Oak Ridge Investments LLC Grows Position in EOG Resources, Inc. (NYSE:EOG)

Oak Ridge Investments LLC increased its stake in EOG Resources, Inc. (NYSE:EOG - Free Report) by 5.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,274 shares of the energy exploration company's stock after acquiring an additional 2,311 shares during the quarter. Oak Ridge Investments LLC's holdings in EOG Resources were worth $5,059,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. DRW Securities LLC raised its holdings in shares of EOG Resources by 98.6% during the third quarter. DRW Securities LLC now owns 26,838 shares of the energy exploration company's stock valued at $3,299,000 after purchasing an additional 13,324 shares during the period. Caprock Group LLC increased its position in EOG Resources by 7.7% in the 3rd quarter. Caprock Group LLC now owns 12,112 shares of the energy exploration company's stock valued at $1,489,000 after buying an additional 862 shares in the last quarter. World Investment Advisors LLC acquired a new position in EOG Resources during the 3rd quarter worth approximately $730,000. University of Texas Texas AM Investment Management Co. boosted its holdings in EOG Resources by 3,976.8% in the second quarter. University of Texas Texas AM Investment Management Co. now owns 10,885 shares of the energy exploration company's stock worth $1,370,000 after acquiring an additional 10,618 shares in the last quarter. Finally, KBC Group NV grew its stake in EOG Resources by 11.4% in the third quarter. KBC Group NV now owns 119,132 shares of the energy exploration company's stock valued at $14,645,000 after acquiring an additional 12,210 shares during the period. Institutional investors and hedge funds own 89.91% of the company's stock.

Insider Buying and Selling

In related news, Director Janet F. Clark sold 568 shares of EOG Resources 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 transaction, the director now directly 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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $120.89, for a total value of $483,560.00. Following the sale, the chief operating officer now owns 42,703 shares in the company, valued at approximately $5,162,365.67. This represents a 8.56 % decrease in their position. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on EOG. Barclays cut their target price on EOG Resources from $144.00 to $137.00 and set an "equal weight" rating on the stock in a report on Thursday, October 3rd. StockNews.com raised shares of EOG Resources from a "hold" rating to a "buy" rating in a research note on Saturday, January 11th. Evercore ISI decreased their target price on shares of EOG Resources from $150.00 to $145.00 and set an "outperform" rating for the company in a research report on Monday, September 30th. KeyCorp dropped their price target on shares of EOG Resources from $157.00 to $150.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 16th. Finally, Wolfe Research raised EOG Resources from a "peer perform" rating to an "outperform" rating and set a $143.00 price objective for the company in a report on Friday, January 3rd. Thirteen equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $143.48.

EOG Resources Stock Performance

NYSE EOG traded down $1.35 on Friday, hitting $136.70. 2,837,860 shares of the stock traded hands, compared to its average volume of 2,785,113. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. The business's fifty day moving average is $128.96 and its two-hundred day moving average is $127.07. EOG Resources, Inc. has a 12 month low of $108.94 and a 12 month high of $139.67. The firm has a market capitalization of $76.89 billion, a price-to-earnings ratio of 11.01, a PEG ratio of 3.63 and a beta of 1.29.

EOG Resources announced that its Board of Directors has authorized a stock 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 stock through open market purchases. Stock buyback plans are typically an indication that the company's leadership believes its stock is undervalued.

EOG Resources Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be paid a dividend of $0.975 per share. This is an increase from EOG Resources's previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Friday, January 17th. This represents a $3.90 annualized dividend and a dividend yield of 2.85%. EOG Resources's dividend payout ratio is presently 29.31%.

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.