EOG Resources, Inc. (NYSE:EOG) Shares Sold by Exencial Wealth Advisors LLC

Exencial Wealth Advisors LLC lessened its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 2.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,497 shares of the energy exploration company’s stock after selling 148 shares during the quarter. Exencial Wealth Advisors LLC’s holdings in EOG Resources were worth $796,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Financial Life Planners acquired a new stake in EOG Resources during the 4th quarter worth approximately $25,000. Y.D. More Investments Ltd grew its position in EOG Resources by 149.4% in the fourth quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company’s stock valued at $25,000 after acquiring an additional 121 shares in the last quarter. Decker Retirement Planning Inc. acquired a new stake in EOG Resources in the fourth quarter valued at approximately $27,000. Keystone Financial Group Inc. acquired a new stake in EOG Resources in the fourth quarter valued at approximately $27,000. Finally, Capital Performance Advisors LLP acquired a new stake in EOG Resources in the third quarter valued at approximately $31,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

Insiders Place Their Bets

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the 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 in the company, valued at approximately $5,162,365.67. This represents a 8.56 % 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. Company insiders own 0.30% of the company’s stock.

EOG Resources Stock Up 0.0 %

Shares of EOG Resources stock opened at $122.15 on Thursday. The stock has a market capitalization of $68.70 billion, a P/E ratio of 9.83, a PEG ratio of 3.58 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. The stock has a 50 day moving average price of $129.36 and a two-hundred day moving average price of $127.76. EOG Resources, Inc. has a 12-month low of $115.57 and a 12-month high of $139.67.

EOG Resources (NYSE:EOG) last announced its earnings results on Friday, February 28th. The energy exploration company reported $2.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.55 by $0.19. The firm had revenue of $5.59 billion during the quarter, compared to analysts’ expectations of $5.96 billion. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. Equities analysts expect that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources declared that its board has authorized a stock repurchase 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 buy up to 7% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

EOG Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be given a dividend of $0.975 per share. The ex-dividend date is Wednesday, April 16th. This represents a $3.90 dividend on an annualized basis and a yield of 3.19%. EOG Resources’s payout ratio is currently 34.73%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on EOG. Royal Bank of Canada raised shares of EOG Resources from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $150.00 to $155.00 in a research report on Wednesday, February 12th. StockNews.com downgraded shares of EOG Resources from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. Bank of America reaffirmed a “neutral” rating and issued a $144.00 price objective (down previously from $151.00) on shares of EOG Resources in a research report on Monday, January 13th. Wolfe Research raised shares of EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 price target for the company in a research report on Friday, January 3rd. Finally, Raymond James raised their price target 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. Twelve research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $146.10.

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.