EOG Resources, Inc. (NYSE:EOG) Position Reduced by Fenimore Asset Management Inc

Fenimore Asset Management Inc trimmed its holdings in EOG Resources, Inc. (NYSE:EOG - Free Report) by 1.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 366,463 shares of the energy exploration company's stock after selling 7,235 shares during the period. Fenimore Asset Management Inc owned 0.07% of EOG Resources worth $44,921,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in EOG. Northwest Investment Counselors LLC purchased a new position in shares of EOG Resources during the 3rd quarter worth approximately $26,000. Decker Retirement Planning Inc. purchased a new position in EOG Resources during the fourth quarter worth $27,000. Eastern Bank acquired a new position in shares of EOG Resources in the third quarter worth $28,000. Capital Performance Advisors LLP purchased a new stake in shares of EOG Resources in the third quarter valued at $31,000. Finally, HM Payson & Co. boosted its stake in shares of EOG Resources by 203.7% during the third quarter. HM Payson & Co. now owns 328 shares of the energy exploration company's stock valued at $40,000 after acquiring an additional 220 shares during the last quarter. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

EOG Resources Stock Down 1.7 %

NYSE EOG traded down $2.25 during trading hours on Friday, reaching $131.73. 3,178,794 shares of the company traded hands, compared to its average volume of 2,694,795. The company has a 50 day moving average of $129.01 and a two-hundred day moving average of $127.35. The stock has a market capitalization of $74.09 billion, a PE ratio of 10.61, a PEG ratio of 3.68 and a beta of 1.29. EOG Resources, Inc. has a 12 month low of $108.94 and a 12 month high of $139.67. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13.

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

EOG Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be paid a dividend of $0.975 per share. 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. This represents a $3.90 annualized dividend and a yield of 2.96%. EOG Resources's dividend payout ratio (DPR) is 31.40%.

EOG Resources announced that its Board of Directors has authorized a stock buyback plan 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 purchase up to 7% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Wolfe Research upgraded shares of EOG Resources from a "peer perform" rating to an "outperform" rating and set a $143.00 target price on the stock in a report on Friday, January 3rd. Truist Financial raised their target price on shares of EOG Resources from $135.00 to $137.00 and gave the stock a "hold" rating in a research report on Monday, January 13th. Mizuho cut their price target on EOG Resources from $156.00 to $148.00 and set an "outperform" rating for the company in a report on Monday, December 16th. StockNews.com upgraded EOG Resources from a "hold" rating to a "buy" rating in a report on Wednesday. Finally, Barclays dropped their target price on EOG Resources from $144.00 to $137.00 and set an "equal weight" rating for the company in a research note on Thursday, October 3rd. Thirteen 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. Based on data from MarketBeat.com, EOG Resources has a consensus rating of "Hold" and a consensus price target of $143.86.

Insiders Place Their Bets

In related news, COO Jeffrey R. Leitzell sold 4,000 shares of the company's stock in a transaction on 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 transaction, the chief operating officer now directly owns 42,703 shares in the company, valued at $5,162,365.67. This represents a 8.56 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Janet F. Clark sold 568 shares of the firm's 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 completion of the sale, the director now owns 43,532 shares in the company, valued at $5,891,185.56. The trade was a 1.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by corporate insiders.

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.