Twin Capital Management Inc. Acquires 7,465 Shares of EOG Resources, Inc. (NYSE:EOG)

Twin Capital Management Inc. raised its position in shares of EOG Resources, Inc. (NYSE:EOG) by 25.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,653 shares of the energy exploration company’s stock after acquiring an additional 7,465 shares during the period. Twin Capital Management Inc.’s holdings in EOG Resources were worth $4,493,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in EOG. Financial Life Planners acquired a new position in shares of EOG Resources during the 4th quarter worth approximately $25,000. Y.D. More Investments Ltd lifted its position in 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 purchasing an additional 121 shares during the period. Mainstream Capital Management LLC acquired a new stake in EOG Resources during the fourth quarter worth about $25,000. Decker Retirement Planning Inc. bought a new position in EOG Resources in the 4th quarter valued at about $27,000. Finally, Keystone Financial Group Inc. acquired a new position in shares of EOG Resources in the 4th quarter valued at approximately $27,000. 89.91% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, COO Jeffrey R. Leitzell sold 4,037 shares of EOG Resources stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $127.76, for a total transaction of $515,767.12. Following the sale, the chief operating officer now directly owns 47,732 shares in the company, valued at approximately $6,098,240.32. This trade represents a 7.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Citigroup lowered their price objective on shares of EOG Resources from $134.00 to $125.00 and set a “neutral” rating for the company in a research report on Monday, March 17th. UBS Group dropped their price objective on shares of EOG Resources from $165.00 to $160.00 and set a “buy” rating for the company in a research note on Tuesday, March 4th. StockNews.com downgraded shares of EOG Resources from a “buy” rating to a “hold” rating in a report on Friday, February 21st. Williams Trading set a $154.00 price objective on EOG Resources in a report on Wednesday, March 5th. Finally, Wells Fargo & Company cut their target price on EOG Resources from $150.00 to $146.00 and set an “overweight” rating on the stock in a report on Thursday, March 13th. Thirteen investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, EOG Resources currently has a consensus rating of “Hold” and an average target price of $144.67.

EOG Resources Stock Performance

Shares of EOG stock opened at $110.39 on Monday. The firm has a market capitalization of $60.88 billion, a PE ratio of 8.89, a price-to-earnings-growth ratio of 3.58 and a beta of 0.93. The firm has a fifty day simple moving average of $127.14 and a two-hundred day simple moving average of $127.86. EOG Resources, Inc. has a 12 month low of $106.23 and a 12 month high of $139.67. 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 (NYSE:EOG) last released its quarterly earnings results on Friday, February 28th. The energy exploration company reported $2.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.55 by $0.19. The business had revenue of $5.59 billion during 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%. Analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be given a dividend of $0.975 per share. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.53%. The ex-dividend date of this dividend is Wednesday, April 16th. EOG Resources’s payout ratio is currently 34.73%.

About EOG Resources

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.