Daymark Wealth Partners LLC Raises Stock Holdings in EOG Resources, Inc. (NYSE:EOG)

Daymark Wealth Partners LLC grew its holdings in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 23.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,835 shares of the energy exploration company's stock after buying an additional 2,598 shares during the quarter. Daymark Wealth Partners LLC's holdings in EOG Resources were worth $1,696,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Franklin Resources Inc. increased its holdings in shares of EOG Resources by 64.7% during the third quarter. Franklin Resources Inc. now owns 5,284,228 shares of the energy exploration company's stock valued at $694,717,000 after purchasing an additional 2,076,134 shares during the period. Fisher Asset Management LLC increased its stake in EOG Resources by 856.7% in the 3rd quarter. Fisher Asset Management LLC now owns 1,200,851 shares of the energy exploration company's stock worth $147,621,000 after purchasing an additional 1,075,334 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in EOG Resources in the 2nd quarter worth about $106,990,000. Assenagon Asset Management S.A. increased its stake in EOG Resources by 577.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 696,596 shares of the energy exploration company's stock worth $85,389,000 after purchasing an additional 593,823 shares in the last quarter. Finally, Legal & General Group Plc increased its stake in EOG Resources by 9.1% in the 2nd quarter. Legal & General Group Plc now owns 4,840,705 shares of the energy exploration company's stock worth $609,300,000 after purchasing an additional 403,676 shares in the last quarter. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

EOG has been the subject of a number of research reports. Bank of America restated a "neutral" rating and set a $144.00 price objective (down from $151.00) on shares of EOG Resources in a research report on Monday, January 13th. Mizuho lowered their price target on EOG Resources from $156.00 to $148.00 and set an "outperform" rating for the company in a research note on Monday, December 16th. Truist Financial boosted their price target on EOG Resources from $135.00 to $137.00 and gave the company a "hold" rating in a research note on Monday, January 13th. StockNews.com raised EOG Resources from a "hold" rating to a "buy" rating in a research note on Wednesday. Finally, Scotiabank lowered their price target on EOG Resources from $150.00 to $140.00 and set a "sector perform" rating for the company in a research note on Thursday, October 10th. Thirteen investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $143.86.

EOG Resources Stock Performance

Shares of NYSE EOG traded down $0.11 during midday trading on Thursday, hitting $133.91. 3,003,123 shares of the company's stock were exchanged, compared to its average volume of 3,303,316. 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, Inc. has a 12 month low of $108.94 and a 12 month high of $139.67. The company's 50 day moving average price is $129.09 and its 200 day moving average price is $127.27. The firm has a market capitalization of $75.32 billion, a PE ratio of 10.78, a price-to-earnings-growth ratio of 3.76 and a beta of 1.29.

EOG Resources (NYSE:EOG - Get Free Report) last released its quarterly earnings results on Thursday, November 7th. The energy exploration company reported $2.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.73 by $0.16. The business had revenue of $5.97 billion during the quarter, compared to the consensus estimate of $6.03 billion. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. During the same period in the previous year, the company posted $3.44 EPS. As a group, analysts predict that EOG Resources, Inc. will post 11.45 earnings per share for the current fiscal year.

EOG Resources Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be issued a $0.975 dividend. This represents a $3.90 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date is Friday, January 17th. This is a boost from EOG Resources's previous quarterly dividend of $0.91. EOG Resources's dividend payout ratio is presently 31.40%.

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

Insiders Place Their Bets

In other EOG Resources news, Director Janet F. Clark sold 568 shares of the company'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 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the company's stock in a transaction dated 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 in the company, valued at $5,162,365.67. This trade represents a 8.56 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.30% of the company's stock.

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.