Phillips Wealth Planners LLC Raises Stake in EOG Resources, Inc. (NYSE:EOG)

Phillips Wealth Planners LLC increased its stake in EOG Resources, Inc. (NYSE:EOG) by 12.6% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 2,505 shares of the energy exploration company’s stock after buying an additional 280 shares during the quarter. Phillips Wealth Planners LLC’s holdings in EOG Resources were worth $329,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Daymark Wealth Partners LLC boosted its holdings in shares of EOG Resources by 23.1% in the 4th quarter. Daymark Wealth Partners LLC now owns 13,835 shares of the energy exploration company’s stock worth $1,696,000 after buying an additional 2,598 shares during the last quarter. Advisory Alpha LLC lifted its holdings in EOG Resources by 21.0% during the fourth quarter. Advisory Alpha LLC now owns 2,549 shares of the energy exploration company’s stock valued at $312,000 after purchasing an additional 442 shares during the last quarter. Eads & Heald Wealth Management lifted its holdings in EOG Resources by 29.6% during the fourth quarter. Eads & Heald Wealth Management now owns 8,119 shares of the energy exploration company’s stock valued at $995,000 after purchasing an additional 1,855 shares during the last quarter. Simon Quick Advisors LLC lifted its holdings in EOG Resources by 10.8% during the fourth quarter. Simon Quick Advisors LLC now owns 4,576 shares of the energy exploration company’s stock valued at $561,000 after purchasing an additional 447 shares during the last quarter. Finally, MCF Advisors LLC lifted its holdings in EOG Resources by 44.7% during the fourth quarter. MCF Advisors LLC now owns 625 shares of the energy exploration company’s stock valued at $77,000 after purchasing an additional 193 shares during the last quarter. 89.91% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the stock in a transaction that occurred 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 completion of the sale, the chief operating officer now owns 42,703 shares of the company’s stock, valued at approximately $5,162,365.67. This represents a 8.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Janet F. Clark sold 568 shares of the stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $135.33, for a total value of $76,867.44. Following the sale, the director now directly owns 43,532 shares of the company’s stock, valued at approximately $5,891,185.56. This trade represents a 1.29 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on EOG. Benchmark reaffirmed a “hold” rating on shares of EOG Resources in a report on Monday, January 13th. Barclays dropped their price objective 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. Wolfe Research raised shares of EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 price target on the stock in a report on Friday, January 3rd. Evercore ISI lowered their price target on shares of EOG Resources from $150.00 to $145.00 and set an “outperform” rating on the stock in a report on Monday, September 30th. Finally, Piper Sandler lowered their price target on shares of EOG Resources from $149.00 to $140.00 and set a “neutral” rating on the stock in a report on Tuesday, December 17th. Thirteen equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, EOG Resources presently has an average rating of “Hold” and an average target price of $143.48.

EOG Resources Stock Down 1.4 %

Shares of NYSE EOG opened at $134.07 on Thursday. EOG Resources, Inc. has a one year low of $108.94 and a one year high of $139.67. 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 firm’s 50 day simple moving average is $129.10 and its two-hundred day simple moving average is $127.22. The stock has a market capitalization of $75.41 billion, a P/E ratio of 10.79, a PEG ratio of 3.77 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 EPS for the quarter, beating 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 business had revenue of $5.97 billion for the quarter, compared to analysts’ expectations of $6.03 billion. During the same period last year, the business earned $3.44 earnings per share. As a group, analysts expect that EOG Resources, Inc. will post 11.45 EPS for the current fiscal year.

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

EOG Resources Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be given a dividend of $0.975 per share. This is a boost from EOG Resources’s previous quarterly dividend of $0.91. This represents a $3.90 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date is Friday, January 17th. EOG Resources’s dividend payout ratio (DPR) is presently 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.