Oak Family Advisors LLC Boosts Stock Position in EOG Resources, Inc. (NYSE:EOG)

Oak Family Advisors LLC boosted its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 1.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 30,025 shares of the energy exploration company’s stock after purchasing an additional 535 shares during the quarter. EOG Resources makes up approximately 1.3% of Oak Family Advisors LLC’s holdings, making the stock its 23rd largest holding. Oak Family Advisors LLC’s holdings in EOG Resources were worth $3,680,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of EOG. Czech National Bank increased its holdings in EOG Resources by 5.8% during the 3rd quarter. Czech National Bank now owns 115,848 shares of the energy exploration company’s stock worth $14,241,000 after purchasing an additional 6,331 shares during the last quarter. Cullen Investment Group LTD. grew its position in shares of EOG Resources by 5.9% in the 3rd quarter. Cullen Investment Group LTD. now owns 2,033 shares of the energy exploration company’s stock worth $250,000 after acquiring an additional 114 shares in the last quarter. GAMMA Investing LLC grew its position in shares of EOG Resources by 19.6% in the 3rd quarter. GAMMA Investing LLC now owns 8,015 shares of the energy exploration company’s stock worth $985,000 after acquiring an additional 1,316 shares in the last quarter. Diversified Trust Co grew its position in shares of EOG Resources by 60.1% in the 3rd quarter. Diversified Trust Co now owns 9,573 shares of the energy exploration company’s stock worth $1,177,000 after acquiring an additional 3,595 shares in the last quarter. Finally, Everpar Advisors LLC grew its position in shares of EOG Resources by 3.6% in the 3rd quarter. Everpar Advisors LLC now owns 2,380 shares of the energy exploration company’s stock worth $293,000 after acquiring an additional 83 shares in the last quarter. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

EOG has been the subject of several research reports. Royal Bank of Canada reiterated a “sector perform” rating and issued a $150.00 target price on shares of EOG Resources in a research report on Monday, January 6th. KeyCorp reduced their price objective on EOG Resources from $157.00 to $150.00 and set an “overweight” rating for the company in a research report on Wednesday, October 16th. Piper Sandler boosted their price objective on EOG Resources from $140.00 to $141.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. 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, Raymond James boosted their price objective on EOG Resources from $167.00 to $175.00 and gave the company a “strong-buy” rating in a research report on Thursday, January 23rd. 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 company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $143.90.

Insider Activity

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the business’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 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Janet F. Clark sold 568 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $135.33, for a total value of $76,867.44. Following the completion of the transaction, the director now owns 43,532 shares in the company, valued at $5,891,185.56. This trade represents a 1.29 % decrease in their position. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by corporate insiders.

EOG Resources Stock Down 3.2 %

EOG opened at $125.63 on Monday. The stock’s fifty day moving average is $128.37 and its 200-day moving average is $127.37. The company has a market capitalization of $70.66 billion, a PE ratio of 10.11, a P/E/G ratio of 3.33 and a beta of 1.27. 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, Inc. has a one year low of $108.94 and a one year high of $139.67.

EOG Resources (NYSE:EOG) last announced its earnings results on Thursday, November 7th. The energy exploration company reported $2.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.73 by $0.16. The company had revenue of $5.97 billion for the quarter, compared to analyst estimates 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 firm earned $3.44 earnings per share. On average, equities analysts predict that EOG Resources, Inc. will post 11.46 EPS for the current fiscal year.

EOG Resources Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 17th were issued a dividend of $0.975 per share. This is an increase from EOG Resources’s previous quarterly dividend of $0.91. The ex-dividend date was Friday, January 17th. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.10%. EOG Resources’s payout ratio is currently 31.40%.

EOG Resources announced that its board has initiated 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 buy up to 7% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board believes its stock is undervalued.

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.