United Capital Management of KS Inc. Raises Stock Holdings in EOG Resources, Inc. (NYSE:EOG)

United Capital Management of KS Inc. raised its position in EOG Resources, Inc. (NYSE:EOG) by 4.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 68,306 shares of the energy exploration company’s stock after buying an additional 2,742 shares during the quarter. EOG Resources makes up approximately 1.5% of United Capital Management of KS Inc.’s portfolio, making the stock its 21st biggest position. United Capital Management of KS Inc.’s holdings in EOG Resources were worth $8,373,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Aviso Financial Inc. raised its stake in shares of EOG Resources by 4.3% during the fourth quarter. Aviso Financial Inc. now owns 6,563 shares of the energy exploration company’s stock worth $804,000 after purchasing an additional 273 shares during the last quarter. Madison Investment Advisors LLC purchased a new stake in shares of EOG Resources during the fourth quarter worth approximately $17,404,000. JPL Wealth Management LLC purchased a new stake in shares of EOG Resources during the fourth quarter worth approximately $3,319,000. Impact Capital Partners LLC purchased a new stake in shares of EOG Resources during the fourth quarter worth approximately $648,000. Finally, Erste Asset Management GmbH purchased a new stake in shares of EOG Resources during the fourth quarter worth approximately $990,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Insider Buying and Selling

In related news, COO Jeffrey R. Leitzell sold 4,000 shares of the 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 transaction, the chief operating officer now directly owns 42,703 shares in the company, valued at approximately $5,162,365.67. This represents a 8.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

EOG has been the subject of several analyst reports. Raymond James upped their price target on EOG Resources from $167.00 to $175.00 and gave the stock a “strong-buy” rating in a research note on Thursday, January 23rd. Citigroup cut EOG Resources from a “neutral” rating to a “reduce” rating in a research note on Wednesday, March 5th. Royal Bank of Canada raised EOG Resources from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from $150.00 to $155.00 in a report on Wednesday, February 12th. Williams Trading set a $154.00 price objective on EOG Resources in a report on Wednesday, March 5th. Finally, Benchmark reaffirmed a “hold” rating on shares of EOG Resources in a report on Monday, January 13th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, EOG Resources presently has a consensus rating of “Hold” and an average price target of $145.86.

EOG Resources Stock Up 2.4 %

EOG opened at $124.04 on Friday. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. The firm has a market cap of $68.71 billion, a P/E ratio of 9.99, a PEG ratio of 3.58 and a beta of 1.25. EOG Resources, Inc. has a 52 week low of $115.78 and a 52 week high of $139.67. The business’s fifty day simple moving average is $129.55 and its 200 day simple moving average is $127.62.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Friday, February 28th. The energy exploration company reported $2.74 EPS for the quarter, beating analysts’ consensus estimates of $2.55 by $0.19. The business had revenue of $5.59 billion for the quarter, compared to analyst estimates of $5.96 billion. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. As a group, equities research analysts anticipate that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be given a dividend of $0.975 per share. The ex-dividend date is Wednesday, April 16th. This represents a $3.90 annualized dividend and a yield of 3.14%. EOG Resources’s dividend payout ratio (DPR) is presently 34.73%.

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.