Plato Investment Management Ltd Has $4.31 Million Stock Position in EOG Resources, Inc. (NYSE:EOG)

Plato Investment Management Ltd grew its position in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 46.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,064 shares of the energy exploration company's stock after buying an additional 11,057 shares during the quarter. Plato Investment Management Ltd's holdings in EOG Resources were worth $4,314,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of EOG. DRW Securities LLC raised its holdings in shares of EOG Resources by 98.6% in the third quarter. DRW Securities LLC now owns 26,838 shares of the energy exploration company's stock valued at $3,299,000 after buying an additional 13,324 shares during the last quarter. Caprock Group LLC raised its stake in shares of EOG Resources by 7.7% in the third quarter. Caprock Group LLC now owns 12,112 shares of the energy exploration company's stock worth $1,489,000 after acquiring an additional 862 shares during the last quarter. World Investment Advisors LLC acquired a new position in shares of EOG Resources during the third quarter worth approximately $730,000. Mountain Lake Investment Management LLC bought a new stake in shares of EOG Resources during the fourth quarter valued at approximately $735,000. Finally, Oak Ridge Investments LLC grew its stake in shares of EOG Resources by 5.9% during the fourth quarter. Oak Ridge Investments LLC now owns 41,274 shares of the energy exploration company's stock valued at $5,059,000 after purchasing an additional 2,311 shares during the last quarter. Institutional investors own 89.91% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Mizuho reduced their price objective on EOG Resources from $156.00 to $148.00 and set an "outperform" rating on the stock in a report on Monday, December 16th. Citigroup upped their price target on EOG Resources from $127.00 to $134.00 and gave the company a "neutral" rating in a research note on Tuesday, November 26th. Raymond James lifted their price objective on EOG Resources from $167.00 to $175.00 and gave the stock a "strong-buy" rating in a research report on Thursday, January 23rd. Wells Fargo & Company upgraded shares of EOG Resources from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $147.00 to $150.00 in a research report on Tuesday, December 17th. Finally, Barclays lowered their price target on shares of EOG Resources from $148.00 to $146.00 and set an "equal weight" rating for the company in a research report on Friday. Twelve investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $145.80.

Insider Buying and Selling at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 4,000 shares of the stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $120.89, for a total transaction of $483,560.00. Following the completion of the transaction, the chief operating officer now directly owns 42,703 shares in the company, valued at approximately $5,162,365.67. This trade represents a 8.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.30% of the company's stock.

EOG Resources Stock Down 5.2 %

Shares of NYSE:EOG traded down $6.66 during trading on Monday, hitting $120.28. 7,431,360 shares of the company's stock traded hands, 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. The company has a 50-day moving average price of $129.30 and a 200-day moving average price of $127.90. EOG Resources, Inc. has a 52 week low of $115.40 and a 52 week high of $139.67. The company has a market cap of $67.65 billion, a price-to-earnings 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 earnings per share for the quarter, beating analysts' consensus estimates of $2.55 by $0.19. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The firm had revenue of $5.59 billion for the quarter, compared to analyst estimates of $5.96 billion. As a group, research analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be issued a dividend of $0.975 per share. This represents a $3.90 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date of this dividend is Wednesday, April 16th. EOG Resources's dividend payout ratio (DPR) is presently 31.40%.

EOG Resources declared that its board has authorized a share repurchase program on Thursday, November 7th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the energy exploration company to buy up to 7% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's leadership 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.