EOG Resources, Inc. (NYSE:EOG) Shares Acquired by Seizert Capital Partners LLC

Seizert Capital Partners LLC raised its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 6.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,791 shares of the energy exploration company’s stock after purchasing an additional 1,407 shares during the quarter. Seizert Capital Partners LLC’s holdings in EOG Resources were worth $2,671,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Financial Life Planners acquired a new stake in shares of EOG Resources in the fourth quarter worth $25,000. Y.D. More Investments Ltd increased its stake in shares of 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 acquiring an additional 121 shares during the period. Mainstream Capital Management LLC acquired a new stake in shares of EOG Resources in the fourth quarter worth $25,000. Decker Retirement Planning Inc. acquired a new stake in shares of EOG Resources in the fourth quarter worth $27,000. Finally, Keystone Financial Group Inc. acquired a new stake in shares of EOG Resources in the fourth quarter worth $27,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

Analysts Set New Price Targets

EOG has been the topic of a number of research reports. Raymond James increased their price objective on shares of EOG Resources from $167.00 to $175.00 and gave the stock a “strong-buy” rating in a research note on Thursday, January 23rd. Mizuho lowered their price target on shares of EOG Resources from $156.00 to $148.00 and set an “outperform” rating on the stock in a report on Monday, December 16th. Wells Fargo & Company raised shares of EOG Resources from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $147.00 to $150.00 in a report on Tuesday, December 17th. StockNews.com downgraded shares of EOG Resources from a “buy” rating to a “hold” rating in a report on Friday, February 21st. Finally, Barclays lowered their price target on shares of EOG Resources from $148.00 to $146.00 and set an “equal weight” rating on the stock in a report on Friday, February 28th. Twelve investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, EOG Resources presently has a consensus rating of “Moderate Buy” and an average price target of $146.10.

EOG Resources Price Performance

Shares of EOG opened at $122.21 on Wednesday. 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 has a market cap of $68.74 billion, a PE ratio of 9.84, a P/E/G ratio of 3.58 and a beta of 1.27. The firm has a 50-day simple moving average of $129.34 and a two-hundred day simple moving average of $127.80. EOG Resources, Inc. has a 1-year low of $115.40 and a 1-year high of $139.67.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Friday, February 28th. The energy exploration company reported $2.74 earnings per share for the quarter, beating analysts’ consensus estimates of $2.55 by $0.19. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The firm had revenue of $5.59 billion during the quarter, compared to analysts’ expectations of $5.96 billion. As a group, analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be paid a $0.975 dividend. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $3.90 dividend on an annualized basis and a yield of 3.19%. EOG Resources’s dividend payout ratio is currently 34.73%.

EOG Resources announced that its Board of Directors has authorized a stock repurchase program on Thursday, November 7th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the energy exploration company to buy up to 7% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Insider Buying and Selling

In related news, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources 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 completion of the transaction, the chief operating officer now owns 42,703 shares in the company, valued at $5,162,365.67. The trade was a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.30% of the stock is owned by 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.