SRS Capital Advisors Inc. Purchases 5,979 Shares of EOG Resources, Inc. (NYSE:EOG)

SRS Capital Advisors Inc. boosted its holdings in EOG Resources, Inc. (NYSE:EOG - Free Report) by 4,941.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,100 shares of the energy exploration company's stock after purchasing an additional 5,979 shares during the period. SRS Capital Advisors Inc.'s holdings in EOG Resources were worth $748,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. HM Payson & Co. increased its position in shares of EOG Resources by 203.7% in the third quarter. HM Payson & Co. now owns 328 shares of the energy exploration company's stock valued at $40,000 after acquiring an additional 220 shares during the last quarter. Stephens Inc. AR increased its position in shares of EOG Resources by 5.3% during the 3rd quarter. Stephens Inc. AR now owns 5,083 shares of the energy exploration company's stock worth $625,000 after purchasing an additional 258 shares during the last quarter. Princeton Global Asset Management LLC raised its stake in shares of EOG Resources by 3.2% during the 3rd quarter. Princeton Global Asset Management LLC now owns 26,214 shares of the energy exploration company's stock worth $3,222,000 after purchasing an additional 807 shares in the last quarter. Clear Creek Financial Management LLC raised its stake in shares of EOG Resources by 4.9% during the 3rd quarter. Clear Creek Financial Management LLC now owns 6,530 shares of the energy exploration company's stock worth $803,000 after purchasing an additional 304 shares in the last quarter. Finally, Conning Inc. grew its stake in shares of EOG Resources by 3.4% in the third quarter. Conning Inc. now owns 301,988 shares of the energy exploration company's stock valued at $37,123,000 after buying an additional 9,994 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at EOG Resources

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

EOG Resources Price Performance

NYSE EOG traded down $6.66 during midday trading on Monday, hitting $120.28. The company had a trading volume of 7,431,360 shares, compared to its average volume of 3,039,013. The company has a market capitalization of $67.65 billion, a PE ratio of 9.68, a P/E/G ratio of 3.58 and a beta of 1.27. EOG Resources, Inc. has a twelve month low of $115.40 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 50-day moving average price of $129.30 and a 200-day moving average price of $127.90.

EOG Resources (NYSE:EOG - Get Free Report) last posted its quarterly earnings data on Friday, February 28th. The energy exploration company reported $2.74 earnings per share 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 analysts' expectations of $5.96 billion. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. As a group, analysts anticipate that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources declared that its board has approved a share repurchase program on Thursday, November 7th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the energy exploration company to reacquire up to 7% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's management believes its shares are undervalued.

EOG Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be given a dividend of $0.975 per share. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $3.90 annualized dividend and a dividend yield of 3.24%. EOG Resources's dividend payout ratio is 31.40%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on EOG shares. StockNews.com lowered shares of EOG Resources from a "buy" rating to a "hold" rating in a research report on Friday, February 21st. 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. Wolfe Research upgraded EOG Resources from a "peer perform" rating to an "outperform" rating and set a $143.00 price target for the company in a report on Friday, January 3rd. Mizuho cut their price target on EOG Resources from $156.00 to $148.00 and set an "outperform" rating for the company in a report on Monday, December 16th. Finally, Truist Financial upped their price objective on shares of EOG Resources from $135.00 to $137.00 and gave the company a "hold" rating in a report on Monday, January 13th. 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 stock. According to MarketBeat, EOG Resources presently has a consensus rating of "Moderate Buy" and an average target price of $145.80.

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.