Waycross Partners LLC Boosts Stake in EOG Resources, Inc. $EOG

Waycross Partners LLC raised its holdings in EOG Resources, Inc. (NYSE:EOG) by 3.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 136,996 shares of the energy exploration company’s stock after acquiring an additional 4,817 shares during the quarter. EOG Resources accounts for approximately 1.2% of Waycross Partners LLC’s investment portfolio, making the stock its 29th largest holding. Waycross Partners LLC’s holdings in EOG Resources were worth $14,386,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Hemington Wealth Management grew its holdings in shares of EOG Resources by 7.2% during the third quarter. Hemington Wealth Management now owns 1,383 shares of the energy exploration company’s stock worth $155,000 after purchasing an additional 93 shares in the last quarter. Bollard Group LLC raised its stake in EOG Resources by 0.8% in the third quarter. Bollard Group LLC now owns 11,747 shares of the energy exploration company’s stock valued at $1,317,000 after purchasing an additional 93 shares in the last quarter. apricus wealth LLC raised its stake in EOG Resources by 5.0% in the third quarter. apricus wealth LLC now owns 2,002 shares of the energy exploration company’s stock valued at $224,000 after purchasing an additional 95 shares in the last quarter. Sowell Financial Services LLC lifted its position in EOG Resources by 1.6% during the third quarter. Sowell Financial Services LLC now owns 6,234 shares of the energy exploration company’s stock valued at $699,000 after purchasing an additional 96 shares during the last quarter. Finally, Hardy Reed LLC grew its stake in EOG Resources by 4.5% in the 3rd quarter. Hardy Reed LLC now owns 2,267 shares of the energy exploration company’s stock worth $254,000 after buying an additional 97 shares in the last quarter. Institutional investors own 89.91% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. BMO Capital Markets increased their price target on shares of EOG Resources from $120.00 to $140.00 and gave the stock an “outperform” rating in a report on Tuesday, March 3rd. UBS Group upped their target price on shares of EOG Resources from $141.00 to $149.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. KeyCorp cut EOG Resources from an “overweight” rating to a “sector weight” rating in a research note on Friday, January 16th. Morgan Stanley raised their price target on EOG Resources from $128.00 to $155.00 and gave the company an “equal weight” rating in a research report on Friday. Finally, Wolfe Research lifted their price target on EOG Resources from $140.00 to $152.00 in a research note on Monday, March 9th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eighteen have issued a Hold rating to the stock. Based on data from MarketBeat, EOG Resources presently has a consensus rating of “Hold” and an average price target of $139.52.

EOG Resources Stock Performance

EOG Resources stock opened at $149.63 on Friday. The company has a quick ratio of 1.42, a current ratio of 1.63 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $80.27 billion, a PE ratio of 16.42, a P/E/G ratio of 3.59 and a beta of 0.44. The firm has a fifty day simple moving average of $123.33 and a two-hundred day simple moving average of $113.89. EOG Resources, Inc. has a twelve month low of $101.59 and a twelve month high of $150.10.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Tuesday, February 24th. The energy exploration company reported $2.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.20 by $0.07. The firm had revenue of $5.64 billion for the quarter, compared to analysts’ expectations of $5.36 billion. EOG Resources had a return on equity of 18.67% and a net margin of 22.00%.The company’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period last year, the firm earned $2.74 earnings per share. Research analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Thursday, April 16th will be given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 2.7%. The ex-dividend date is Thursday, April 16th. EOG Resources’s dividend payout ratio (DPR) is presently 44.79%.

Insider Activity at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 2,000 shares of EOG Resources stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $125.00, for a total value of $250,000.00. Following the transaction, the chief operating officer directly owned 61,481 shares of the company’s stock, valued at $7,685,125. The trade was a 3.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Ann D. Janssen sold 4,161 shares of the business’s stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $140.04, for a total value of $582,706.44. Following the completion of the sale, the chief financial officer owned 100,246 shares of the company’s stock, valued at $14,038,449.84. The trade was a 3.99% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 14,532 shares of company stock worth $1,877,405. 0.13% of the stock is owned by corporate insiders.

EOG Resources Profile

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.