EOG Resources, Inc. (NYSE:EOG) Shares Sold by Souders Financial Advisors

Souders Financial Advisors lessened its position in shares of EOG Resources, Inc. (NYSE:EOG) by 26.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 5,601 shares of the energy exploration company’s stock after selling 2,034 shares during the quarter. Souders Financial Advisors’ holdings in EOG Resources were worth $687,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in EOG. Financial Life Planners bought a new position in EOG Resources in the fourth quarter worth about $25,000. Y.D. More Investments Ltd lifted its holdings in EOG Resources by 149.4% in the fourth quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company’s stock worth $25,000 after purchasing an additional 121 shares during the period. Mainstream Capital Management LLC bought a new position in shares of EOG Resources in the fourth quarter valued at approximately $25,000. Decker Retirement Planning Inc. acquired a new position in shares of EOG Resources during the 4th quarter valued at $27,000. Finally, Keystone Financial Group Inc. acquired a new stake in EOG Resources during the fourth quarter valued at approximately $27,000. 89.91% of the stock is currently owned by institutional investors.

Insider Buying and Selling at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the stock in a transaction dated Tuesday, December 31st. The stock was 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 approximately $5,162,365.67. This represents a 8.56 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.30% of the company’s stock.

Wall Street Analysts Forecast Growth

EOG has been the subject of a number of recent research reports. StockNews.com downgraded EOG Resources from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. Mizuho dropped their price target on EOG Resources from $156.00 to $148.00 and set an “outperform” rating on the stock in a research note on Monday, December 16th. Royal Bank of Canada raised shares of EOG Resources from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from $150.00 to $155.00 in a research note on Wednesday, February 12th. Wolfe Research raised shares of EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 target price on the stock in a research report on Friday, January 3rd. Finally, Raymond James upped their price target on shares of EOG Resources from $167.00 to $175.00 and gave the company a “strong-buy” rating in a research report on Thursday, January 23rd. Twelve research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, EOG Resources has a consensus rating of “Moderate Buy” and an average price target of $146.10.

EOG Resources Stock Up 1.4 %

Shares of EOG Resources stock opened at $122.21 on Wednesday. The stock has a 50-day simple moving average of $129.34 and a 200-day simple moving average of $127.80. EOG Resources, Inc. has a 52-week low of $115.40 and a 52-week high of $139.67. The firm has a market cap of $68.74 billion, a price-to-earnings ratio of 9.84, a P/E/G ratio of 3.58 and a beta of 1.27. 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 (NYSE:EOG) last posted its earnings results on Friday, February 28th. The energy exploration company reported $2.74 EPS for the quarter, topping the consensus estimate of $2.55 by $0.19. The company had revenue of $5.59 billion during the quarter, compared to the consensus estimate of $5.96 billion. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. On average, equities research analysts expect 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 stock repurchase plan on Thursday, November 7th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the energy exploration company to reacquire up to 7% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

EOG Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be given a dividend of $0.975 per share. This represents a $3.90 annualized dividend and a yield of 3.19%. The ex-dividend date of this dividend is Wednesday, April 16th. EOG Resources’s payout ratio is 34.73%.

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.