Fulcrum Capital LLC Acquires 837 Shares of EOG Resources, Inc. (NYSE:EOG)

Fulcrum Capital LLC lifted its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 1.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 44,777 shares of the energy exploration company’s stock after acquiring an additional 837 shares during the quarter. Fulcrum Capital LLC’s holdings in EOG Resources were worth $5,489,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. LPL Financial LLC raised its holdings in EOG Resources by 12.2% in the second quarter. LPL Financial LLC now owns 394,327 shares of the energy exploration company’s stock worth $49,634,000 after purchasing an additional 42,982 shares in the last quarter. Federated Hermes Inc. raised its holdings in EOG Resources by 631.2% in the second quarter. Federated Hermes Inc. now owns 94,590 shares of the energy exploration company’s stock worth $11,906,000 after purchasing an additional 81,654 shares in the last quarter. Parallel Advisors LLC raised its holdings in EOG Resources by 3.3% in the second quarter. Parallel Advisors LLC now owns 5,888 shares of the energy exploration company’s stock worth $741,000 after purchasing an additional 186 shares in the last quarter. Oppenheimer Asset Management Inc. raised its holdings in EOG Resources by 29.8% in the second quarter. Oppenheimer Asset Management Inc. now owns 77,520 shares of the energy exploration company’s stock worth $9,757,000 after purchasing an additional 17,809 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in EOG Resources by 4.3% in the second quarter. Envestnet Asset Management Inc. now owns 2,093,902 shares of the energy exploration company’s stock worth $263,559,000 after purchasing an additional 85,530 shares in the last quarter. Institutional investors own 89.91% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Barclays cut their target price 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. Raymond James increased their target price on EOG Resources from $156.00 to $167.00 and gave the stock a “strong-buy” rating in a research note on Thursday, November 21st. StockNews.com raised EOG Resources from a “hold” rating to a “buy” rating in a research note on Saturday. Benchmark reissued a “hold” rating on shares of EOG Resources in a research note on Monday. Finally, Evercore ISI dropped their price objective on EOG Resources from $150.00 to $145.00 and set an “outperform” rating on the stock in a research report on Monday, September 30th. 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 company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $143.48.

Insider Transactions at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $120.89, for a total value of $483,560.00. Following the transaction, the chief operating officer now owns 42,703 shares of the company’s stock, valued at $5,162,365.67. This trade represents a 8.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Janet F. Clark sold 568 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The stock was 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 in the company, valued at $5,891,185.56. This trade represents a 1.29 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.30% of the company’s stock.

EOG Resources Stock Performance

NYSE:EOG traded up $3.46 on Monday, hitting $134.87. The stock had a trading volume of 3,622,504 shares, compared to its average volume of 3,241,264. The business’s 50-day simple moving average is $127.97 and its two-hundred day simple moving average is $126.70. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. EOG Resources, Inc. has a 52-week low of $108.94 and a 52-week high of $139.67. The stock has a market cap of $75.86 billion, a price-to-earnings ratio of 10.86, a price-to-earnings-growth ratio of 3.37 and a beta of 1.29.

EOG Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be paid a $0.975 dividend. The ex-dividend date of this dividend is Friday, January 17th. This represents a $3.90 annualized dividend and a dividend yield of 2.89%. This is an increase from EOG Resources’s previous quarterly dividend of $0.91. EOG Resources’s dividend payout ratio (DPR) is 31.40%.

EOG Resources announced that its Board of Directors has initiated a stock repurchase plan 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 reacquire up to 7% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s management believes its shares are undervalued.

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.