Dynamic Advisor Solutions LLC Has $4.32 Million Stock Position in EOG Resources, Inc. (NYSE:EOG)

Dynamic Advisor Solutions LLC lessened its holdings in EOG Resources, Inc. (NYSE:EOG) by 5.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,221 shares of the energy exploration company’s stock after selling 2,033 shares during the period. Dynamic Advisor Solutions LLC’s holdings in EOG Resources were worth $4,317,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. apricus wealth LLC purchased a new position in shares of EOG Resources during the fourth quarter valued at approximately $209,000. Exchange Traded Concepts LLC lifted its stake in EOG Resources by 1.8% during the 4th quarter. Exchange Traded Concepts LLC now owns 6,907 shares of the energy exploration company’s stock valued at $847,000 after acquiring an additional 121 shares in the last quarter. CX Institutional boosted its holdings in EOG Resources by 4.4% during the 4th quarter. CX Institutional now owns 12,564 shares of the energy exploration company’s stock worth $1,540,000 after acquiring an additional 535 shares during the last quarter. Impact Partnership Wealth LLC grew its stake in shares of EOG Resources by 4.5% in the 4th quarter. Impact Partnership Wealth LLC now owns 11,618 shares of the energy exploration company’s stock worth $1,424,000 after acquiring an additional 504 shares in the last quarter. Finally, LexAurum Advisors LLC purchased a new stake in shares of EOG Resources in the fourth quarter valued at about $345,000. Institutional investors own 89.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on EOG. Wells Fargo & Company upgraded shares of EOG Resources from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $147.00 to $150.00 in a research note on Tuesday, December 17th. Barclays dropped their price target on EOG Resources from $144.00 to $137.00 and set an “equal weight” rating on the stock in a report on Thursday, October 3rd. Citigroup upped 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. Raymond James boosted their price target on shares of EOG Resources from $167.00 to $175.00 and gave the stock a “strong-buy” rating in a report on Thursday. Finally, Benchmark restated a “hold” rating on shares of EOG Resources in a research report on Monday, January 13th. Thirteen investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, EOG Resources presently has a consensus rating of “Hold” and a consensus price target of $143.86.

EOG Resources Stock Down 1.7 %

Shares of NYSE EOG opened at $131.73 on Friday. The business has a 50-day simple moving average of $129.01 and a two-hundred day simple moving average of $127.35. EOG Resources, Inc. has a 52 week low of $108.94 and a 52 week high of $139.67. The company has a market cap of $74.09 billion, a P/E ratio of 10.61, a P/E/G ratio of 3.68 and a beta of 1.29. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Thursday, November 7th. The energy exploration company reported $2.89 EPS for the quarter, beating the consensus estimate of $2.73 by $0.16. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The company had revenue of $5.97 billion during the quarter, compared to analysts’ expectations of $6.03 billion. During the same quarter in the previous year, the company earned $3.44 earnings per share. Research analysts anticipate that EOG Resources, Inc. will post 11.45 earnings per share for the current fiscal year.

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 paid a dividend of $0.975 per share. This is a positive change from EOG Resources’s previous quarterly dividend of $0.91. The ex-dividend date is Friday, January 17th. This represents a $3.90 annualized dividend and a yield of 2.96%. EOG Resources’s dividend payout ratio (DPR) is currently 31.40%.

EOG Resources declared that its board has approved a stock repurchase program on Thursday, November 7th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the energy exploration company to purchase up to 7% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Insider Buying and Selling

In other news, Director Janet F. Clark sold 568 shares of EOG Resources stock in a transaction on Tuesday, November 19th. The shares were 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 directly owns 43,532 shares of the company’s stock, valued at approximately $5,891,185.56. The trade was a 1.29 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the company’s stock in a transaction on 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 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 disclosure for this sale can be found here. 0.30% of the stock is owned by company insiders.

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.