Fort Sheridan Advisors LLC Invests $310,000 in EOG Resources, Inc. (NYSE:EOG)

Fort Sheridan Advisors LLC acquired a new position in EOG Resources, Inc. (NYSE:EOG - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,532 shares of the energy exploration company's stock, valued at approximately $310,000.

A number of other hedge funds also recently added to or reduced their stakes in the company. Financial Life Planners purchased a new stake in EOG Resources during the 4th quarter valued at $25,000. Y.D. More Investments Ltd raised its stake in EOG Resources by 149.4% during the 4th quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company's stock valued at $25,000 after buying an additional 121 shares during the last quarter. Decker Retirement Planning Inc. purchased a new stake in EOG Resources during the 4th quarter valued at $27,000. Keystone Financial Group Inc. purchased a new stake in EOG Resources during the 4th quarter valued at $27,000. Finally, Capital Performance Advisors LLP purchased a new stake in EOG Resources during the 3rd quarter valued at $31,000. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on EOG shares. Citigroup upped their price objective on EOG Resources from $127.00 to $134.00 and gave the stock a "neutral" rating in a research note on Tuesday, November 26th. Mizuho reduced their price objective 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. Raymond James increased their price target on EOG Resources from $167.00 to $175.00 and gave the stock a "strong-buy" rating in a research note on Thursday, January 23rd. Bank of America reiterated a "neutral" rating and issued a $144.00 price target (down previously from $151.00) on shares of EOG Resources in a research note on Monday, January 13th. Finally, Benchmark reiterated a "hold" rating on shares of EOG Resources in a research note on Monday, January 13th. Twelve 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 stock. According to MarketBeat.com, EOG Resources currently has an average rating of "Moderate Buy" and a consensus price target of $145.80.

Insiders Place Their Bets

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the firm'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 of the company's stock, valued at $5,162,365.67. This trade represents a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.30% of the stock is owned by insiders.

EOG Resources Trading Down 5.2 %

Shares of NYSE:EOG traded down $6.66 during trading on Monday, reaching $120.28. The company's stock had a trading volume of 7,431,360 shares, compared to its average volume of 3,039,013. 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, Inc. has a 12 month low of $115.40 and a 12 month high of $139.67. The firm's 50 day simple moving average is $129.31 and its two-hundred day simple moving average is $127.85. The stock has a market capitalization of $67.65 billion, a PE ratio of 9.68, a price-to-earnings-growth ratio of 3.58 and a beta of 1.27.

EOG Resources (NYSE:EOG - Get Free Report) last announced its quarterly earnings results on Friday, February 28th. The energy exploration company reported $2.74 EPS for the quarter, beating analysts' consensus estimates of $2.55 by $0.19. The firm had revenue of $5.59 billion during the quarter, compared to the consensus estimate of $5.96 billion. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. On average, research analysts predict that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be paid a $0.975 dividend. This represents a $3.90 annualized dividend and a yield of 3.24%. The ex-dividend date is Wednesday, April 16th. EOG Resources's payout ratio is currently 31.40%.

EOG Resources declared that its Board of Directors has approved a share buyback program 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 repurchase up to 7% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's board believes its stock is undervalued.

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.