EOG Resources, Inc. (NYSE:EOG) Shares Sold by Turtle Creek Wealth Advisors LLC

Turtle Creek Wealth Advisors LLC lowered its stake in EOG Resources, Inc. (NYSE:EOG) by 24.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,978 shares of the energy exploration company’s stock after selling 8,995 shares during the period. Turtle Creek Wealth Advisors LLC’s holdings in EOG Resources were worth $3,430,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. Hamilton Point Investment Advisors LLC raised its position in EOG Resources by 1.8% in the 4th quarter. Hamilton Point Investment Advisors LLC now owns 29,173 shares of the energy exploration company’s stock valued at $3,576,000 after purchasing an additional 525 shares in the last quarter. Mediolanum International Funds Ltd raised its position in EOG Resources by 21.1% in the 4th quarter. Mediolanum International Funds Ltd now owns 100,531 shares of the energy exploration company’s stock valued at $12,092,000 after purchasing an additional 17,488 shares in the last quarter. Cairn Investment Group Inc. raised its position in EOG Resources by 5.6% in the 4th quarter. Cairn Investment Group Inc. now owns 15,849 shares of the energy exploration company’s stock valued at $1,943,000 after purchasing an additional 835 shares in the last quarter. Murphy Pohlad Asset Management LLC acquired a new stake in EOG Resources in the 4th quarter valued at about $208,000. Finally, DMC Group LLC raised its position in EOG Resources by 1.4% in the 4th quarter. DMC Group LLC now owns 9,546 shares of the energy exploration company’s stock valued at $1,170,000 after purchasing an additional 129 shares in the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Stock Performance

Shares of EOG stock opened at $129.75 on Friday. The stock has a fifty day moving average price of $128.59 and a 200 day moving average price of $127.45. The stock has a market cap of $72.98 billion, a PE ratio of 10.45, a P/E/G ratio of 3.46 and a beta of 1.29. 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 quick ratio of 2.07 and a current ratio of 2.31.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Thursday, November 7th. The energy exploration company reported $2.89 earnings per share for the quarter, topping 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 company had revenue of $5.97 billion during the quarter, compared to analysts’ expectations of $6.03 billion. During the same period in the previous year, the firm posted $3.44 earnings per share. Sell-side analysts forecast that EOG Resources, Inc. will post 11.46 earnings per share for the current fiscal year.

EOG Resources declared that its board has approved a stock 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 reacquire up to 7% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

EOG Resources Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be issued a $0.975 dividend. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.01%. This is a boost from EOG Resources’s previous quarterly dividend of $0.91. The ex-dividend date is Friday, January 17th. EOG Resources’s payout ratio is 31.40%.

Insider Transactions at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the company’s stock in a transaction dated Tuesday, December 31st. The stock was 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 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Janet F. Clark sold 568 shares of the company’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $135.33, for a total value of $76,867.44. Following the completion of the sale, 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 disclosure for this sale can be found here. Insiders own 0.30% of the company’s stock.

Analysts Set New Price Targets

EOG has been the topic of several research analyst reports. Barclays cut their target price on EOG Resources from $144.00 to $137.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 3rd. Royal Bank of Canada restated a “sector perform” rating and set a $150.00 price target on shares of EOG Resources in a research note on Monday, January 6th. Citigroup lifted their target price on EOG Resources from $127.00 to $134.00 and gave the company a “neutral” rating in a research note on Tuesday, November 26th. Bank of America reiterated a “neutral” rating and issued a $144.00 target price (down from $151.00) on shares of EOG Resources in a research note on Monday, January 13th. Finally, Piper Sandler lifted their target price on EOG Resources from $140.00 to $141.00 and gave the company a “neutral” rating in a research note on Wednesday. Thirteen 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 stock. Based on data from MarketBeat.com, EOG Resources has a consensus rating of “Hold” and a consensus target price of $143.90.

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.