $76,867.44. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on EOG. Wolfe Research upgraded shares of EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 price target on the stock in a research note on Friday, January 3rd. Raymond James lifted their price target on shares of EOG Resources from $167.00 to $175.00 and gave the stock a “strong-buy” rating in a research note on Thursday, January 23rd. Truist Financial boosted their price target on shares of EOG Resources from $135.00 to $137.00 and gave the company a “hold” rating in a research report on Monday, January 13th. Royal Bank of Canada reiterated a “sector perform” rating and set a $150.00 target price on shares of EOG Resources in a research report on Monday, January 6th. Finally, Scotiabank decreased their target price on EOG Resources from $150.00 to $140.00 and set a “sector perform” rating for the company in a research report on Thursday, October 10th. Thirteen analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $143.90.

EOG Resources Stock Performance

NYSE:EOG opened at $129.75 on Friday. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. EOG Resources, Inc. has a fifty-two week low of $108.94 and a fifty-two week high of $139.67. The firm’s fifty day simple moving average is $128.59 and its 200-day simple moving average is $127.45. The stock has a market cap of $72.98 billion, a PE ratio of 10.45, a price-to-earnings-growth ratio of 3.46 and a beta of 1.29.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Thursday, November 7th. The energy exploration company reported $2.89 earnings per share (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 period last year, the firm earned $3.44 EPS. Analysts expect that EOG Resources, Inc. will post 11.46 earnings per share for the current fiscal year.

EOG Resources declared that its board has authorized a stock repurchase program on Thursday, November 7th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the energy exploration company to reacquire up to 7% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is 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 issued a $0.975 dividend. This is a positive change from EOG Resources’s previous quarterly dividend of $0.91. The ex-dividend date is Friday, January 17th. This represents a $3.90 annualized dividend and a yield of 3.01%. EOG Resources’s dividend payout ratio is 31.40%.

About EOG Resources

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.