Horan Capital Advisors LLC. Has $2.26 Million Stake in EOG Resources, Inc. (NYSE:EOG)

Horan Capital Advisors LLC. lowered its position in EOG Resources, Inc. (NYSE:EOG) by 11.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 18,404 shares of the energy exploration company’s stock after selling 2,311 shares during the period. Horan Capital Advisors LLC.’s holdings in EOG Resources were worth $2,256,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Mainstream Capital Management LLC bought a new stake in shares of EOG Resources in the 4th quarter valued at $25,000. Torray Investment Partners LLC increased its stake in shares of EOG Resources by 5.9% in the 4th quarter. Torray Investment Partners LLC now owns 150,612 shares of the energy exploration company’s stock valued at $18,462,000 after acquiring an additional 8,378 shares in the last quarter. Commerzbank Aktiengesellschaft FI increased its stake in shares of EOG Resources by 46.6% in the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 4,448 shares of the energy exploration company’s stock valued at $537,000 after acquiring an additional 1,413 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of EOG Resources by 4.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 18,192,314 shares of the energy exploration company’s stock valued at $2,230,014,000 after acquiring an additional 781,282 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC increased its stake in shares of EOG Resources by 8.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 26,828 shares of the energy exploration company’s stock valued at $3,289,000 after acquiring an additional 2,115 shares in the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Price Performance

Shares of NYSE:EOG opened at $120.28 on Tuesday. The company’s 50-day moving average is $129.31 and its 200 day moving average is $127.85. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. The company has a market capitalization of $67.65 billion, a P/E ratio of 9.68, a price-to-earnings-growth ratio of 3.58 and a beta of 1.27. EOG Resources, Inc. has a fifty-two week low of $115.40 and a fifty-two week high of $139.67.

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, beating the consensus estimate of $2.55 by $0.19. The business had revenue of $5.59 billion for the quarter, compared to the consensus estimate of $5.96 billion. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. On average, equities research analysts forecast that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Announces Dividend

The company also recently declared 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. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date of this dividend is Wednesday, April 16th. EOG Resources’s payout ratio is 34.73%.

EOG Resources declared that its board has authorized a stock buyback program 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 repurchase up to 7% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

Several analysts have recently weighed in on EOG shares. Benchmark reiterated a “hold” rating on shares of EOG Resources in a research note on Monday, January 13th. Truist Financial lifted their price objective on shares of EOG Resources from $135.00 to $137.00 and gave the company a “hold” rating in a research note on Monday, January 13th. Morgan Stanley decreased their price target on shares of EOG Resources from $143.00 to $142.00 and set an “equal weight” rating for the company in a research note on Monday. Bank of America restated a “neutral” rating and set a $144.00 price target (down previously from $151.00) on shares of EOG Resources in a research note on Monday, January 13th. Finally, Wolfe Research upgraded shares of 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. Twelve analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $145.80.

Insider Transactions at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $120.89, for a total value of $483,560.00. Following the transaction, the chief operating officer now directly owns 42,703 shares in the company, valued at approximately $5,162,365.67. This represents a 8.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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.