Avior Wealth Management LLC Cuts Stock Holdings in EOG Resources, Inc. (NYSE:EOG)

Avior Wealth Management LLC cut its position in shares of EOG Resources, Inc. (NYSE:EOG) by 2.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,069 shares of the energy exploration company’s stock after selling 290 shares during the period. Avior Wealth Management LLC’s holdings in EOG Resources were worth $1,479,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Northwest Investment Counselors LLC purchased a new stake in shares of EOG Resources during the 3rd quarter worth about $26,000. Decker Retirement Planning Inc. purchased a new position in EOG Resources during the fourth quarter worth approximately $27,000. Eastern Bank acquired a new stake in EOG Resources in the third quarter valued at approximately $28,000. Capital Performance Advisors LLP purchased a new stake in shares of EOG Resources in the third quarter valued at approximately $31,000. Finally, HM Payson & Co. raised its stake in shares of EOG Resources by 203.7% during the 3rd quarter. HM Payson & Co. now owns 328 shares of the energy exploration company’s stock worth $40,000 after buying an additional 220 shares during the period. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Stock Down 0.1 %

EOG stock opened at $133.91 on Friday. EOG Resources, Inc. has a one year low of $108.94 and a one year high of $139.67. The firm has a market cap of $75.32 billion, a PE ratio of 10.78, a PEG ratio of 3.76 and a beta of 1.29. The firm’s 50 day moving average price is $129.09 and its 200-day moving average price is $127.27. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31.

EOG Resources (NYSE:EOG) last posted its earnings results on Thursday, November 7th. The energy exploration company reported $2.89 EPS for the quarter, beating analysts’ consensus estimates of $2.73 by $0.16. The company had revenue of $5.97 billion for the quarter, compared to the consensus estimate of $6.03 billion. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. During the same quarter in the previous year, the business earned $3.44 earnings per share. On average, equities research analysts anticipate that EOG Resources, Inc. will post 11.45 EPS for the current year.

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

EOG Resources Increases Dividend

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

Insider Buying and Selling at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the business’s stock in a transaction dated Tuesday, December 31st. The shares were 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 in the company, valued at $5,162,365.67. This represents a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction 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 approximately $5,891,185.56. The trade was a 1.29 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.30% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Scotiabank dropped their price target on shares of EOG Resources from $150.00 to $140.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 10th. Evercore ISI cut their target price on shares of EOG Resources from $150.00 to $145.00 and set an “outperform” rating for the company in a research note on Monday, September 30th. KeyCorp decreased their price target on shares of EOG Resources from $157.00 to $150.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. Raymond James boosted their price objective on EOG Resources from $167.00 to $175.00 and gave the stock a “strong-buy” rating in a research note on Thursday. Finally, Bank of America restated a “neutral” rating and issued a $144.00 target price (down previously from $151.00) on shares of EOG Resources in a research report on Monday, January 13th. Thirteen analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, EOG Resources presently has a consensus rating of “Hold” and a consensus target price of $143.86.

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.