Daymark Wealth Partners LLC Increases Stock Position in EOG Resources, Inc. (NYSE:EOG)

Daymark Wealth Partners LLC lifted its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 23.1% in the fourth quarter, HoldingsChannel reports. The firm owned 13,835 shares of the energy exploration company’s stock after acquiring an additional 2,598 shares during the period. Daymark Wealth Partners LLC’s holdings in EOG Resources were worth $1,696,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of EOG. Charles Schwab Investment Management Inc. increased its position in EOG Resources by 0.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 17,411,032 shares of the energy exploration company’s stock worth $2,140,338,000 after buying an additional 75,194 shares in the last quarter. Geode Capital Management LLC increased its position in EOG Resources by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 12,315,735 shares of the energy exploration company’s stock worth $1,513,446,000 after purchasing an additional 180,755 shares in the last quarter. Ameriprise Financial Inc. raised its stake in EOG Resources by 2.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 12,311,541 shares of the energy exploration company’s stock valued at $1,549,098,000 after purchasing an additional 260,727 shares during the last quarter. Franklin Resources Inc. lifted its holdings in EOG Resources by 64.7% in the 3rd quarter. Franklin Resources Inc. now owns 5,284,228 shares of the energy exploration company’s stock valued at $694,717,000 after purchasing an additional 2,076,134 shares in the last quarter. Finally, Legal & General Group Plc lifted its holdings in EOG Resources by 9.1% in the 2nd quarter. Legal & General Group Plc now owns 4,840,705 shares of the energy exploration company’s stock valued at $609,300,000 after purchasing an additional 403,676 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity 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 transaction of $483,560.00. Following the sale, the chief operating officer now directly owns 42,703 shares of the company’s stock, valued at approximately $5,162,365.67. The trade was a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Janet F. Clark sold 568 shares of the stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $135.33, for a total value of $76,867.44. Following the completion of the transaction, the director now directly owns 43,532 shares of the company’s stock, valued at $5,891,185.56. This represents 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 Trading Down 1.4 %

Shares of EOG opened at $134.07 on Thursday. EOG Resources, Inc. has a 12 month low of $108.94 and a 12 month high of $139.67. The stock’s 50-day moving average is $129.10 and its two-hundred day moving average is $127.22. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. The stock has a market cap of $75.41 billion, a PE ratio of 10.79, a P/E/G ratio of 3.77 and a beta of 1.29.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Thursday, November 7th. The energy exploration company reported $2.89 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $6.03 billion. During the same period in the previous year, the company posted $3.44 EPS. Equities analysts forecast that EOG Resources, Inc. will post 11.45 earnings per share for the current fiscal year.

EOG Resources announced that its board has initiated a stock repurchase 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 usually a sign that the company’s board of directors believes its stock is undervalued.

EOG Resources Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be issued a dividend of $0.975 per share. This represents a $3.90 dividend on an annualized basis and a yield of 2.91%. This is a positive change from EOG Resources’s previous quarterly dividend of $0.91. The ex-dividend date is Friday, January 17th. EOG Resources’s dividend payout ratio (DPR) is presently 31.40%.

Wall Street Analysts Forecast Growth

EOG has been the subject of a number of analyst reports. Raymond James boosted their price objective on shares of EOG Resources from $156.00 to $167.00 and gave the company a “strong-buy” rating in a research report on Thursday, November 21st. Barclays reduced their price target on EOG Resources from $144.00 to $137.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 3rd. Benchmark reaffirmed a “hold” rating on shares of EOG Resources in a research report on Monday, January 13th. Mizuho reduced their target price on EOG Resources from $156.00 to $148.00 and set an “outperform” rating on the stock in a research report on Monday, December 16th. Finally, Wells Fargo & Company upgraded EOG Resources from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $147.00 to $150.00 in a report on Tuesday, December 17th. 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. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $143.48.

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.