EOG Resources, Inc. (NYSE:EOG) Shares Purchased by Lifestyle Asset Management Inc.

Lifestyle Asset Management Inc. increased its holdings in EOG Resources, Inc. (NYSE:EOG) by 5.8% in the 4th quarter, HoldingsChannel reports. The fund owned 8,152 shares of the energy exploration company’s stock after purchasing an additional 446 shares during the quarter. Lifestyle Asset Management Inc.’s holdings in EOG Resources were worth $999,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Northwest Investment Counselors LLC purchased a new position in EOG Resources in the third quarter worth approximately $26,000. Decker Retirement Planning Inc. purchased a new position in EOG Resources in the fourth quarter worth approximately $27,000. Eastern Bank purchased a new position in EOG Resources in the third quarter worth approximately $28,000. Capital Performance Advisors LLP purchased a new position in EOG Resources in the third quarter worth approximately $31,000. Finally, HM Payson & Co. grew its position in EOG Resources by 203.7% in the third quarter. HM Payson & Co. now owns 328 shares of the energy exploration company’s stock worth $40,000 after acquiring an additional 220 shares during the period. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

EOG Resources Stock Down 0.1 %

EOG Resources stock opened at $133.91 on Friday. 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 current ratio of 2.31 and a quick ratio of 2.07. The stock has a market cap of $75.32 billion, a PE ratio of 10.78, a P/E/G ratio of 3.76 and a beta of 1.29. The stock’s fifty day moving average is $129.09 and its two-hundred day moving average is $127.27.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Thursday, November 7th. The energy exploration company reported $2.89 earnings per share for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $6.03 billion. During the same period last year, the firm earned $3.44 earnings per share. On average, sell-side analysts expect that EOG Resources, Inc. will post 11.45 EPS for the current fiscal year.

EOG Resources announced that its board has approved a share buyback program on Thursday, November 7th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the energy exploration company to reacquire up to 7% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

EOG Resources Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be paid a $0.975 dividend. The ex-dividend date is Friday, January 17th. 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 yield of 2.91%. EOG Resources’s dividend payout ratio (DPR) is currently 31.40%.

Insider Buying and Selling at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $120.89, for a total transaction of $483,560.00. Following the sale, the chief operating officer now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 value of $76,867.44. Following the sale, 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. 0.30% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Truist Financial increased their price objective on EOG Resources from $135.00 to $137.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. KeyCorp lowered their price target 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. StockNews.com upgraded EOG Resources from a “hold” rating to a “buy” rating in a research report on Wednesday. Bank of America restated a “neutral” rating and set a $144.00 price target (down from $151.00) on shares of EOG Resources in a research report on Monday, January 13th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $150.00 price target on shares of EOG Resources in a research report on Monday, January 6th. 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. Based on data from MarketBeat, EOG Resources presently has an average rating of “Hold” and an average target price of $143.86.

EOG Resources 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.