Cooper Financial Group Has $794,000 Stake in EOG Resources, Inc. (NYSE:EOG)

Cooper Financial Group reduced its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 1.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,476 shares of the energy exploration company’s stock after selling 97 shares during the period. Cooper Financial Group’s holdings in EOG Resources were worth $794,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Wedmont Private Capital grew its stake in EOG Resources by 13.4% during the fourth quarter. Wedmont Private Capital now owns 7,811 shares of the energy exploration company’s stock worth $1,026,000 after purchasing an additional 924 shares during the period. Brookstone Capital Management grew its position in shares of EOG Resources by 105.5% during the 4th quarter. Brookstone Capital Management now owns 3,623 shares of the energy exploration company’s stock worth $444,000 after buying an additional 1,860 shares during the period. Fiduciary Alliance LLC bought a new stake in shares of EOG Resources in the 4th quarter valued at $699,000. Matrix Trust Co lifted its position in shares of EOG Resources by 700.6% during the 4th quarter. Matrix Trust Co now owns 2,778 shares of the energy exploration company’s stock valued at $341,000 after acquiring an additional 2,431 shares during the period. Finally, Czech National Bank boosted its stake in EOG Resources by 5.3% during the fourth quarter. Czech National Bank now owns 121,951 shares of the energy exploration company’s stock worth $14,949,000 after acquiring an additional 6,103 shares in the last quarter. 89.91% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on EOG. Royal Bank of Canada reiterated a “sector perform” rating and set a $150.00 price objective on shares of EOG Resources in a report on Monday, January 6th. Raymond James increased their price target on EOG Resources from $156.00 to $167.00 and gave the stock a “strong-buy” rating in a report on Thursday, November 21st. Morgan Stanley decreased their price objective on EOG Resources from $134.00 to $132.00 and set an “equal weight” rating for the company in a report on Monday, September 16th. Bank of America reaffirmed a “neutral” rating and set a $144.00 target price (down from $151.00) on shares of EOG Resources in a research report on Monday. Finally, Mizuho decreased their price target on shares of EOG Resources from $156.00 to $148.00 and set an “outperform” rating for the company in a research note on Monday, December 16th. 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. According to MarketBeat.com, EOG Resources has a consensus rating of “Hold” and a consensus target price of $143.48.

Insider Activity at EOG Resources

In related 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 transaction of $76,867.44. Following the sale, the director now directly owns 43,532 shares in the company, valued at approximately $5,891,185.56. The trade was a 1.29 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 completion of the sale, the chief operating officer now directly owns 42,703 shares in the company, valued at approximately $5,162,365.67. The trade was a 8.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.30% of the stock is owned by company insiders.

EOG Resources Stock Performance

Shares of EOG opened at $134.51 on Tuesday. EOG Resources, Inc. has a 1 year low of $108.94 and a 1 year high of $139.67. 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 stock’s fifty day moving average price is $128.21 and its two-hundred day moving average price is $126.77. The firm has a market cap of $75.66 billion, a PE ratio of 10.83, a PEG ratio of 3.37 and a beta of 1.29.

EOG Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be issued a $0.975 dividend. The ex-dividend date of this dividend is Friday, January 17th. This is an increase from EOG Resources’s previous quarterly dividend of $0.91. This represents a $3.90 annualized dividend and a yield of 2.90%. EOG Resources’s dividend payout ratio (DPR) is 31.40%.

EOG Resources announced that its Board of Directors has initiated a share buyback program 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 buy up to 7% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its stock is undervalued.

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.