4,398 Shares in EOG Resources, Inc. $EOG Purchased by Miller Global Investments LLC

Miller Global Investments LLC acquired a new position in EOG Resources, Inc. (NYSE:EOG) in the fourth quarter, Holdings Channel reports. The fund acquired 4,398 shares of the energy exploration company’s stock, valued at approximately $462,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EOG. JCIC Asset Management Inc. purchased a new position in shares of EOG Resources in the 3rd quarter worth approximately $32,000. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of EOG Resources during the second quarter valued at approximately $35,000. Salomon & Ludwin LLC increased its position in shares of EOG Resources by 122.8% during the third quarter. Salomon & Ludwin LLC now owns 323 shares of the energy exploration company’s stock valued at $36,000 after acquiring an additional 178 shares during the last quarter. Mountain Hill Investment Partners Corp. bought a new stake in EOG Resources during the third quarter worth $37,000. Finally, Quent Capital LLC bought a new stake in EOG Resources during the third quarter worth $37,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Price Performance

EOG opened at $138.87 on Friday. The firm has a 50-day moving average price of $118.96 and a 200-day moving average price of $112.97. EOG Resources, Inc. has a twelve month low of $101.59 and a twelve month high of $140.37. 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 $74.50 billion, a price-to-earnings ratio of 15.24, a PEG ratio of 3.72 and a beta of 0.44.

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

EOG Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Thursday, April 16th will be given a dividend of $1.02 per share. The ex-dividend date is Thursday, April 16th. This represents a $4.08 annualized dividend and a dividend yield of 2.9%. EOG Resources’s dividend payout ratio is currently 44.79%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Susquehanna reduced their price objective on EOG Resources from $151.00 to $144.00 and set a “positive” rating for the company in a research note on Thursday, February 26th. The Goldman Sachs Group lowered their target price on EOG Resources from $125.00 to $123.00 and set a “neutral” rating on the stock in a research note on Thursday, January 22nd. Royal Bank Of Canada set a $138.00 price target on shares of EOG Resources and gave the stock an “outperform” rating in a report on Tuesday, January 13th. Morgan Stanley set a $128.00 price target on shares of EOG Resources and gave the company an “equal weight” rating in a research report on Friday, January 23rd. Finally, Johnson Rice decreased their price objective on shares of EOG Resources from $145.00 to $135.00 and set a “hold” rating for the company in a report on Friday, December 5th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seventeen have given a Hold rating to the company. According to MarketBeat, EOG Resources currently has an average rating of “Hold” and an average target price of $138.23.

Insider Buying and Selling at EOG Resources

In other news, CFO Ann D. Janssen sold 2,597 shares of the firm’s stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $134.31, for a total value of $348,803.07. Following the completion of the transaction, the chief financial officer directly owned 100,246 shares of the company’s stock, valued at $13,464,040.26. This trade represents a 2.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Jeffrey R. Leitzell sold 2,000 shares of EOG Resources stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $130.00, for a total value of $260,000.00. Following the completion of the transaction, the chief operating officer owned 88,045 shares of the company’s stock, valued at approximately $11,445,850. This trade represents a 2.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 10,371 shares of company stock worth $1,294,698. Company insiders own 0.13% of the company’s stock.

EOG Resources Company 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.