Horan Capital Advisors LLC. Sells 2,311 Shares of EOG Resources, Inc. (NYSE:EOG)

Horan Capital Advisors LLC. trimmed its holdings in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 11.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,404 shares of the energy exploration company's stock after selling 2,311 shares during the period. Horan Capital Advisors LLC.'s holdings in EOG Resources were worth $2,256,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Financial Life Planners acquired a new position in shares of EOG Resources during the 4th quarter worth $25,000. Y.D. More Investments Ltd increased its holdings in EOG Resources by 149.4% in the fourth 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 in the last quarter. Mainstream Capital Management LLC acquired a new stake in shares of EOG Resources during the 4th quarter valued at approximately $25,000. Decker Retirement Planning Inc. acquired a new stake in shares of EOG Resources in the 4th quarter worth approximately $27,000. Finally, Keystone Financial Group Inc. purchased a new position in EOG Resources in the 4th quarter valued at approximately $27,000. 89.91% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources stock in a transaction 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 sale, the chief operating officer now directly owns 42,703 shares in the company, valued at approximately $5,162,365.67. The trade was a 8.56 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.30% of the company's stock.

EOG Resources Stock Performance

Shares of EOG traded up $0.16 during mid-day trading on Thursday, hitting $122.01. The company's stock had a trading volume of 862,681 shares, compared to its average volume of 2,993,323. 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 firm has a market capitalization of $68.62 billion, a PE ratio of 9.82, a price-to-earnings-growth ratio of 3.58 and a beta of 1.27. The stock's 50-day moving average is $129.36 and its two-hundred day moving average is $127.76. EOG Resources, Inc. has a one year low of $115.57 and a one year high of $139.67.

EOG Resources (NYSE:EOG - Get Free Report) last posted its earnings results on Friday, February 28th. The energy exploration company reported $2.74 EPS for the quarter, topping the consensus estimate of $2.55 by $0.19. The business had revenue of $5.59 billion during the quarter, compared to the consensus estimate of $5.96 billion. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. As a group, sell-side analysts anticipate that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources declared that its board has authorized a stock repurchase program on Thursday, November 7th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the energy exploration company to reacquire up to 7% of its stock through open market purchases. Stock buyback programs are often a sign that the company's board of directors believes its shares are undervalued.

EOG Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be paid a dividend of $0.975 per share. This represents a $3.90 annualized dividend and a yield of 3.20%. The ex-dividend date is Wednesday, April 16th. EOG Resources's payout ratio is 34.73%.

Analyst Ratings Changes

Several analysts have weighed in on the company. Bank of America reissued a "neutral" rating and issued a $144.00 target price (down previously from $151.00) on shares of EOG Resources in a report on Monday, January 13th. Morgan Stanley cut their target price on shares of EOG Resources from $143.00 to $142.00 and set an "equal weight" rating for the company in a research report on Monday. Barclays lowered their price target on shares of EOG Resources from $148.00 to $146.00 and set an "equal weight" rating on the stock in a research report on Friday, February 28th. Wells Fargo & Company upgraded EOG Resources from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $147.00 to $150.00 in a report on Tuesday, December 17th. Finally, Raymond James boosted their price target on EOG Resources from $167.00 to $175.00 and gave the stock a "strong-buy" rating in a report on Thursday, January 23rd. Twelve research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, EOG Resources currently has an average rating of "Moderate Buy" and a consensus price target of $145.80.

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.