EOG Resources, Inc. (NYSE:EOG) Position Increased by Woodley Farra Manion Portfolio Management Inc.

Woodley Farra Manion Portfolio Management Inc. lifted its position in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 1.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 321,336 shares of the energy exploration company's stock after acquiring an additional 3,939 shares during the period. EOG Resources accounts for 2.0% of Woodley Farra Manion Portfolio Management Inc.'s portfolio, making the stock its 21st biggest holding. Woodley Farra Manion Portfolio Management Inc. owned about 0.06% of EOG Resources worth $39,389,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Financial Life Planners bought a new position in EOG Resources in the 4th quarter worth about $25,000. Y.D. More Investments Ltd boosted its position in shares of EOG Resources by 149.4% during the fourth quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company's stock worth $25,000 after buying an additional 121 shares during the period. Decker Retirement Planning Inc. bought a new position in EOG Resources in the 4th quarter worth approximately $27,000. Keystone Financial Group Inc. acquired a new stake in EOG Resources in the 4th quarter valued at approximately $27,000. Finally, Capital Performance Advisors LLP bought a new stake in EOG Resources during the 3rd quarter valued at $31,000. Institutional investors and hedge funds own 89.91% of the company's stock.

EOG Resources Trading Down 5.2 %

Shares of NYSE:EOG traded down $6.66 during midday trading on Monday, reaching $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 fifty day simple moving average of $129.30 and a two-hundred day simple moving average of $127.90. The firm 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, Inc. has a 1-year low of $115.40 and a 1-year high of $139.67. 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 Friday, February 28th. The energy exploration company reported $2.74 EPS for the quarter, beating analysts' consensus estimates of $2.55 by $0.19. The company had revenue of $5.59 billion during the quarter, compared to analyst estimates of $5.96 billion. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. Research analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Dividend Announcement

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

EOG Resources declared that its Board of Directors has authorized a share repurchase plan 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 reacquire up to 7% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Wolfe Research raised EOG Resources from a "peer perform" rating to an "outperform" rating and set a $143.00 price target for the company in a research note on Friday, January 3rd. Morgan Stanley decreased their target price on shares of EOG Resources from $143.00 to $142.00 and set an "equal weight" rating for the company in a research report on Monday. Mizuho dropped 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. Bank of America reaffirmed a "neutral" rating and issued a $144.00 price target (down from $151.00) on shares of EOG Resources in a research note on Monday, January 13th. Finally, Barclays lowered their price objective on shares of EOG Resources from $148.00 to $146.00 and set an "equal weight" rating on the stock in a research note on Friday. Twelve research 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. According to data from MarketBeat, 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 value of $483,560.00. Following the completion of the sale, the chief operating officer now directly owns 42,703 shares of the company's stock, valued at approximately $5,162,365.67. This represents a 8.56 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.30% 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.