LexAurum Advisors LLC Buys New Holdings in EOG Resources, Inc. (NYSE:EOG)

LexAurum Advisors LLC acquired a new position in EOG Resources, Inc. (NYSE:EOG - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,811 shares of the energy exploration company's stock, valued at approximately $345,000.

Other institutional investors have also bought and sold shares of the company. AQR Capital Management LLC increased its position in EOG Resources by 33.5% in the second quarter. AQR Capital Management LLC now owns 1,004,001 shares of the energy exploration company's stock worth $126,374,000 after buying an additional 252,125 shares during the last quarter. Daymark Wealth Partners LLC raised its position in shares of EOG Resources by 5.5% in the 2nd quarter. Daymark Wealth Partners LLC now owns 11,289 shares of the energy exploration company's stock worth $1,421,000 after acquiring an additional 590 shares in the last quarter. MBB Public Markets I LLC boosted its position in shares of EOG Resources by 765.4% in the 2nd quarter. MBB Public Markets I LLC now owns 45,822 shares of the energy exploration company's stock worth $5,768,000 after purchasing an additional 40,527 shares in the last quarter. Mackenzie Financial Corp increased its position in shares of EOG Resources by 49.7% during the second quarter. Mackenzie Financial Corp now owns 83,686 shares of the energy exploration company's stock valued at $10,534,000 after acquiring an additional 27,787 shares in the last quarter. Finally, Lighthouse Investment Partners LLC purchased a new position in shares of EOG Resources during the second quarter valued at approximately $250,000. Institutional investors own 89.91% of the company's stock.

Insider Activity

In other 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 transaction of $76,867.44. Following the completion of the sale, the director now owns 43,532 shares in the company, valued at approximately $5,891,185.56. This trade represents a 1.29 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources stock in a transaction that occurred 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 transaction, the chief operating officer now directly owns 42,703 shares in the company, valued at $5,162,365.67. This trade represents a 8.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.30% of the company's stock.

EOG Resources Stock Performance

Shares of EOG stock traded down $2.25 on Friday, hitting $131.73. The company's stock had a trading volume of 3,178,794 shares, compared to its average volume of 2,694,795. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. EOG Resources, Inc. has a fifty-two week low of $108.94 and a fifty-two week high of $139.67. The stock's 50 day moving average is $129.01 and its 200-day moving average is $127.35. The company 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 (NYSE:EOG - Get Free Report) last issued its earnings results on Thursday, November 7th. The energy exploration company reported $2.89 earnings per share for the quarter, beating 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 firm had revenue of $5.97 billion for the quarter, compared to the consensus estimate of $6.03 billion. During the same quarter last year, the business posted $3.44 EPS. Equities research analysts expect that EOG Resources, Inc. will post 11.45 earnings per share for the current fiscal year.

EOG Resources declared that its Board of Directors has authorized a stock buyback program on Thursday, November 7th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows 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 stock is undervalued.

EOG Resources Increases Dividend

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

Analysts Set New Price Targets

Several research analysts have weighed in on the company. StockNews.com upgraded EOG Resources from a "hold" rating to a "buy" rating in a research note on Wednesday. Royal Bank of Canada reissued a "sector perform" rating and issued a $150.00 price target on shares of EOG Resources in a research report on Monday, January 6th. 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. Bank of America reissued a "neutral" rating and set a $144.00 price target (down from $151.00) on shares of EOG Resources in a research report on Monday, January 13th. Finally, Piper Sandler dropped their price target on shares of EOG Resources from $149.00 to $140.00 and set a "neutral" rating on the stock in a research report on Tuesday, December 17th. Thirteen equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $143.86.

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.