Bailard Inc. Buys 2,168 Shares of EOG Resources, Inc. (NYSE:EOG)

Bailard Inc. increased its holdings in EOG Resources, Inc. (NYSE:EOG - Free Report) by 10.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,106 shares of the energy exploration company's stock after acquiring an additional 2,168 shares during the quarter. Bailard Inc.'s holdings in EOG Resources were worth $2,710,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. Kohmann Bosshard Financial Services LLC bought a new position in shares of EOG Resources during the fourth quarter valued at $40,000. Smartleaf Asset Management LLC lifted its position in EOG Resources by 58.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,623 shares of the energy exploration company's stock valued at $437,000 after purchasing an additional 1,339 shares in the last quarter. Bridges Investment Management Inc. raised its stake in EOG Resources by 4.7% during the 4th quarter. Bridges Investment Management Inc. now owns 367,279 shares of the energy exploration company's stock worth $45,021,000 after acquiring an additional 16,407 shares during the period. Metis Global Partners LLC raised its position in shares of EOG Resources by 3.9% during the 4th quarter. Metis Global Partners LLC now owns 25,542 shares of the energy exploration company's stock valued at $3,131,000 after purchasing an additional 962 shares during the period. Finally, Fisher Asset Management LLC boosted its holdings in EOG Resources by 1.6% in the 4th quarter. Fisher Asset Management LLC now owns 1,220,575 shares of the energy exploration company's stock worth $149,618,000 after buying an additional 19,724 shares during the period. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at EOG Resources

In related news, 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 directly owns 42,703 shares in the company, valued at $5,162,365.67. This represents a 8.56 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.30% of the company's stock.

EOG Resources Price Performance

Shares of EOG traded down $6.66 during trading hours on Monday, reaching $120.28. The company had a trading volume of 7,431,360 shares, compared to its average volume of 3,039,013. EOG Resources, Inc. has a 12-month low of $115.40 and a 12-month high of $139.67. The company has a market capitalization of $67.65 billion, a price-to-earnings ratio of 9.68, a PEG ratio of 3.58 and a beta of 1.27. The firm has a 50 day simple moving average of $129.30 and a 200-day simple moving average of $127.90. 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 (NYSE:EOG - Get Free Report) last released its earnings results on Friday, February 28th. The energy exploration company reported $2.74 earnings per share (EPS) 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 the consensus estimate of $5.96 billion. Research analysts expect that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources declared that its board has initiated a share repurchase program on Thursday, November 7th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the energy exploration company to repurchase up to 7% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

EOG Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be paid a dividend of $0.975 per share. This represents a $3.90 annualized dividend and a dividend yield of 3.24%. The ex-dividend date is Wednesday, April 16th. EOG Resources's dividend payout ratio (DPR) is currently 31.40%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on EOG shares. Citigroup lifted their target price on EOG Resources from $127.00 to $134.00 and gave the stock a "neutral" rating in a report on Tuesday, November 26th. StockNews.com downgraded shares of EOG Resources from a "buy" rating to a "hold" rating in a research note on Friday, February 21st. Raymond James boosted their price objective on EOG Resources from $167.00 to $175.00 and gave the company a "strong-buy" rating in a report on Thursday, January 23rd. Benchmark reaffirmed a "hold" rating on shares of EOG Resources in a research report on Monday, January 13th. Finally, Bank of America reissued a "neutral" rating and set a $144.00 price target (down previously from $151.00) on shares of EOG Resources in a research report on Monday, January 13th. Twelve research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $145.80.

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.