Teamwork Financial Advisors LLC Has $866,000 Stock Position in EOG Resources, Inc. (NYSE:EOG)

Teamwork Financial Advisors LLC trimmed its stake in EOG Resources, Inc. (NYSE:EOG - Free Report) by 24.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,064 shares of the energy exploration company's stock after selling 2,252 shares during the quarter. Teamwork Financial Advisors LLC's holdings in EOG Resources were worth $866,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of EOG. Charles Schwab Investment Management Inc. boosted its holdings in EOG Resources by 0.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 17,411,032 shares of the energy exploration company's stock worth $2,140,338,000 after purchasing an additional 75,194 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of EOG Resources by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 12,315,735 shares of the energy exploration company's stock worth $1,513,446,000 after acquiring an additional 180,755 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of EOG Resources by 2.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 12,311,541 shares of the energy exploration company's stock worth $1,549,098,000 after acquiring an additional 260,727 shares in the last quarter. Franklin Resources Inc. boosted its position in 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 worth $694,717,000 after purchasing an additional 2,076,134 shares during the period. Finally, Legal & General Group Plc boosted its position in EOG Resources by 9.1% during the second 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 during the period. 89.91% of the stock is owned by institutional investors and hedge funds.

EOG Resources Trading Down 0.1 %

NYSE:EOG traded down $0.11 during trading hours on Thursday, hitting $133.91. The stock had a trading volume of 1,839,951 shares, compared to its average volume of 3,210,844. EOG Resources, Inc. has a one year low of $108.94 and a one year high of $139.67. 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 company has a market cap of $75.32 billion, a price-to-earnings ratio of 10.74, a P/E/G ratio of 3.76 and a beta of 1.29. The business's 50 day moving average is $129.09 and its 200-day moving average is $127.27.

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

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

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 dividend of $0.975 per share. This represents a $3.90 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date of this dividend 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 31.40%.

Insiders Place Their Bets

In other news, Director Janet F. Clark sold 568 shares of the firm'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 completion of 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the firm's stock in a transaction 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 transaction, the chief operating officer now directly owns 42,703 shares of the company's stock, valued at $5,162,365.67. This represents a 8.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.30% of the company's stock.

Wall Street Analyst Weigh In

EOG has been the subject of several recent analyst reports. Benchmark reaffirmed a "hold" rating on shares of EOG Resources in a report on Monday, January 13th. Barclays decreased their price target on shares of EOG Resources from $144.00 to $137.00 and set an "equal weight" rating for the company in a report on Thursday, October 3rd. Wolfe Research upgraded shares of EOG Resources from a "peer perform" rating to an "outperform" rating and set a $143.00 price target for the company in a report on Friday, January 3rd. Scotiabank decreased their target price 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. Finally, KeyCorp decreased their target price on EOG Resources from $157.00 to $150.00 and set an "overweight" rating for the company in a research note on Wednesday, October 16th. Thirteen equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $143.86.

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.