Foster & Motley Inc. Has $4.63 Million Holdings in EOG Resources, Inc. (NYSE:EOG)

Foster & Motley Inc. grew its holdings in EOG Resources, Inc. (NYSE:EOG) by 3.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,797 shares of the energy exploration company’s stock after purchasing an additional 1,164 shares during the period. Foster & Motley Inc.’s holdings in EOG Resources were worth $4,633,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in EOG. Manning & Napier Advisors LLC lifted its position in EOG Resources by 89.2% in the 4th quarter. Manning & Napier Advisors LLC now owns 53,132 shares of the energy exploration company’s stock worth $6,513,000 after buying an additional 25,056 shares in the last quarter. Swedbank AB raised its holdings in shares of EOG Resources by 62.9% during the fourth quarter. Swedbank AB now owns 364,021 shares of the energy exploration company’s stock worth $44,622,000 after acquiring an additional 140,589 shares in the last quarter. Field & Main Bank boosted its position in EOG Resources by 1.9% during the fourth quarter. Field & Main Bank now owns 6,610 shares of the energy exploration company’s stock valued at $810,000 after purchasing an additional 125 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its stake in EOG Resources by 19.5% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 265,549 shares of the energy exploration company’s stock valued at $32,551,000 after purchasing an additional 43,344 shares in the last quarter. Finally, Twelve Points Wealth Management LLC increased its position in EOG Resources by 27.2% in the 4th quarter. Twelve Points Wealth Management LLC now owns 24,579 shares of the energy exploration company’s stock worth $3,013,000 after purchasing an additional 5,259 shares during the last quarter. 89.91% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other EOG Resources news, Director Janet F. Clark sold 568 shares of the firm’s 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 in the company, valued at $5,891,185.56. This trade represents a 1.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the company’s 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 completion of the sale, the chief operating officer now owns 42,703 shares in the company, valued at approximately $5,162,365.67. This represents a 8.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.20% of the company’s stock.

Wall Street Analyst Weigh In

EOG has been the subject of several research reports. Wolfe Research raised EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 price target for the company in a research note on Friday, January 3rd. Piper Sandler boosted their target price on shares of EOG Resources from $140.00 to $141.00 and gave the stock a “neutral” rating in a research report on Wednesday. Barclays cut their price target on shares of EOG Resources from $144.00 to $137.00 and set an “equal weight” rating on the stock in a report on Thursday, October 3rd. Mizuho lowered their target price on shares of EOG Resources from $156.00 to $148.00 and set an “outperform” rating on the stock in a research report on Monday, December 16th. Finally, Wells Fargo & Company raised EOG Resources from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $147.00 to $150.00 in a research report on Tuesday, December 17th. Thirteen equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $143.90.

EOG Resources Stock Performance

NYSE:EOG opened at $130.23 on Thursday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. The firm’s 50-day moving average is $128.82 and its 200-day moving average is $127.41. EOG Resources, Inc. has a 52-week low of $108.94 and a 52-week high of $139.67. The company 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.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Thursday, November 7th. The energy exploration company reported $2.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.73 by $0.16. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. The firm had revenue of $5.97 billion for the quarter, compared to analyst estimates of $6.03 billion. During the same period in the previous year, the company posted $3.44 earnings per share. Equities research analysts anticipate that EOG Resources, Inc. will post 11.45 earnings per share for the current year.

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

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 given a $0.975 dividend. This is a boost from EOG Resources’s previous quarterly dividend of $0.91. This represents a $3.90 annualized dividend and a yield of 2.99%. The ex-dividend date is Friday, January 17th. 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.