EOG Resources, Inc. (NYSE:EOG) Shares Acquired by Telos Capital Management Inc.

Telos Capital Management Inc. lifted its position in shares of EOG Resources, Inc. (NYSE:EOG) by 1.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 60,434 shares of the energy exploration company’s stock after buying an additional 1,140 shares during the period. Telos Capital Management Inc.’s holdings in EOG Resources were worth $7,408,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Financial Life Planners acquired a new stake in EOG Resources in the 4th quarter valued at $25,000. Y.D. More Investments Ltd increased its holdings in EOG Resources by 149.4% in the 4th quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company’s stock valued at $25,000 after purchasing an additional 121 shares in the last quarter. Northwest Investment Counselors LLC acquired a new stake in EOG Resources in the 3rd quarter valued at $26,000. Decker Retirement Planning Inc. acquired a new stake in EOG Resources in the 4th quarter valued at $27,000. Finally, Eastern Bank acquired a new stake in EOG Resources in the 3rd quarter valued at $28,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $120.89, for a total value of $483,560.00. Following the sale, the chief operating officer now owns 42,703 shares in the company, valued at approximately $5,162,365.67. This trade represents a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Janet F. Clark sold 568 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $135.33, for a total transaction of $76,867.44. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by corporate insiders.

EOG Resources Stock Performance

Shares of NYSE EOG opened at $126.34 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’s 50-day moving average price is $128.07 and its two-hundred day moving average price is $127.29. EOG Resources, Inc. has a 52-week low of $109.06 and a 52-week high of $139.67. The stock has a market capitalization of $71.06 billion, a P/E ratio of 10.17, a P/E/G ratio of 3.33 and a beta of 1.27.

EOG Resources (NYSE:EOG) last issued its earnings results on Thursday, November 7th. The energy exploration company reported $2.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.73 by $0.16. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The firm had revenue of $5.97 billion for the quarter, compared to analysts’ expectations of $6.03 billion. During the same quarter last year, the company posted $3.44 earnings per share. As a group, sell-side analysts forecast that EOG Resources, Inc. will post 11.46 earnings per share for the current year.

EOG Resources announced that its Board of Directors has approved a stock repurchase plan on Thursday, November 7th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the energy exploration company to reacquire up to 7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Citigroup increased their price target on EOG Resources from $127.00 to $134.00 and gave the company a “neutral” rating in a report on Tuesday, November 26th. Benchmark reissued a “hold” rating on shares of EOG Resources in a research report on Monday, January 13th. Wolfe Research raised shares of EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 price objective for the company in a research report on Friday, January 3rd. Wells Fargo & Company raised shares of EOG Resources from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $147.00 to $150.00 in a research report on Tuesday, December 17th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $150.00 price objective on shares of EOG Resources in a research report on Monday, January 6th. Thirteen investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $143.90.

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.