Wedge Capital Management L L P NC Buys 7,491 Shares of EOG Resources, Inc. (NYSE:EOG)

Wedge Capital Management L L P NC grew its position in EOG Resources, Inc. (NYSE:EOG - Free Report) by 29.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 32,653 shares of the energy exploration company's stock after purchasing an additional 7,491 shares during the period. Wedge Capital Management L L P NC's holdings in EOG Resources were worth $4,003,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Insight Inv LLC raised its position in shares of EOG Resources by 0.8% during the 3rd quarter. Insight Inv LLC now owns 9,385 shares of the energy exploration company's stock worth $1,154,000 after buying an additional 75 shares in the last quarter. Cape ANN Savings Bank raised its holdings in EOG Resources by 0.9% during the third quarter. Cape ANN Savings Bank now owns 8,679 shares of the energy exploration company's stock worth $1,067,000 after purchasing an additional 79 shares in the last quarter. Everpar Advisors LLC raised its holdings in EOG Resources by 3.6% during the third quarter. Everpar Advisors LLC now owns 2,380 shares of the energy exploration company's stock worth $293,000 after purchasing an additional 83 shares in the last quarter. Rosenberg Matthew Hamilton lifted its position in EOG Resources by 3.0% in the fourth quarter. Rosenberg Matthew Hamilton now owns 2,921 shares of the energy exploration company's stock worth $358,000 after purchasing an additional 84 shares during the period. Finally, FSM Wealth Advisors LLC boosted its stake in EOG Resources by 5.5% during the 3rd quarter. FSM Wealth Advisors LLC now owns 1,702 shares of the energy exploration company's stock valued at $209,000 after purchasing an additional 88 shares in the last quarter. Institutional investors and hedge funds own 89.91% of the company's stock.

Insider Buying and Selling at EOG Resources

In related news, Director Janet F. Clark sold 568 shares of the firm's stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $135.33, for a total value of $76,867.44. Following the transaction, the director now directly 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 transaction was disclosed in a filing with the SEC, which is available through this link. Also, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources 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 in the company, valued at $5,162,365.67. This trade represents a 8.56 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.30% of the company's stock.

EOG Resources Stock Down 1.0 %

EOG stock traded down $1.35 during mid-day trading on Monday, hitting $136.70. The stock had a trading volume of 2,837,860 shares, compared to its average volume of 2,785,113. The stock has a market capitalization of $76.89 billion, a price-to-earnings ratio of 11.01, a PEG ratio of 3.63 and a beta of 1.29. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. EOG Resources, Inc. has a 1-year low of $108.94 and a 1-year high of $139.67. The company has a fifty day moving average of $128.96 and a 200 day moving average of $127.07.

EOG Resources declared that its board has approved a share repurchase program on Thursday, November 7th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the energy exploration company to purchase up to 7% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board 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. Investors of record on Friday, January 17th will be given a dividend of $0.975 per share. This represents a $3.90 annualized dividend and a yield of 2.85%. The ex-dividend date of this dividend is Friday, January 17th. This is a positive change from EOG Resources's previous quarterly dividend of $0.91. EOG Resources's dividend payout ratio (DPR) is presently 31.40%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Bank of America restated a "neutral" rating and issued a $144.00 price objective (down previously from $151.00) on shares of EOG Resources in a report on Monday, January 13th. 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. Barclays lowered their price objective on shares of EOG Resources from $144.00 to $137.00 and set an "equal weight" rating on the stock in a research note on Thursday, October 3rd. Mizuho decreased their price target on shares of EOG Resources from $156.00 to $148.00 and set an "outperform" rating on the stock in a research report on Monday, December 16th. Finally, Raymond James increased their price objective on EOG Resources from $156.00 to $167.00 and gave the company a "strong-buy" rating in a research report on Thursday, November 21st. Thirteen analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, EOG Resources currently has a consensus rating of "Hold" and a consensus target price of $143.48.

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.