Petredis Investment Advisors LLC Sells 860 Shares of EOG Resources, Inc. (NYSE:EOG)

Petredis Investment Advisors LLC decreased its position in shares of EOG Resources, Inc. (NYSE:EOG) by 1.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 47,623 shares of the energy exploration company’s stock after selling 860 shares during the quarter. Petredis Investment Advisors LLC’s holdings in EOG Resources were worth $5,838,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in EOG. Exchange Traded Concepts LLC raised its position in shares of EOG Resources by 1.8% in the fourth quarter. Exchange Traded Concepts LLC now owns 6,907 shares of the energy exploration company’s stock valued at $847,000 after purchasing an additional 121 shares during the period. CX Institutional grew its stake in EOG Resources by 4.4% in the 4th quarter. CX Institutional now owns 12,564 shares of the energy exploration company’s stock valued at $1,540,000 after buying an additional 535 shares in the last quarter. Impact Partnership Wealth LLC raised its holdings in EOG Resources by 4.5% during the 4th quarter. Impact Partnership Wealth LLC now owns 11,618 shares of the energy exploration company’s stock valued at $1,424,000 after acquiring an additional 504 shares during the period. LexAurum Advisors LLC purchased a new stake in shares of EOG Resources during the fourth quarter worth $345,000. Finally, Sustainable Insight Capital Management LLC bought a new position in shares of EOG Resources in the fourth quarter worth $392,000. 89.91% of the stock is currently owned by institutional investors.

EOG Resources Trading Down 1.7 %

Shares of EOG stock opened at $131.73 on Friday. 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 business has a 50-day moving average of $129.07 and a 200 day moving average of $127.31. The stock has a market capitalization of $74.09 billion, a PE ratio of 10.61, a P/E/G ratio of 3.68 and a beta of 1.29. EOG Resources, Inc. has a 1-year low of $108.94 and a 1-year high of $139.67.

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

EOG Resources declared that its board 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 stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

EOG Resources Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be issued a dividend of $0.975 per share. This represents a $3.90 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date is Friday, January 17th. This is an increase from EOG Resources’s previous quarterly dividend of $0.91. EOG Resources’s dividend payout ratio is currently 31.40%.

Insider Buying and Selling

In related news, COO Jeffrey R. Leitzell sold 4,000 shares of the stock in a transaction dated 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 transaction, the chief operating officer now directly owns 42,703 shares of the company’s stock, valued at $5,162,365.67. This represents a 8.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Janet F. Clark sold 568 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $135.33, for a total transaction of $76,867.44. Following the completion of the sale, the director now owns 43,532 shares of the company’s stock, valued at $5,891,185.56. This trade represents a 1.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on EOG shares. Wolfe Research raised EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 price objective on the stock in a report on Friday, January 3rd. StockNews.com raised shares of EOG Resources from a “hold” rating to a “buy” rating in a report on Wednesday. Citigroup boosted their price objective on shares of EOG Resources from $127.00 to $134.00 and gave the company a “neutral” rating in a research note on Tuesday, November 26th. Bank of America reissued a “neutral” rating and issued a $144.00 price target (down from $151.00) on shares of EOG Resources in a report on Monday, January 13th. Finally, Wells Fargo & Company raised shares of EOG Resources from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $147.00 to $150.00 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 issued a strong buy rating to the company. Based on data from MarketBeat, EOG Resources presently has an average rating of “Hold” and a consensus target price of $143.86.

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.