Tacita Capital Inc Trims Stock Position in EOG Resources, Inc. (NYSE:EOG)

Tacita Capital Inc lessened its position in shares of EOG Resources, Inc. (NYSE:EOG) by 31.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 440 shares of the energy exploration company’s stock after selling 202 shares during the quarter. Tacita Capital Inc’s holdings in EOG Resources were worth $54,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Financial Life Planners purchased a new stake in shares of EOG Resources during the 4th quarter valued at approximately $25,000. Y.D. More Investments Ltd raised its position in shares of EOG Resources by 149.4% during the 4th quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company’s stock valued at $25,000 after buying an additional 121 shares during the period. Decker Retirement Planning Inc. acquired a new stake in EOG Resources in the 4th quarter valued at approximately $27,000. Keystone Financial Group Inc. acquired a new stake in EOG Resources in the 4th quarter valued at approximately $27,000. Finally, Capital Performance Advisors LLP acquired a new stake in EOG Resources in the 3rd quarter valued at approximately $31,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Insider Activity at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $120.89, for a total transaction of $483,560.00. Following the transaction, the chief operating officer now owns 42,703 shares of the company’s stock, valued at $5,162,365.67. This trade represents a 8.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.30% of the company’s stock.

EOG Resources Trading Down 5.2 %

Shares of EOG opened at $120.28 on Tuesday. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. The firm’s 50-day moving average is $129.31 and its two-hundred day moving average is $127.85. EOG Resources, Inc. has a twelve month low of $115.40 and a twelve month high of $139.67. The firm has a market capitalization of $67.65 billion, a P/E ratio of 9.68, a PEG ratio of 3.58 and a beta of 1.27.

EOG Resources (NYSE:EOG) last issued its earnings results on Friday, February 28th. The energy exploration company reported $2.74 earnings per share for the quarter, topping the consensus estimate of $2.55 by $0.19. The company had revenue of $5.59 billion for the quarter, compared to analyst estimates of $5.96 billion. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. On average, research analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources declared that its Board of Directors has approved a share buyback plan on Thursday, November 7th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the energy exploration company to reacquire up to 7% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s management believes its stock is undervalued.

EOG Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be paid a dividend of $0.975 per share. This represents a $3.90 annualized dividend and a dividend yield of 3.24%. The ex-dividend date of this dividend is Wednesday, April 16th. EOG Resources’s payout ratio is 34.73%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Benchmark reiterated a “hold” rating on shares of EOG Resources in a report on Monday, January 13th. Morgan Stanley lowered their target price on shares of EOG Resources from $143.00 to $142.00 and set an “equal weight” rating for the company in a research note on Monday. Barclays reduced their price target on shares of EOG Resources from $148.00 to $146.00 and set an “equal weight” rating for the company in a research report on Friday. StockNews.com cut shares of EOG Resources from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. Finally, Wells Fargo & Company raised shares of EOG Resources from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $147.00 to $150.00 in a report on Tuesday, December 17th. Twelve investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $145.80.

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.