Mount Yale Investment Advisors LLC Buys 140 Shares of EOG Resources, Inc. (NYSE:EOG)

Mount Yale Investment Advisors LLC grew its stake in EOG Resources, Inc. (NYSE:EOG) by 2.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 5,834 shares of the energy exploration company’s stock after buying an additional 140 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in EOG Resources were worth $715,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in EOG. Northwest Investment Counselors LLC purchased a new position in EOG Resources in the third quarter worth $26,000. Decker Retirement Planning Inc. bought a new stake in EOG Resources during the fourth quarter worth about $27,000. Eastern Bank purchased a new position in shares of EOG Resources in the 3rd quarter worth about $28,000. Capital Performance Advisors LLP bought a new position in shares of EOG Resources during the 3rd quarter valued at about $31,000. Finally, HM Payson & Co. raised its holdings in shares of EOG Resources by 203.7% during the 3rd quarter. HM Payson & Co. now owns 328 shares of the energy exploration company’s stock valued at $40,000 after buying an additional 220 shares in the last quarter. Institutional investors own 89.91% of the company’s stock.

Insider Buying and Selling

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 value of $483,560.00. Following the sale, the chief operating officer now directly 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 legal filing with the SEC, which is accessible through this link. Also, Director Janet F. Clark sold 568 shares of EOG Resources stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $135.33, for a total value of $76,867.44. Following the completion of the transaction, the director now directly owns 43,532 shares of the company’s stock, valued at approximately $5,891,185.56. This represents a 1.29 % decrease in their position. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Benchmark reiterated a “hold” rating on shares of EOG Resources in a research report on Monday, January 13th. Bank of America reiterated a “neutral” rating and issued a $144.00 target price (down previously from $151.00) on shares of EOG Resources in a research report on Monday, January 13th. StockNews.com upgraded shares of EOG Resources from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. KeyCorp lowered their target price on EOG Resources from $157.00 to $150.00 and set an “overweight” rating for the company in a research note on Wednesday, October 16th. Finally, Citigroup raised their price target on EOG Resources from $127.00 to $134.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 26th. Thirteen investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $143.86.

EOG Resources Price Performance

Shares of EOG stock opened at $130.38 on Wednesday. The business’s fifty day moving average is $128.91 and its 200 day moving average is $127.40. 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 market cap of $73.33 billion, a price-to-earnings ratio of 10.50, a PEG ratio of 3.68 and a beta of 1.29. EOG Resources, Inc. has a twelve month low of $108.94 and a twelve month high of $139.67.

EOG Resources (NYSE:EOG) last released its 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. 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 for the quarter, compared to the consensus estimate of $6.03 billion. During the same period in the prior year, the firm earned $3.44 EPS. Research 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 authorized a stock buyback plan on Thursday, November 7th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the energy exploration company to reacquire up to 7% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s leadership believes its shares are undervalued.

EOG Resources Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be given a $0.975 dividend. 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 2.99%. The ex-dividend date of this dividend is Friday, January 17th. EOG Resources’s payout ratio is currently 31.40%.

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.