Fisher Asset Management LLC Acquires 19,724 Shares of EOG Resources, Inc. (NYSE:EOG)

Fisher Asset Management LLC grew its holdings in EOG Resources, Inc. (NYSE:EOG) by 1.6% in the 4th quarter, HoldingsChannel reports. The firm owned 1,220,575 shares of the energy exploration company’s stock after buying an additional 19,724 shares during the quarter. Fisher Asset Management LLC’s holdings in EOG Resources were worth $149,618,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Financial Life Planners bought a new position in shares of EOG Resources during the 4th quarter worth approximately $25,000. Y.D. More Investments Ltd raised its stake in shares of EOG Resources by 149.4% during the 4th quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company’s stock worth $25,000 after acquiring an additional 121 shares in the last quarter. Decker Retirement Planning Inc. bought a new position in shares of EOG Resources during the 4th quarter worth approximately $27,000. Keystone Financial Group Inc. bought a new position in shares of EOG Resources during the 4th quarter worth approximately $27,000. Finally, Capital Performance Advisors LLP bought a new position in shares of EOG Resources during the 3rd quarter worth approximately $31,000. Institutional investors own 89.91% of the company’s stock.

EOG Resources Price Performance

Shares of NYSE EOG opened at $126.99 on Friday. The firm has a 50-day simple moving average of $129.30 and a 200-day simple moving average of $127.89. The stock has a market capitalization of $71.43 billion, a price-to-earnings ratio of 10.22, a price-to-earnings-growth ratio of 3.58 and a beta of 1.27. 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 52 week low of $113.83 and a 52 week high of $139.67.

EOG Resources (NYSE:EOG) last issued its earnings results on Friday, February 28th. The energy exploration company reported $2.74 EPS for the quarter, beating analysts’ consensus estimates of $2.55 by $0.19. The business had revenue of $5.59 billion during the quarter, compared to analysts’ expectations of $5.96 billion. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. On average, equities analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be given a dividend of $0.975 per share. This represents a $3.90 annualized dividend and a yield of 3.07%. The ex-dividend date of this dividend is Wednesday, April 16th. EOG Resources’s payout ratio is currently 31.40%.

EOG Resources declared that its Board of Directors has authorized a stock buyback 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 an indication that the company’s board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on EOG. Raymond James upped their price target on shares of EOG Resources from $167.00 to $175.00 and gave the company a “strong-buy” rating in a research note on Thursday, January 23rd. Royal Bank of Canada upgraded shares of EOG Resources from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $150.00 to $155.00 in a research note on Wednesday, February 12th. Benchmark restated a “hold” rating on shares of EOG Resources in a research note on Monday, January 13th. Wells Fargo & Company upgraded shares of EOG Resources from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $147.00 to $150.00 in a research note on Tuesday, December 17th. Finally, Mizuho cut their price target on shares of EOG Resources from $156.00 to $148.00 and set an “outperform” rating on the stock in a research note on Monday, December 16th. Twelve investment 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. Based on data from MarketBeat, EOG Resources has an average rating of “Moderate Buy” and an average price target of $145.30.

Insider Buying and Selling

In related news, COO Jeffrey R. Leitzell sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $120.89, for a total transaction of $483,560.00. Following the completion of the sale, the chief operating officer now directly owns 42,703 shares in the company, valued at approximately $5,162,365.67. This trade represents a 8.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.30% of the stock is owned by company insiders.

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.