Brady Martz Wealth Solutions LLC Takes Position in EOG Resources, Inc. (NYSE:EOG)

Brady Martz Wealth Solutions LLC acquired a new position in EOG Resources, Inc. (NYSE:EOG - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 8,968 shares of the energy exploration company's stock, valued at approximately $1,218,000.

Several other institutional investors and hedge funds have also bought and sold shares of EOG. My Legacy Advisors LLC boosted its holdings in EOG Resources by 5.7% in the fourth quarter. My Legacy Advisors LLC now owns 6,428 shares of the energy exploration company's stock valued at $788,000 after acquiring an additional 344 shares in the last quarter. Romano Brothers AND Company lifted its position in shares of EOG Resources by 5.1% in the 4th quarter. Romano Brothers AND Company now owns 14,450 shares of the energy exploration company's stock worth $1,771,000 after purchasing an additional 700 shares during the period. Clarius Group LLC boosted its stake in shares of EOG Resources by 4.7% during the 4th quarter. Clarius Group LLC now owns 5,846 shares of the energy exploration company's stock valued at $717,000 after purchasing an additional 260 shares in the last quarter. Oak Ridge Investments LLC increased its position in shares of EOG Resources by 5.9% during the fourth quarter. Oak Ridge Investments LLC now owns 41,274 shares of the energy exploration company's stock valued at $5,059,000 after buying an additional 2,311 shares during the period. Finally, J2 Capital Management Inc bought a new position in EOG Resources in the fourth quarter worth about $396,000. Hedge funds and other institutional investors own 89.91% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Barclays cut their price objective on EOG Resources from $144.00 to $137.00 and set an "equal weight" rating on the stock in a research report on Thursday, October 3rd. Citigroup upped their price target on EOG Resources from $127.00 to $134.00 and gave the stock a "neutral" rating in a research note on Tuesday, November 26th. Wells Fargo & Company raised EOG Resources from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $147.00 to $150.00 in a research report on Tuesday, December 17th. StockNews.com raised shares of EOG Resources from a "hold" rating to a "buy" rating in a research report on Saturday, January 11th. Finally, Benchmark reissued a "hold" rating on shares of EOG Resources in a research report on Monday, January 13th. Thirteen 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 company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $143.48.

EOG Resources Stock Performance

Shares of NYSE EOG traded down $1.35 during trading on Monday, reaching $136.70. 2,837,860 shares of the company traded hands, compared to its average volume of 2,785,113. The firm has a 50 day simple moving average of $128.96 and a 200-day simple moving average of $127.07. EOG Resources, Inc. has a 52-week low of $108.94 and a 52-week high of $139.67. The stock has a market capitalization of $76.89 billion, a PE ratio of 11.01, a P/E/G ratio of 3.63 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 Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be issued a $0.975 dividend. The ex-dividend date of this dividend is Friday, January 17th. This represents a $3.90 annualized dividend and a yield of 2.85%. This is a boost from EOG Resources's previous quarterly dividend of $0.91. EOG Resources's dividend payout ratio (DPR) is currently 31.40%.

EOG Resources declared that its board has authorized a share buyback 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 generally an indication that the company's leadership believes its shares are undervalued.

Insider Buying and Selling at EOG Resources

In related news, 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 transaction of $483,560.00. Following the completion of the sale, the chief operating officer now directly owns 42,703 shares in the company, valued at approximately $5,162,365.67. The trade was a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 value of $76,867.44. Following the transaction, the director now owns 43,532 shares in the company, valued at $5,891,185.56. This trade represents a 1.29 % decrease in their ownership of the stock. 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.