Phillips Wealth Planners LLC Increases Stock Holdings in EOG Resources, Inc. (NYSE:EOG)

Phillips Wealth Planners LLC increased its holdings in EOG Resources, Inc. (NYSE:EOG) by 12.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,505 shares of the energy exploration company’s stock after acquiring an additional 280 shares during the quarter. Phillips Wealth Planners LLC’s holdings in EOG Resources were worth $329,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Daymark Wealth Partners LLC lifted its stake in EOG Resources by 23.1% in the fourth quarter. Daymark Wealth Partners LLC now owns 13,835 shares of the energy exploration company’s stock worth $1,696,000 after acquiring an additional 2,598 shares during the period. Advisory Alpha LLC lifted its position in EOG Resources by 21.0% during the fourth quarter. Advisory Alpha LLC now owns 2,549 shares of the energy exploration company’s stock valued at $312,000 after buying an additional 442 shares during the period. Eads & Heald Wealth Management lifted its position in EOG Resources by 29.6% during the fourth quarter. Eads & Heald Wealth Management now owns 8,119 shares of the energy exploration company’s stock valued at $995,000 after buying an additional 1,855 shares during the period. Simon Quick Advisors LLC lifted its position in EOG Resources by 10.8% during the fourth quarter. Simon Quick Advisors LLC now owns 4,576 shares of the energy exploration company’s stock valued at $561,000 after buying an additional 447 shares during the period. Finally, MCF Advisors LLC lifted its position in EOG Resources by 44.7% during the fourth quarter. MCF Advisors LLC now owns 625 shares of the energy exploration company’s stock valued at $77,000 after buying an additional 193 shares during the period. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Trading Down 1.4 %

EOG Resources stock opened at $134.07 on Thursday. The business has a 50-day simple moving average of $129.10 and a two-hundred day simple moving average of $127.22. The company has a market cap of $75.41 billion, a P/E ratio of 10.79, a P/E/G ratio of 3.77 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. 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 (NYSE:EOG) last released 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 business had revenue of $5.97 billion during the quarter, compared to the consensus estimate of $6.03 billion. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. During the same period in the previous year, the company posted $3.44 EPS. Analysts predict that EOG Resources, Inc. will post 11.45 EPS for the current year.

EOG Resources declared that its board has approved a share buyback program on Thursday, November 7th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the energy exploration company to repurchase up to 7% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

EOG Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be given a dividend of $0.975 per share. This is a boost 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 2.91%. The ex-dividend date is Friday, January 17th. EOG Resources’s payout ratio is presently 31.40%.

Insider Activity

In other news, Director Janet F. Clark sold 568 shares of EOG Resources stock in a transaction dated 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 $5,891,185.56. The trade was a 1.29 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources 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 approximately $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. Insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

EOG has been the subject of several recent research reports. StockNews.com raised EOG Resources from a “hold” rating to a “buy” rating in a research report on Wednesday. Evercore ISI lowered their price objective on EOG Resources from $150.00 to $145.00 and set an “outperform” rating for the company in a research report on Monday, September 30th. Piper Sandler lowered their price objective on EOG Resources from $149.00 to $140.00 and set a “neutral” rating for the company in a research report on Tuesday, December 17th. Barclays reduced their price target on EOG Resources from $144.00 to $137.00 and set an “equal weight” rating for the company in a report on Thursday, October 3rd. Finally, Citigroup raised their price target on EOG Resources from $127.00 to $134.00 and gave the company a “neutral” rating in a report on Tuesday, November 26th. Thirteen research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, EOG Resources currently has a consensus rating of “Hold” and a consensus price target of $143.48.

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.