Eads & Heald Wealth Management Purchases 1,855 Shares of EOG Resources, Inc. (NYSE:EOG)

Eads & Heald Wealth Management grew its position in EOG Resources, Inc. (NYSE:EOG - Free Report) by 29.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,119 shares of the energy exploration company's stock after acquiring an additional 1,855 shares during the quarter. Eads & Heald Wealth Management's holdings in EOG Resources were worth $995,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in EOG. Sei Investments Co. boosted its stake in EOG Resources by 0.4% in the second quarter. Sei Investments Co. now owns 301,099 shares of the energy exploration company's stock valued at $37,900,000 after acquiring an additional 1,120 shares during the period. Thrivent Financial for Lutherans lifted its holdings in shares of EOG Resources by 0.7% in the 2nd quarter. Thrivent Financial for Lutherans now owns 242,948 shares of the energy exploration company's stock worth $30,580,000 after purchasing an additional 1,787 shares during the last quarter. ProShare Advisors LLC boosted its position in EOG Resources by 7.6% during the 2nd quarter. ProShare Advisors LLC now owns 111,102 shares of the energy exploration company's stock valued at $13,984,000 after purchasing an additional 7,873 shares during the period. Frank Rimerman Advisors LLC increased its position in EOG Resources by 400.5% in the second quarter. Frank Rimerman Advisors LLC now owns 2,953 shares of the energy exploration company's stock worth $372,000 after buying an additional 2,363 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its stake in EOG Resources by 2.1% in the second quarter. EverSource Wealth Advisors LLC now owns 6,078 shares of the energy exploration company's stock valued at $771,000 after buying an additional 125 shares during the last quarter. 89.91% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the firm's stock in a transaction dated 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 sale, the chief operating officer now directly owns 42,703 shares of the company's stock, valued at $5,162,365.67. This trade represents a 8.56 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Janet F. Clark sold 568 shares of the business's stock in a transaction that occurred 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 completion of the sale, the director now directly owns 43,532 shares of the company's stock, valued at approximately $5,891,185.56. The trade was a 1.29 % decrease in their position. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Raymond James increased their price objective on shares of EOG Resources from $156.00 to $167.00 and gave the stock a "strong-buy" rating in a report on Thursday, November 21st. Piper Sandler dropped their price target on shares of EOG Resources from $149.00 to $140.00 and set a "neutral" rating on the stock in a research note on Tuesday, December 17th. Bank of America reiterated 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. Wells Fargo & Company upgraded EOG Resources from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $147.00 to $150.00 in a research report on Tuesday, December 17th. Finally, StockNews.com upgraded EOG Resources from a "hold" rating to a "buy" rating in a research report on Wednesday. Thirteen equities research 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.com, the stock currently has an average rating of "Hold" and an average target price of $143.48.

EOG Resources Stock Down 1.4 %

Shares of EOG traded down $1.97 during mid-day trading on Wednesday, reaching $134.07. The company's stock had a trading volume of 3,376,452 shares, compared to its average volume of 3,325,899. EOG Resources, Inc. has a 1 year low of $108.94 and a 1 year high of $139.67. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. The company has a market cap of $75.41 billion, a price-to-earnings ratio of 10.79, a price-to-earnings-growth ratio of 3.77 and a beta of 1.29. The business has a fifty day moving average of $129.10 and a 200 day moving average of $127.22.

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

EOG Resources announced that its board has authorized a stock buyback program on Thursday, November 7th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the energy exploration company to purchase up to 7% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board believes its shares are undervalued.

EOG Resources Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be issued a dividend of $0.975 per share. This is a boost from EOG Resources's previous quarterly dividend of $0.91. This represents a $3.90 annualized dividend and a dividend yield of 2.91%. The ex-dividend date of this dividend is Friday, January 17th. EOG Resources's payout ratio is currently 31.40%.

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.