Lifestyle Asset Management Inc. Raises Stock Position in EOG Resources, Inc. (NYSE:EOG)

Lifestyle Asset Management Inc. lifted its position in EOG Resources, Inc. (NYSE:EOG) by 5.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,152 shares of the energy exploration company’s stock after buying an additional 446 shares during the period. Lifestyle Asset Management Inc.’s holdings in EOG Resources were worth $999,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Galvin Gaustad & Stein LLC grew its position in shares of EOG Resources by 6.6% in the 4th quarter. Galvin Gaustad & Stein LLC now owns 145,262 shares of the energy exploration company’s stock worth $17,806,000 after buying an additional 8,945 shares during the last quarter. Inspire Investing LLC grew its position in shares of EOG Resources by 5.5% in the 4th quarter. Inspire Investing LLC now owns 10,443 shares of the energy exploration company’s stock worth $1,280,000 after buying an additional 548 shares during the last quarter. Wesbanco Bank Inc. grew its position in shares of EOG Resources by 59.3% in the 4th quarter. Wesbanco Bank Inc. now owns 103,795 shares of the energy exploration company’s stock worth $12,723,000 after buying an additional 38,642 shares during the last quarter. Phillips Wealth Planners LLC grew its position in shares of EOG Resources by 12.6% in the 4th quarter. Phillips Wealth Planners LLC now owns 2,505 shares of the energy exploration company’s stock worth $329,000 after buying an additional 280 shares during the last quarter. Finally, Daymark Wealth Partners LLC grew its position in EOG Resources by 23.1% during the 4th quarter. Daymark Wealth Partners LLC now owns 13,835 shares of the energy exploration company’s stock worth $1,696,000 after purchasing an additional 2,598 shares during the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Insider Buying and Selling at EOG Resources

In other EOG Resources news, Director Janet F. Clark sold 568 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $120.89, for a total value of $483,560.00. Following the transaction, 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 position. The disclosure for this sale can be found here. Insiders own 0.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on EOG shares. Royal Bank of Canada reissued a “sector perform” rating and set a $150.00 target price on shares of EOG Resources in a research report on Monday, January 6th. Wolfe Research raised shares of EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 target price on the stock in a research report on Friday, January 3rd. Barclays dropped their target price on shares of EOG Resources from $144.00 to $137.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 3rd. Benchmark reissued a “hold” rating on shares of EOG Resources in a research report on Monday, January 13th. Finally, Wells Fargo & Company upgraded shares of EOG Resources from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $147.00 to $150.00 in a research note on Tuesday, December 17th. 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 data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $143.86.

EOG Resources Trading Down 0.1 %

Shares of EOG 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 market cap of $75.32 billion, a price-to-earnings ratio of 10.78, a PEG ratio of 3.76 and a beta of 1.29. 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 50 day simple moving average of $129.09 and a 200-day simple moving average of $127.27.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Thursday, November 7th. The energy exploration company reported $2.89 earnings per share for the quarter, topping 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 company had revenue of $5.97 billion during the quarter, compared to analysts’ expectations of $6.03 billion. During the same period in the prior year, the business posted $3.44 earnings per share. On average, equities research analysts expect that EOG Resources, Inc. will post 11.45 EPS for the current fiscal year.

EOG Resources declared that its Board of Directors has approved 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 buy up to 7% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

EOG Resources Increases Dividend

The company also recently disclosed 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 represents a $3.90 annualized dividend and a yield of 2.91%. 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. EOG Resources’s payout ratio is presently 31.40%.

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.