Signet Financial Management LLC Decreases Holdings in EOG Resources, Inc. (NYSE:EOG)

Signet Financial Management LLC reduced its position in EOG Resources, Inc. (NYSE:EOG) by 14.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 25,402 shares of the energy exploration company’s stock after selling 4,269 shares during the period. Signet Financial Management LLC’s holdings in EOG Resources were worth $3,114,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Northwest Investment Counselors LLC acquired a new stake in EOG Resources during the 3rd quarter valued at $26,000. Eastern Bank purchased a new stake in EOG Resources during the 3rd quarter worth about $28,000. Capital Performance Advisors LLP purchased a new position in EOG Resources in the 3rd quarter valued at about $31,000. HM Payson & Co. grew its holdings in shares of EOG Resources by 203.7% during the third quarter. HM Payson & Co. now owns 328 shares of the energy exploration company’s stock worth $40,000 after buying an additional 220 shares in the last quarter. Finally, Matrix Trust Co purchased a new position in shares of EOG Resources during the third quarter valued at approximately $43,000. 89.91% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources stock in a transaction on 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 of the company’s stock, valued at $5,162,365.67. The trade was a 8.56 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Janet F. Clark sold 568 shares of the stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $135.33, for a total transaction of $76,867.44. Following the completion of the transaction, the director now owns 43,532 shares of the company’s stock, valued at $5,891,185.56. This 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 company insiders.

Analyst Ratings Changes

EOG has been the subject of several analyst reports. Wolfe Research upgraded EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 price target for the company in a report on Friday, January 3rd. UBS Group reduced their target price on EOG Resources from $167.00 to $154.00 and set a “buy” rating on the stock in a research report on Wednesday, September 18th. Evercore ISI lowered their price target on EOG Resources from $150.00 to $145.00 and set an “outperform” rating for the company in a report on Monday, September 30th. Mizuho dropped their price objective on shares of EOG Resources from $156.00 to $148.00 and set an “outperform” rating for the company in a research note on Monday, December 16th. Finally, KeyCorp decreased their target price on shares of EOG Resources from $157.00 to $150.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. 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’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $143.48.

EOG Resources Stock Performance

EOG traded up $3.10 on Monday, hitting $134.51. 5,522,621 shares of the company’s stock were exchanged, compared to its average volume of 3,547,088. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. The stock has a fifty day moving average of $127.97 and a two-hundred day moving average of $126.70. EOG Resources, Inc. has a twelve month low of $108.94 and a twelve month high of $139.67. The firm has a market cap of $75.66 billion, a PE ratio of 10.83, a P/E/G ratio of 3.37 and a beta of 1.29.

EOG Resources declared that its Board of Directors has initiated a share repurchase plan on Thursday, November 7th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the energy exploration company to purchase up to 7% of its shares through open market purchases. Shares buyback plans are generally 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. Investors of record on Friday, January 17th will be issued a $0.975 dividend. This is an increase 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 dividend yield of 2.90%. EOG Resources’s dividend payout ratio (DPR) is 31.40%.

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.