Galvin Gaustad & Stein LLC Increases Stake in EOG Resources, Inc. (NYSE:EOG)

Galvin Gaustad & Stein LLC lifted its position in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 6.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 145,262 shares of the energy exploration company's stock after purchasing an additional 8,945 shares during the period. EOG Resources comprises 1.6% of Galvin Gaustad & Stein LLC's investment portfolio, making the stock its 24th largest holding. Galvin Gaustad & Stein LLC's holdings in EOG Resources were worth $17,806,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in EOG. Inspire Investing LLC increased its holdings in EOG Resources by 5.5% in the fourth quarter. Inspire Investing LLC now owns 10,443 shares of the energy exploration company's stock worth $1,280,000 after purchasing an additional 548 shares in the last quarter. Wesbanco Bank Inc. increased its stake in shares of EOG Resources by 59.3% in the 4th quarter. Wesbanco Bank Inc. now owns 103,795 shares of the energy exploration company's stock valued at $12,723,000 after acquiring an additional 38,642 shares in the last quarter. Phillips Wealth Planners LLC lifted its position in shares of EOG Resources by 12.6% during the 4th quarter. Phillips Wealth Planners LLC now owns 2,505 shares of the energy exploration company's stock valued at $329,000 after acquiring an additional 280 shares during the period. Daymark Wealth Partners LLC grew its holdings in EOG Resources by 23.1% in the fourth quarter. Daymark Wealth Partners LLC now owns 13,835 shares of the energy exploration company's stock worth $1,696,000 after purchasing an additional 2,598 shares during the period. Finally, Advisory Alpha LLC increased its stake in EOG Resources by 21.0% in the fourth quarter. Advisory Alpha LLC now owns 2,549 shares of the energy exploration company's stock valued at $312,000 after purchasing an additional 442 shares in the last quarter. Institutional investors own 89.91% of the company's stock.

Insider Transactions at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the company's stock in a transaction dated 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 sale, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Janet F. Clark sold 568 shares of EOG Resources 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 approximately $5,891,185.56. This represents a 1.29 % decrease in their position. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages have recently commented on EOG. Scotiabank reduced 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. Bank of America reissued a "neutral" rating and issued a $144.00 price target (down previously from $151.00) on shares of EOG Resources in a research report on Monday, January 13th. Citigroup upped their price objective on shares of EOG Resources from $127.00 to $134.00 and gave the stock a "neutral" rating in a report on Tuesday, November 26th. StockNews.com upgraded shares of EOG Resources from a "hold" rating to a "buy" rating in a report on Wednesday. Finally, 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. 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. According to MarketBeat, EOG Resources presently has an average rating of "Hold" and an average target price of $143.86.

EOG Resources Stock Performance

NYSE EOG traded down $0.11 during trading on Thursday, hitting $133.91. 3,003,123 shares of the company's stock traded hands, compared to its average volume of 3,303,316. The stock has a market capitalization of $75.32 billion, a price-to-earnings ratio of 10.78, a PEG ratio of 3.76 and a beta of 1.29. 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 has a 50 day moving average of $129.09 and a 200-day moving average of $127.27. EOG Resources, Inc. has a 12-month low of $108.94 and a 12-month high of $139.67.

EOG Resources (NYSE:EOG - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The energy exploration company reported $2.89 EPS for the quarter, beating analysts' consensus estimates of $2.73 by $0.16. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The company had revenue of $5.97 billion during the quarter, compared to analyst estimates of $6.03 billion. During the same period last year, the business earned $3.44 earnings per share. As a group, equities research analysts anticipate 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 repurchase program on Thursday, November 7th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the energy exploration company to reacquire up to 7% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board believes its stock is undervalued.

EOG Resources Increases Dividend

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

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.