Advisors Management Group Inc. ADV Boosts Stock Position in EOG Resources, Inc. (NYSE:EOG)

Advisors Management Group Inc. ADV increased its stake in EOG Resources, Inc. (NYSE:EOG) by 30.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,245 shares of the energy exploration company’s stock after purchasing an additional 993 shares during the quarter. Advisors Management Group Inc. ADV’s holdings in EOG Resources were worth $520,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Burney Co. grew its holdings in EOG Resources by 73.7% during the 4th quarter. Burney Co. now owns 3,559 shares of the energy exploration company’s stock valued at $436,000 after buying an additional 1,510 shares in the last quarter. Acropolis Investment Management LLC increased its holdings in EOG Resources by 11.7% during the 4th quarter. Acropolis Investment Management LLC now owns 6,170 shares of the energy exploration company’s stock worth $756,000 after acquiring an additional 647 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in EOG Resources by 161.8% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,487 shares of the energy exploration company’s stock valued at $550,000 after purchasing an additional 2,773 shares during the period. Assenagon Asset Management S.A. increased its holdings in shares of EOG Resources by 577.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 696,596 shares of the energy exploration company’s stock worth $85,389,000 after purchasing an additional 593,823 shares during the period. Finally, Rockland Trust Co. raised its position in shares of EOG Resources by 3.0% in the fourth quarter. Rockland Trust Co. now owns 222,835 shares of the energy exploration company’s stock worth $27,315,000 after buying an additional 6,488 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors.

EOG Resources Stock Performance

EOG Resources stock opened at $137.17 on Thursday. 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 stock’s 50 day moving average is $128.48 and its 200 day moving average is $126.84. EOG Resources, Inc. has a twelve month low of $108.94 and a twelve month high of $139.67. The company has a market capitalization of $77.15 billion, a P/E ratio of 11.04, a PEG ratio of 3.37 and a beta of 1.29.

EOG Resources Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be issued a dividend of $0.975 per share. This is an increase from EOG Resources’s previous quarterly dividend of $0.91. This represents a $3.90 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date is Friday, January 17th. EOG Resources’s dividend payout ratio is presently 31.40%.

EOG Resources announced that its Board of Directors has initiated a share buyback program on Thursday, November 7th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the energy exploration company to buy up to 7% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

A number of equities analysts have weighed in on EOG shares. KeyCorp decreased their target price on EOG Resources from $157.00 to $150.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $150.00 target price on shares of EOG Resources in a research note on Monday, January 6th. Citigroup boosted their price target on shares of EOG Resources from $127.00 to $134.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 26th. Bank of America restated a “neutral” rating and set a $144.00 price objective (down previously from $151.00) on shares of EOG Resources in a research report on Monday. Finally, UBS Group cut their target price on shares of EOG Resources from $167.00 to $154.00 and set a “buy” rating for the company in a research report on Wednesday, September 18th. Thirteen 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. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $143.48.

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 that occurred 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 owns 43,532 shares of the company’s stock, valued at approximately $5,891,185.56. This trade represents a 1.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the company’s stock in a transaction on 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 owns 42,703 shares of the company’s stock, valued at $5,162,365.67. This trade represents a 8.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.30% of the company’s stock.

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.