EOG Resources, Inc. (NYSE:EOG) Shares Acquired by Torray Investment Partners LLC

Torray Investment Partners LLC increased its holdings in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 5.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 150,612 shares of the energy exploration company's stock after buying an additional 8,378 shares during the period. EOG Resources accounts for about 2.6% of Torray Investment Partners LLC's investment portfolio, making the stock its 7th biggest holding. Torray Investment Partners LLC's holdings in EOG Resources were worth $18,462,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of EOG. Financial Life Planners acquired a new stake in shares of EOG Resources in the 4th quarter valued at approximately $25,000. Y.D. More Investments Ltd increased its stake 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 purchasing an additional 121 shares in the last quarter. Decker Retirement Planning Inc. acquired a new stake in EOG Resources in the fourth quarter worth $27,000. Keystone Financial Group Inc. bought a new position in shares of EOG Resources during the fourth quarter worth $27,000. Finally, Capital Performance Advisors LLP acquired a new position in shares of EOG Resources in the 3rd quarter valued at $31,000. 89.91% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts recently commented on EOG shares. Barclays dropped their price objective on EOG Resources from $148.00 to $146.00 and set an "equal weight" rating on the stock in a research note on Friday, February 28th. Wolfe Research upgraded EOG Resources from a "peer perform" rating to an "outperform" rating and set a $143.00 price objective on the stock in a report on Friday, January 3rd. Raymond James increased their target price on EOG Resources from $167.00 to $175.00 and gave the stock a "strong-buy" rating in a research note on Thursday, January 23rd. Benchmark reiterated a "hold" rating on shares of EOG Resources in a report on Monday, January 13th. Finally, UBS Group lowered their price objective on shares of EOG Resources from $165.00 to $160.00 and set a "buy" rating for the company in a research report on Tuesday. Twelve investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, EOG Resources presently has a consensus rating of "Moderate Buy" and a consensus price target of $145.80.

Insider Buying and Selling at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $120.89, for a total transaction of $483,560.00. Following the completion of the sale, 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.30% of the company's stock.

EOG Resources Stock Performance

Shares of EOG traded up $0.14 during midday trading on Thursday, reaching $121.99. The stock had a trading volume of 862,681 shares, compared to its average volume of 2,993,233. 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 simple moving average of $129.36 and a 200-day simple moving average of $127.76. The firm has a market cap of $68.61 billion, a PE ratio of 9.82, a P/E/G ratio of 3.58 and a beta of 1.27. 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 announced its quarterly earnings results on Friday, February 28th. The energy exploration company reported $2.74 earnings per share for the quarter, topping analysts' consensus estimates of $2.55 by $0.19. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. The firm had revenue of $5.59 billion for the quarter, compared to the consensus estimate of $5.96 billion. As a group, sell-side analysts anticipate that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Announces Dividend

The firm also recently declared 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 annualized dividend and a yield of 3.20%. The ex-dividend date is Wednesday, April 16th. EOG Resources's dividend payout ratio is 34.73%.

EOG Resources announced that its board has authorized a stock buyback 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 purchase up to 7% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's management 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.