EOG Resources, Inc. (NYSE:EOG) Shares Acquired by Grimes & Company Inc.

Grimes & Company Inc. lifted its holdings in EOG Resources, Inc. (NYSE:EOG - Free Report) by 2.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 147,948 shares of the energy exploration company's stock after purchasing an additional 3,320 shares during the period. Grimes & Company Inc.'s holdings in EOG Resources were worth $18,136,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Linden Thomas Advisory Services LLC raised its holdings in EOG Resources by 7.8% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 11,856 shares of the energy exploration company's stock worth $1,453,000 after purchasing an additional 859 shares in the last quarter. Geneos Wealth Management Inc. grew its position in shares of EOG Resources by 4.7% in the 4th quarter. Geneos Wealth Management Inc. now owns 30,592 shares of the energy exploration company's stock worth $3,750,000 after buying an additional 1,369 shares during the last quarter. apricus wealth LLC bought a new position in shares of EOG Resources during the 4th quarter worth approximately $209,000. Exchange Traded Concepts LLC lifted its position in EOG Resources by 1.8% during the fourth quarter. Exchange Traded Concepts LLC now owns 6,907 shares of the energy exploration company's stock valued at $847,000 after acquiring an additional 121 shares during the last quarter. Finally, CX Institutional boosted its stake in EOG Resources by 4.4% in the fourth quarter. CX Institutional now owns 12,564 shares of the energy exploration company's stock valued at $1,540,000 after acquiring an additional 535 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors.

Insider Activity

In related news, 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 sale, 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 SEC, which is accessible through this hyperlink. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $120.89, for a total value of $483,560.00. Following the transaction, the chief operating officer now directly owns 42,703 shares of the company's stock, valued at $5,162,365.67. The trade was a 8.56 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.30% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on EOG. Barclays decreased their price objective on EOG Resources from $144.00 to $137.00 and set an "equal weight" rating for the company in a report on Thursday, October 3rd. Wells Fargo & Company raised EOG Resources from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $147.00 to $150.00 in a report on Tuesday, December 17th. KeyCorp cut their price objective on shares of EOG Resources from $157.00 to $150.00 and set an "overweight" rating on the stock in a report on Wednesday, October 16th. Bank of America reiterated a "neutral" rating and issued a $144.00 target price (down from $151.00) on shares of EOG Resources in a research note on Monday, January 13th. Finally, Benchmark restated a "hold" rating on shares of EOG Resources in a research note on Monday, January 13th. Thirteen 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. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $143.86.

EOG Resources Price Performance

Shares of EOG Resources stock traded down $2.25 during trading hours on Friday, reaching $131.73. The stock had a trading volume of 3,178,794 shares, compared to its average volume of 2,694,795. EOG Resources, Inc. has a twelve month low of $108.94 and a twelve 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. The firm 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. The stock's 50 day moving average is $129.01 and its 200 day moving average is $127.35.

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

EOG Resources announced that its board has initiated a share repurchase plan on Thursday, November 7th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the energy exploration company to purchase up to 7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board of directors believes its shares are undervalued.

EOG Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be given a dividend of $0.975 per share. The ex-dividend date is Friday, January 17th. This is a boost from EOG Resources's previous quarterly dividend of $0.91. This represents a $3.90 dividend on an annualized basis and a yield of 2.96%. EOG Resources's dividend payout ratio is currently 31.40%.

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.