Strategic Planning Group LLC Boosts Holdings in EOG Resources, Inc. (NYSE:EOG)

Strategic Planning Group LLC increased its position in EOG Resources, Inc. (NYSE:EOG) by 3.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,380 shares of the energy exploration company’s stock after purchasing an additional 1,198 shares during the quarter. Strategic Planning Group LLC’s holdings in EOG Resources were worth $3,969,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in EOG. Northwestern Mutual Wealth Management Co. lifted its stake in shares of EOG Resources by 15.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 46,549 shares of the energy exploration company’s stock worth $5,859,000 after acquiring an additional 6,076 shares in the last quarter. NewEdge Advisors LLC increased its holdings in EOG Resources by 25.0% during the 2nd quarter. NewEdge Advisors LLC now owns 18,264 shares of the energy exploration company’s stock worth $2,299,000 after purchasing an additional 3,656 shares during the last quarter. Sunbelt Securities Inc. raised its position in shares of EOG Resources by 8.0% in the 2nd quarter. Sunbelt Securities Inc. now owns 1,816 shares of the energy exploration company’s stock valued at $229,000 after purchasing an additional 135 shares in the last quarter. Advisory Alpha LLC purchased a new position in shares of EOG Resources during the 2nd quarter valued at approximately $213,000. Finally, Cetera Investment Advisers grew its position in shares of EOG Resources by 2.1% during the second quarter. Cetera Investment Advisers now owns 102,657 shares of the energy exploration company’s stock worth $12,921,000 after buying an additional 2,099 shares in the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Wall Street Analyst Weigh In

EOG has been the topic of a number of research analyst reports. Royal Bank of Canada reiterated a “sector perform” rating and set a $150.00 price objective on shares of EOG Resources in a research note on Monday, January 6th. Scotiabank reduced their price target on shares of EOG Resources from $150.00 to $140.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 10th. 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 note on Monday, January 13th. Raymond James lifted their target price on EOG Resources from $167.00 to $175.00 and gave the stock a “strong-buy” rating in a research report on Thursday, January 23rd. Finally, Citigroup raised their price objective on EOG Resources from $127.00 to $134.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 26th. Thirteen analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, EOG Resources presently has an average rating of “Hold” and a consensus target price of $143.90.

Insiders Place Their Bets

In related news, 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 transaction of $76,867.44. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the company’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 of the company’s stock, valued at $5,162,365.67. The trade was a 8.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by insiders.

EOG Resources Trading Down 0.0 %

NYSE:EOG opened at $130.23 on Thursday. The stock has a market cap of $73.25 billion, a price-to-earnings ratio of 10.49, a PEG ratio of 3.68 and a beta of 1.29. 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 1 year low of $108.94 and a 1 year high of $139.67. The business has a fifty day moving average of $128.82 and a 200-day moving average of $127.41.

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, beating analysts’ consensus estimates of $2.73 by $0.16. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The firm had revenue of $5.97 billion during the quarter, compared to analyst estimates of $6.03 billion. During the same quarter in the prior year, the firm posted $3.44 EPS. Equities analysts predict that EOG Resources, Inc. will post 11.45 earnings per share for the current year.

EOG Resources Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be issued a dividend of $0.975 per share. This is a boost from EOG Resources’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Friday, January 17th. This represents a $3.90 annualized dividend and a yield of 2.99%. EOG Resources’s payout ratio is presently 31.40%.

EOG Resources announced that its board has approved a stock repurchase plan on Thursday, November 7th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the energy exploration company to purchase up to 7% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board of directors believes its shares are 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.