Miracle Mile Advisors LLC Buys 355 Shares of EOG Resources, Inc. (NYSE:EOG)

Miracle Mile Advisors LLC increased its stake in EOG Resources, Inc. (NYSE:EOG) by 4.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 9,018 shares of the energy exploration company’s stock after purchasing an additional 355 shares during the quarter. Miracle Mile Advisors LLC’s holdings in EOG Resources were worth $1,105,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Insight Inv LLC raised its holdings in EOG Resources by 0.8% in the 3rd quarter. Insight Inv LLC now owns 9,385 shares of the energy exploration company’s stock worth $1,154,000 after purchasing an additional 75 shares during the period. Cape ANN Savings Bank raised its holdings in EOG Resources by 0.9% in the 3rd quarter. Cape ANN Savings Bank now owns 8,679 shares of the energy exploration company’s stock worth $1,067,000 after purchasing an additional 79 shares during the period. Everpar Advisors LLC raised its holdings in EOG Resources by 3.6% in the 3rd quarter. Everpar Advisors LLC now owns 2,380 shares of the energy exploration company’s stock worth $293,000 after purchasing an additional 83 shares during the period. FSM Wealth Advisors LLC raised its holdings in EOG Resources by 5.5% in the 3rd quarter. FSM Wealth Advisors LLC now owns 1,702 shares of the energy exploration company’s stock worth $209,000 after purchasing an additional 88 shares during the period. Finally, Grove Bank & Trust raised its holdings in EOG Resources by 11.8% in the 3rd quarter. Grove Bank & Trust now owns 844 shares of the energy exploration company’s stock worth $104,000 after purchasing an additional 89 shares during the period. 89.91% of the stock is owned by institutional investors.

EOG Resources Trading Up 1.1 %

EOG opened at $135.91 on Wednesday. The firm has a market cap of $76.44 billion, a P/E ratio of 10.94, a P/E/G ratio of 3.37 and a beta of 1.29. EOG Resources, Inc. has a 12 month low of $108.94 and a 12 month high of $139.67. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. The stock has a 50-day moving average of $128.48 and a 200 day moving average of $126.84.

EOG Resources Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be given a dividend of $0.975 per share. This represents a $3.90 annualized dividend and a dividend yield of 2.87%. The ex-dividend date is Friday, January 17th. This is a positive change from EOG Resources’s previous quarterly dividend of $0.91. EOG Resources’s payout ratio is 31.40%.

EOG Resources announced that its Board of Directors has initiated a share repurchase plan on Thursday, November 7th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the energy exploration company to buy up to 7% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

EOG has been the topic of a number of recent research reports. KeyCorp decreased their target price on EOG Resources from $157.00 to $150.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. Royal Bank of Canada reissued a “sector perform” rating and set a $150.00 price target on shares of EOG Resources in a report on Monday, January 6th. Mizuho decreased their price target on EOG Resources from $156.00 to $148.00 and set an “outperform” rating on the stock in a report on Monday, December 16th. Scotiabank decreased their price target on EOG Resources from $150.00 to $140.00 and set a “sector perform” rating on the stock in a report on Thursday, October 10th. Finally, Raymond James raised their price target on EOG Resources from $156.00 to $167.00 and gave the company a “strong-buy” rating in a report on Thursday, November 21st. Thirteen equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $143.48.

Insider Buying and Selling at EOG Resources

In related news, Director Janet F. Clark sold 568 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $135.33, for a total value of $76,867.44. Following the completion of the sale, the director now owns 43,532 shares in the company, valued at approximately $5,891,185.56. The trade was a 1.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the business’s 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 sale, 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 disclosure for this sale can be found here. Company insiders own 0.30% of the company’s stock.

EOG Resources 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.