Childress Capital Advisors LLC Makes New $211,000 Investment in EOG Resources, Inc. (NYSE:EOG)

Childress Capital Advisors LLC bought a new position in shares of EOG Resources, Inc. (NYSE:EOG) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,721 shares of the energy exploration company’s stock, valued at approximately $211,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Financial Life Planners acquired a new position in EOG Resources in the 4th quarter valued at $25,000. Northwest Investment Counselors LLC acquired a new position in EOG Resources in the third quarter valued at about $26,000. Decker Retirement Planning Inc. bought a new stake in EOG Resources during the fourth quarter worth about $27,000. Eastern Bank bought a new position in EOG Resources in the 3rd quarter valued at about $28,000. Finally, Capital Performance Advisors LLP acquired a new position in shares of EOG Resources in the 3rd quarter valued at approximately $31,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on EOG. Truist Financial upped their target price on EOG Resources from $135.00 to $137.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. Bank of America reaffirmed a “neutral” rating and issued a $144.00 price objective (down from $151.00) on shares of EOG Resources in a research note on Monday, January 13th. StockNews.com raised EOG Resources from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd. 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 note on Thursday, October 10th. Finally, Raymond James upped their price objective on shares of EOG Resources from $167.00 to $175.00 and gave the stock a “strong-buy” rating in a research report on Thursday, January 23rd. Thirteen investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $143.90.

Insiders Place Their Bets

In other news, Director Janet F. Clark sold 568 shares of the company’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 transaction, the director now owns 43,532 shares in the company, valued at approximately $5,891,185.56. This 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 accessible through this link. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $120.89, for a total transaction of $483,560.00. Following 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. Company insiders own 0.20% of the company’s stock.

EOG Resources Trading Up 1.5 %

EOG opened at $128.24 on Wednesday. EOG Resources, Inc. has a twelve month low of $108.94 and a twelve month high of $139.67. The company has a fifty day moving average of $128.26 and a 200-day moving average of $127.29. The stock has a market cap of $72.13 billion, a PE ratio of 10.33, a price-to-earnings-growth ratio of 3.33 and a beta of 1.27. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results 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. The firm had revenue of $5.97 billion during the quarter, compared to the consensus estimate of $6.03 billion. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. During the same period last year, the business posted $3.44 EPS. On average, sell-side analysts predict that EOG Resources, Inc. will post 11.46 EPS for the current year.

EOG Resources Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 17th were paid a $0.975 dividend. The ex-dividend date was Friday, January 17th. This is a positive change from EOG Resources’s previous quarterly dividend of $0.91. This represents a $3.90 annualized dividend and a yield of 3.04%. EOG Resources’s payout ratio is 31.40%.

EOG Resources announced that its Board of Directors has approved a share buyback plan on Thursday, November 7th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the energy exploration company to buy up to 7% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

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.