Patron Partners LLC Has $302,000 Stake in EOG Resources, Inc. (NYSE:EOG)

Patron Partners LLC increased its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 10.7% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 2,461 shares of the energy exploration company’s stock after purchasing an additional 238 shares during the period. Patron Partners LLC’s holdings in EOG Resources were worth $302,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Financial Life Planners bought a new position in shares of EOG Resources in the 4th quarter valued at $25,000. Northwest Investment Counselors LLC acquired a new stake in EOG Resources in the third quarter valued at $26,000. Decker Retirement Planning Inc. bought a new position in shares of EOG Resources during the fourth quarter worth about $27,000. Eastern Bank acquired a new stake in EOG Resources during the 3rd quarter valued at approximately $28,000. Finally, Capital Performance Advisors LLP bought a new position in EOG Resources during the 3rd quarter worth approximately $31,000. 89.91% of the stock is owned by institutional investors.

Insider Buying and Selling

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the business’s stock in a transaction 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 completion of the transaction, the chief operating officer now owns 42,703 shares of the company’s stock, valued at $5,162,365.67. The trade was a 8.56 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Janet F. Clark sold 568 shares of the business’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $135.33, for a total value of $76,867.44. Following the transaction, the director now directly owns 43,532 shares of the company’s stock, valued at $5,891,185.56. This represents a 1.29 % decrease in their position. The disclosure for this sale can be found here. 0.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have issued reports on EOG shares. Scotiabank dropped their price target on EOG Resources from $150.00 to $140.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 10th. Truist Financial increased their price objective on shares of EOG Resources from $135.00 to $137.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. Benchmark reaffirmed a “hold” rating on shares of EOG Resources in a research note on Monday, January 13th. KeyCorp decreased their price objective on EOG Resources from $157.00 to $150.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. 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 equities research 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 stock. According to MarketBeat.com, EOG Resources presently has an average rating of “Hold” and an average price target of $143.90.

EOG Resources Price Performance

Shares of EOG stock opened at $126.41 on Tuesday. The firm has a market cap of $71.10 billion, a P/E ratio of 10.18, a P/E/G ratio of 3.33 and a beta of 1.27. The firm has a fifty day moving average of $128.37 and a two-hundred day moving average of $127.33. 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, Inc. has a 1-year low of $108.94 and a 1-year high of $139.67.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Thursday, November 7th. The energy exploration company reported $2.89 EPS for the quarter, topping analysts’ consensus estimates of $2.73 by $0.16. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The firm had revenue of $5.97 billion during the quarter, compared to the consensus estimate of $6.03 billion. During the same quarter in the previous year, the company posted $3.44 earnings per share. As a group, research analysts anticipate that EOG Resources, Inc. will post 11.46 earnings per share for the current fiscal year.

EOG Resources announced that its board has authorized a share 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 purchase up to 7% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

EOG Resources Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 17th were paid a $0.975 dividend. This is a boost from EOG Resources’s previous quarterly dividend of $0.91. The ex-dividend date was Friday, January 17th. This represents a $3.90 annualized dividend and a dividend yield of 3.09%. EOG Resources’s dividend payout ratio is presently 31.40%.

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.