EOG Resources, Inc. (NYSE:EOG) Stake Decreased by Yousif Capital Management LLC

Yousif Capital Management LLC trimmed its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 1.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 75,064 shares of the energy exploration company’s stock after selling 1,177 shares during the period. Yousif Capital Management LLC’s holdings in EOG Resources were worth $9,201,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Financial Life Planners bought a new stake in shares of EOG Resources during the 4th quarter worth about $25,000. Northwest Investment Counselors LLC acquired a new position in shares of EOG Resources during the third quarter valued at approximately $26,000. Decker Retirement Planning Inc. bought a new stake in EOG Resources during the fourth quarter worth approximately $27,000. Eastern Bank acquired a new stake in EOG Resources in the third quarter worth approximately $28,000. Finally, Capital Performance Advisors LLP bought a new position in EOG Resources during the 3rd quarter valued at $31,000. 89.91% of the stock is currently owned by institutional investors.

Insider Transactions at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the firm’s stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $120.89, for a total transaction of $483,560.00. Following the transaction, the chief operating officer now owns 42,703 shares in the company, valued at approximately $5,162,365.67. This trade represents a 8.56 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Janet F. Clark sold 568 shares of EOG Resources stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $135.33, for a total transaction of $76,867.44. Following the completion of the sale, the director now directly owns 43,532 shares of the company’s stock, valued at approximately $5,891,185.56. The trade was a 1.29 % 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 Stock Down 0.3 %

EOG stock opened at $127.69 on Thursday. The company has a 50 day moving average of $128.18 and a two-hundred day moving average of $127.28. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. EOG Resources, Inc. has a 12-month low of $109.06 and a 12-month high of $139.67. The company has a market cap of $71.82 billion, a price-to-earnings ratio of 10.28, a PEG ratio of 3.33 and a beta of 1.27.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Thursday, November 7th. The energy exploration company reported $2.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.73 by $0.16. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. The firm had revenue of $5.97 billion during the quarter, compared to analysts’ expectations of $6.03 billion. During the same quarter last year, the firm earned $3.44 earnings per share. On average, equities analysts anticipate that EOG Resources, Inc. will post 11.46 earnings per share for the current fiscal year.

EOG Resources declared that its Board of Directors has authorized a share buyback plan on Thursday, November 7th that authorizes the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization authorizes the energy exploration company to purchase up to 7% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

A number of analysts have recently commented on EOG shares. Citigroup boosted their price objective on EOG Resources from $127.00 to $134.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 26th. 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. Mizuho lowered their price objective 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. Wolfe Research upgraded shares of EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 target price for the company in a report on Friday, January 3rd. Finally, KeyCorp decreased their price target on shares of EOG Resources from $157.00 to $150.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. Thirteen research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $143.90.

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.