Columbus Macro LLC Acquires 610 Shares of EOG Resources, Inc. (NYSE:EOG)

Columbus Macro LLC increased its holdings in EOG Resources, Inc. (NYSE:EOG) by 33.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,412 shares of the energy exploration company’s stock after purchasing an additional 610 shares during the period. Columbus Macro LLC’s holdings in EOG Resources were worth $296,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in EOG. Czech National Bank lifted its position in shares of EOG Resources by 5.8% in the third quarter. Czech National Bank now owns 115,848 shares of the energy exploration company’s stock worth $14,241,000 after buying an additional 6,331 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of EOG Resources by 19.6% during the 3rd quarter. GAMMA Investing LLC now owns 8,015 shares of the energy exploration company’s stock worth $985,000 after acquiring an additional 1,316 shares in the last quarter. Diversified Trust Co raised its holdings in shares of EOG Resources by 60.1% during the 3rd quarter. Diversified Trust Co now owns 9,573 shares of the energy exploration company’s stock worth $1,177,000 after acquiring an additional 3,595 shares in the last quarter. Everpar Advisors LLC boosted its position in shares of EOG Resources by 3.6% during the 3rd quarter. Everpar Advisors LLC now owns 2,380 shares of the energy exploration company’s stock valued at $293,000 after acquiring an additional 83 shares during the last quarter. Finally, Miracle Mile Advisors LLC grew its holdings in shares of EOG Resources by 37.8% in the third quarter. Miracle Mile Advisors LLC now owns 8,663 shares of the energy exploration company’s stock valued at $1,065,000 after purchasing an additional 2,376 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on EOG shares. Royal Bank of Canada reiterated a “sector perform” rating and set a $150.00 price objective on shares of EOG Resources in a research report on Monday, January 6th. Piper Sandler lifted their price target on EOG Resources from $140.00 to $141.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. StockNews.com raised EOG Resources from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd. Citigroup raised their price objective on EOG Resources from $127.00 to $134.00 and gave the company a “neutral” rating in a research note on Tuesday, November 26th. Finally, KeyCorp cut their target price on EOG Resources from $157.00 to $150.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. Thirteen investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, EOG Resources presently has an average rating of “Hold” and an average target price of $143.90.

Insider Activity

In other EOG Resources news, Director Janet F. Clark sold 568 shares of EOG Resources 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 transaction, the director now owns 43,532 shares in the company, valued at $5,891,185.56. The trade was a 1.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the 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 of the company’s stock, valued at approximately $5,162,365.67. The trade was a 8.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.20% of the company’s stock.

EOG Resources Stock Up 1.5 %

Shares of NYSE EOG opened at $128.24 on Wednesday. EOG Resources, Inc. has a 52-week low of $108.94 and a 52-week high of $139.67. The firm has a market capitalization of $72.13 billion, a price-to-earnings ratio of 10.33, a PEG ratio of 3.33 and a beta of 1.27. The stock has a 50 day moving average price of $128.26 and a 200 day moving average price of $127.29. 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 issued its earnings results on Thursday, November 7th. The energy exploration company reported $2.89 earnings per share for the quarter, topping the consensus estimate of $2.73 by $0.16. The business had revenue of $5.97 billion during the quarter, compared to analysts’ expectations of $6.03 billion. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. During the same period in the prior year, the business earned $3.44 EPS. Sell-side analysts expect that EOG Resources, Inc. will post 11.46 earnings per share for the current year.

EOG Resources Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 17th were given a dividend of $0.975 per share. This is an increase from EOG Resources’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend was Friday, January 17th. This represents a $3.90 dividend on an annualized basis and a yield of 3.04%. EOG Resources’s dividend payout ratio (DPR) is 31.40%.

EOG Resources announced that its board has approved a share buyback plan on Thursday, November 7th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the energy exploration company to reacquire up to 7% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s leadership believes its stock is 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.