Fulcrum Capital LLC Has $5.49 Million Position in EOG Resources, Inc. (NYSE:EOG)

Fulcrum Capital LLC grew its position in shares of EOG Resources, Inc. (NYSE:EOG) by 1.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 44,777 shares of the energy exploration company’s stock after acquiring an additional 837 shares during the quarter. Fulcrum Capital LLC’s holdings in EOG Resources were worth $5,489,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Wedmont Private Capital raised its stake in shares of EOG Resources by 13.4% during the 4th 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 raised its stake 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 purchasing an additional 1,860 shares during the period. Fiduciary Alliance LLC bought a new stake in shares of EOG Resources during the 4th quarter worth $699,000. Matrix Trust Co raised its stake in EOG Resources by 700.6% in 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 raised its stake in EOG Resources by 5.3% in the 4th quarter. Czech National Bank now owns 121,951 shares of the energy exploration company’s stock valued at $14,949,000 after acquiring an additional 6,103 shares during the period. 89.91% of the stock is owned by hedge funds and other institutional investors.

EOG Resources Price Performance

Shares of NYSE EOG traded up $3.46 during midday trading on Monday, hitting $134.87. 3,622,504 shares of the company’s stock were exchanged, compared to its average volume of 3,241,264. The company has a market cap of $75.86 billion, a price-to-earnings ratio of 10.86, a PEG ratio of 3.37 and a beta of 1.29. The business’s fifty day moving average price is $127.97 and its two-hundred day moving average price is $126.70. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. EOG Resources, Inc. has a 12-month low of $108.94 and a 12-month high of $139.67.

EOG Resources Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be paid a $0.975 dividend. The ex-dividend date of this dividend is Friday, January 17th. This represents a $3.90 annualized dividend and a yield of 2.89%. This is a positive change from EOG Resources’s previous quarterly dividend of $0.91. EOG Resources’s dividend payout ratio is currently 31.40%.

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

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Wolfe Research upgraded EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 price objective on the stock in a research note on Friday, January 3rd. Piper Sandler lowered their price objective on EOG Resources from $149.00 to $140.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 17th. Citigroup boosted their price objective on EOG Resources from $127.00 to $134.00 and gave the company a “neutral” rating in a research note on Tuesday, November 26th. Morgan Stanley lowered their price objective on EOG Resources from $134.00 to $132.00 and set an “equal weight” rating on the stock in a research note on Monday, September 16th. Finally, Barclays lowered their price objective on EOG Resources from $144.00 to $137.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 3rd. Thirteen analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $143.48.

Insiders Place Their Bets

In other news, Director Janet F. Clark sold 568 shares of the stock in a transaction that occurred 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 completion of the sale, the director now owns 43,532 shares of the company’s stock, valued at approximately $5,891,185.56. This represents a 1.29 % decrease in their ownership of the stock. 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 that occurred on Tuesday, December 31st. The shares were 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 trade represents a 8.56 % decrease in their position. The disclosure for this sale can be found here. 0.30% of the stock is owned by insiders.

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.