Exencial Wealth Advisors LLC Has $796,000 Stock Holdings in EOG Resources, Inc. (NYSE:EOG)

Exencial Wealth Advisors LLC trimmed its stake in EOG Resources, Inc. (NYSE:EOG) by 2.2% in the fourth quarter, Holdings Channel reports. The firm owned 6,497 shares of the energy exploration company’s stock after selling 148 shares during the quarter. Exencial Wealth Advisors LLC’s holdings in EOG Resources were worth $796,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Financial Life Planners bought a new position in shares of EOG Resources during the 4th quarter worth approximately $25,000. Y.D. More Investments Ltd boosted its stake in EOG Resources by 149.4% in the 4th 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 during the period. Decker Retirement Planning Inc. acquired a new position in EOG Resources in the 4th quarter valued at $27,000. Keystone Financial Group Inc. acquired a new position in EOG Resources in the 4th quarter valued at $27,000. Finally, Capital Performance Advisors LLP acquired a new position in EOG Resources in the 3rd quarter valued at $31,000. 89.91% of the stock is currently owned by institutional investors.

EOG Resources Trading Up 0.0 %

NYSE EOG opened at $122.15 on Thursday. The stock’s 50-day simple moving average is $129.36 and its two-hundred day simple moving average is $127.76. EOG Resources, Inc. has a twelve month low of $115.57 and a twelve month high of $139.67. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $68.70 billion, a price-to-earnings ratio of 9.83, a PEG ratio of 3.58 and a beta of 1.27.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Friday, February 28th. The energy exploration company reported $2.74 EPS for the quarter, topping the consensus estimate of $2.55 by $0.19. The firm had revenue of $5.59 billion for the quarter, compared to the consensus estimate of $5.96 billion. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. Research analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be issued a $0.975 dividend. The ex-dividend date is Wednesday, April 16th. This represents a $3.90 annualized dividend and a dividend yield of 3.19%. EOG Resources’s dividend payout ratio is currently 34.73%.

EOG Resources announced that its board has initiated a stock buyback 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 shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Mizuho lowered their price target on EOG Resources from $156.00 to $148.00 and set an “outperform” rating for the company in a report on Monday, December 16th. Royal Bank of Canada upgraded EOG Resources from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $150.00 to $155.00 in a research report on Wednesday, February 12th. Bank of America restated a “neutral” rating and set a $144.00 target price (down previously from $151.00) on shares of EOG Resources in a research report on Monday, January 13th. Benchmark restated a “hold” rating on shares of EOG Resources in a research report on Monday, January 13th. Finally, Raymond James upped their price target 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. Twelve equities research 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. Based on data from MarketBeat, EOG Resources currently has an average rating of “Moderate Buy” and a consensus target price of $146.10.

Insider Transactions at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources 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 transaction, the chief operating officer now owns 42,703 shares in the company, valued at approximately $5,162,365.67. The trade was a 8.56 % decrease in their ownership of the stock. The transaction was disclosed in a 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.