Impact Partnership Wealth LLC Grows Position in EOG Resources, Inc. (NYSE:EOG)

Impact Partnership Wealth LLC grew its position in EOG Resources, Inc. (NYSE:EOG) by 4.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,618 shares of the energy exploration company’s stock after acquiring an additional 504 shares during the quarter. Impact Partnership Wealth LLC’s holdings in EOG Resources were worth $1,424,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EOG. AQR Capital Management LLC boosted its position in EOG Resources by 33.5% during the second quarter. AQR Capital Management LLC now owns 1,004,001 shares of the energy exploration company’s stock worth $126,374,000 after acquiring an additional 252,125 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of EOG Resources by 2.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 12,311,541 shares of the energy exploration company’s stock valued at $1,549,098,000 after acquiring an additional 260,727 shares in the last quarter. Decatur Capital Management Inc. increased its holdings in EOG Resources by 2.7% in the 2nd quarter. Decatur Capital Management Inc. now owns 11,693 shares of the energy exploration company’s stock valued at $1,472,000 after purchasing an additional 302 shares in the last quarter. Daymark Wealth Partners LLC lifted its stake in shares of EOG Resources by 5.5% during the second quarter. Daymark Wealth Partners LLC now owns 11,289 shares of the energy exploration company’s stock worth $1,421,000 after purchasing an additional 590 shares in the last quarter. Finally, MBB Public Markets I LLC raised its stake in shares of EOG Resources by 765.4% during the second quarter. MBB Public Markets I LLC now owns 45,822 shares of the energy exploration company’s stock valued at $5,768,000 after purchasing an additional 40,527 shares during the period. 89.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on EOG. Benchmark reiterated a “hold” rating on shares of EOG Resources in a research note on Monday, January 13th. Raymond James increased their target price on shares of EOG Resources from $167.00 to $175.00 and gave the stock a “strong-buy” rating in a report on Thursday. StockNews.com raised shares of EOG Resources from a “hold” rating to a “buy” rating in a report on Wednesday. Wolfe Research upgraded shares of EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 price objective on the stock in a research note on Friday, January 3rd. Finally, Bank of America restated a “neutral” rating and issued a $144.00 target price (down from $151.00) on shares of EOG Resources in a research note on Monday, January 13th. 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. According to MarketBeat, EOG Resources presently has a consensus rating of “Hold” and an average target price of $143.86.

EOG Resources Trading Down 0.1 %

Shares of NYSE:EOG opened at $133.91 on Friday. The firm has a fifty day moving average price of $129.09 and a 200 day moving average price of $127.27. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. EOG Resources, Inc. has a 1 year low of $108.94 and a 1 year high of $139.67. The stock has a market capitalization of $75.32 billion, a PE ratio of 10.78, a P/E/G ratio of 3.68 and a beta of 1.29.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Thursday, November 7th. The energy exploration company reported $2.89 earnings per share for the quarter, topping the consensus estimate 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 quarter last year, the firm earned $3.44 EPS. Analysts expect that EOG Resources, Inc. will post 11.45 EPS for the current fiscal year.

EOG Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be paid a $0.975 dividend. This is a boost from EOG Resources’s previous quarterly dividend of $0.91. The ex-dividend date is Friday, January 17th. This represents a $3.90 dividend on an annualized basis and a dividend yield of 2.91%. EOG Resources’s dividend payout ratio is currently 31.40%.

EOG Resources declared that its board has authorized a stock repurchase 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 shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Insider Transactions at EOG Resources

In other EOG Resources news, 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 transaction, the director now directly owns 43,532 shares in the company, 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 transaction, the chief operating officer now directly owns 42,703 shares in the company, valued at $5,162,365.67. This trade represents a 8.56 % decrease in their position. The disclosure for this sale can be found here. 0.30% of the stock is owned by insiders.

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.