Affinity Wealth Management LLC Sells 646 Shares of EOG Resources, Inc. (NYSE:EOG)

Affinity Wealth Management LLC decreased its holdings in EOG Resources, Inc. (NYSE:EOG) by 2.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,358 shares of the energy exploration company’s stock after selling 646 shares during the period. Affinity Wealth Management LLC’s holdings in EOG Resources were worth $3,354,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Insight Inv LLC raised its stake in shares of EOG Resources by 4.7% in the fourth quarter. Insight Inv LLC now owns 9,826 shares of the energy exploration company’s stock valued at $1,204,000 after acquiring an additional 441 shares during the period. Monte Financial Group LLC lifted its stake in shares of EOG Resources by 1.1% during the 4th quarter. Monte Financial Group LLC now owns 45,630 shares of the energy exploration company’s stock worth $5,593,000 after acquiring an additional 511 shares during the last quarter. CFS Investment Advisory Services LLC boosted its holdings in EOG Resources by 8.4% during the 4th quarter. CFS Investment Advisory Services LLC now owns 3,080 shares of the energy exploration company’s stock valued at $378,000 after acquiring an additional 239 shares during the period. Grimes & Company Inc. increased its stake in EOG Resources by 2.3% in the fourth quarter. Grimes & Company Inc. now owns 147,948 shares of the energy exploration company’s stock worth $18,136,000 after purchasing an additional 3,320 shares during the period. Finally, Linden Thomas Advisory Services LLC boosted its stake in shares of EOG Resources by 7.8% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 11,856 shares of the energy exploration company’s stock valued at $1,453,000 after purchasing an additional 859 shares during the period. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at EOG Resources

In related news, Director Janet F. Clark sold 568 shares of the company’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 transaction, the director now directly owns 43,532 shares in the company, valued at approximately $5,891,185.56. This represents a 1.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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 sale, the chief operating officer now directly owns 42,703 shares of the company’s stock, valued at approximately $5,162,365.67. This trade represents a 8.56 % decrease in their position. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by insiders.

EOG Resources Stock Down 1.7 %

Shares of EOG opened at $131.73 on Friday. The firm has a market cap of $74.09 billion, a P/E ratio of 10.61, a PEG ratio of 3.68 and a beta of 1.29. EOG Resources, Inc. has a 12 month low of $108.94 and a 12 month high of $139.67. The stock’s 50 day moving average is $129.01 and its two-hundred day moving average is $127.35. 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 (NYSE:EOG) last posted its quarterly earnings data on Thursday, November 7th. The energy exploration company reported $2.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.73 by $0.16. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The business had revenue of $5.97 billion for the quarter, compared to the consensus estimate of $6.03 billion. During the same period last year, the firm posted $3.44 earnings per share. Analysts predict that EOG Resources, Inc. will post 11.45 earnings per share for the current fiscal year.

EOG Resources announced that its board has authorized a stock buyback plan on Thursday, November 7th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the energy exploration company to buy up to 7% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its shares are undervalued.

EOG Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be paid a $0.975 dividend. This is an increase from EOG Resources’s previous quarterly dividend of $0.91. This represents a $3.90 annualized dividend and a yield of 2.96%. The ex-dividend date of this dividend is Friday, January 17th. EOG Resources’s dividend payout ratio is currently 31.40%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Bank of America reaffirmed a “neutral” rating and set a $144.00 target price (down from $151.00) on shares of EOG Resources in a research report on Monday, January 13th. Citigroup lifted their target price on EOG Resources from $127.00 to $134.00 and gave the company a “neutral” rating in a research report on Tuesday, November 26th. Scotiabank dropped their target price on shares of EOG Resources from $150.00 to $140.00 and set a “sector perform” rating on the stock in a report on Thursday, October 10th. Evercore ISI cut their price objective on shares of EOG Resources from $150.00 to $145.00 and set an “outperform” rating on the stock in a report on Monday, September 30th. Finally, Barclays lowered their target price 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. Thirteen equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, EOG Resources presently has a consensus rating of “Hold” and an average price target of $143.86.

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.