Culbertson A N & Co. Inc. Increases Position in EOG Resources, Inc. (NYSE:EOG)

Culbertson A N & Co. Inc. boosted its holdings in EOG Resources, Inc. (NYSE:EOG) by 3.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 32,403 shares of the energy exploration company’s stock after purchasing an additional 1,045 shares during the period. Culbertson A N & Co. Inc.’s holdings in EOG Resources were worth $3,972,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the business. Northwest Investment Counselors LLC purchased a new position in shares of EOG Resources during the 3rd quarter valued at approximately $26,000. Decker Retirement Planning Inc. acquired a new stake in EOG Resources in the fourth quarter valued at $27,000. Eastern Bank bought a new position in EOG Resources during the 3rd quarter valued at $28,000. Capital Performance Advisors LLP acquired a new position in EOG Resources during the 3rd quarter worth $31,000. Finally, HM Payson & Co. increased its position in shares of EOG Resources by 203.7% in the 3rd quarter. HM Payson & Co. now owns 328 shares of the energy exploration company’s stock worth $40,000 after purchasing an additional 220 shares during the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

Insider Activity at EOG Resources

In other news, Director Janet F. Clark sold 568 shares of the business’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $135.33, for a total value of $76,867.44. Following the sale, the director now owns 43,532 shares of the company’s stock, valued at approximately $5,891,185.56. The trade was a 1.29 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the company’s stock in a transaction 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 of the company’s stock, valued at approximately $5,162,365.67. This trade represents a 8.56 % decrease in their position. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by insiders.

EOG Resources Stock Down 1.0 %

Shares of EOG Resources stock opened at $136.70 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. EOG Resources, Inc. has a 1-year low of $108.94 and a 1-year high of $139.67. The business’s fifty day moving average price is $128.96 and its two-hundred day moving average price is $127.07. The company has a market capitalization of $76.89 billion, a P/E ratio of 11.01, a PEG ratio of 3.63 and a beta of 1.29.

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

EOG Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be paid 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 dividend yield of 2.85%. The ex-dividend date is Friday, January 17th. EOG Resources’s payout ratio is currently 31.40%.

Wall Street Analyst Weigh In

EOG has been the topic of several research analyst reports. Citigroup increased their price target on shares of EOG Resources from $127.00 to $134.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 26th. Raymond James boosted their price target on EOG Resources from $156.00 to $167.00 and gave the company a “strong-buy” rating in a report on Thursday, November 21st. KeyCorp reduced their price objective on EOG Resources from $157.00 to $150.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. Evercore ISI decreased their price objective on shares of EOG Resources from $150.00 to $145.00 and set an “outperform” rating for the company in a report on Monday, September 30th. Finally, Wells Fargo & Company raised shares of EOG Resources from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $147.00 to $150.00 in a report on Tuesday, December 17th. Thirteen investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $143.48.

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.