Twelve Points Wealth Management LLC Acquires 5,259 Shares of EOG Resources, Inc. (NYSE:EOG)

Twelve Points Wealth Management LLC boosted its position in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 27.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,579 shares of the energy exploration company's stock after acquiring an additional 5,259 shares during the period. EOG Resources accounts for 0.9% of Twelve Points Wealth Management LLC's investment portfolio, making the stock its 22nd biggest holding. Twelve Points Wealth Management LLC's holdings in EOG Resources were worth $3,013,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Northwest Investment Counselors LLC bought a new position in shares of EOG Resources during the 3rd quarter worth about $26,000. Decker Retirement Planning Inc. acquired a new stake in EOG Resources during the fourth quarter worth about $27,000. Eastern Bank bought a new position in EOG Resources during the third quarter valued at about $28,000. Capital Performance Advisors LLP acquired a new position in EOG Resources in the 3rd quarter valued at approximately $31,000. Finally, HM Payson & Co. lifted its position in shares of EOG Resources by 203.7% in the 3rd quarter. HM Payson & Co. now owns 328 shares of the energy exploration company's stock worth $40,000 after acquiring an additional 220 shares during the period. 89.91% of the stock is currently owned by institutional investors.

EOG Resources Price Performance

Shares of NYSE EOG traded down $0.13 during trading on Wednesday, reaching $130.12. The company had a trading volume of 938,299 shares, compared to its average volume of 3,101,191. EOG Resources, Inc. has a 52 week low of $108.94 and a 52 week high of $139.67. The business's 50 day moving average price is $128.82 and its 200-day moving average price is $127.41. The stock has a market cap of $73.18 billion, a PE ratio of 10.48, a PEG ratio of 3.68 and a beta of 1.29. 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 (NYSE:EOG - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The energy exploration company reported $2.89 earnings per share for the quarter, topping the consensus estimate of $2.73 by $0.16. The firm had revenue of $5.97 billion during the quarter, compared to analysts' expectations of $6.03 billion. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. During the same quarter in the previous year, the company posted $3.44 EPS. Analysts expect that EOG Resources, Inc. will post 11.45 earnings per share for the current year.

EOG Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be given a $0.975 dividend. This represents a $3.90 dividend on an annualized basis and a yield of 3.00%. This is a positive change from EOG Resources's previous quarterly dividend of $0.91. The ex-dividend date is Friday, January 17th. EOG Resources's dividend payout ratio (DPR) is presently 31.40%.

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

Analyst Upgrades and Downgrades

EOG has been the topic of a number of research reports. KeyCorp lowered their price objective on EOG Resources from $157.00 to $150.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 16th. Royal Bank of Canada reissued a "sector perform" rating and issued a $150.00 price target on shares of EOG Resources in a report on Monday, January 6th. Bank of America reaffirmed a "neutral" rating and set a $144.00 price objective (down from $151.00) on shares of EOG Resources in a report on Monday, January 13th. Mizuho lowered their target price on shares of EOG Resources from $156.00 to $148.00 and set an "outperform" rating on the stock in a research note on Monday, December 16th. Finally, Truist Financial raised their price target on shares of EOG Resources from $135.00 to $137.00 and gave the stock a "hold" rating in a research note on Monday, January 13th. Thirteen equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, EOG Resources presently has a consensus rating of "Hold" and an average target price of $143.90.

Insiders Place Their Bets

In related news, Director Janet F. Clark sold 568 shares of the company's stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $135.33, for a total value 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 represents a 1.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $120.89, for a total value 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 $5,162,365.67. The trade was a 8.56 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.20% of the company's stock.

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.