EOG Resources, Inc. (NYSE:EOG) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its holdings in EOG Resources, Inc. (NYSE:EOG) by 4.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 18,192,314 shares of the energy exploration company’s stock after buying an additional 781,282 shares during the period. Charles Schwab Investment Management Inc.’s holdings in EOG Resources were worth $2,230,014,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in EOG. Financial Life Planners acquired a new stake in EOG Resources in the 4th quarter worth about $25,000. Y.D. More Investments Ltd lifted its stake in shares of 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. Decker Retirement Planning Inc. acquired a new position in shares of EOG Resources in the 4th quarter valued at about $27,000. Keystone Financial Group Inc. acquired a new position in shares of EOG Resources in the 4th quarter valued at about $27,000. Finally, Capital Performance Advisors LLP acquired a new position in shares of EOG Resources in the 3rd quarter valued at about $31,000. 89.91% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Raymond James lifted their price objective on EOG Resources from $167.00 to $175.00 and gave the company a “strong-buy” rating in a research note on Thursday, January 23rd. Bank of America reaffirmed a “neutral” rating and issued a $144.00 price objective (down from $151.00) on shares of EOG Resources in a research note on Monday, January 13th. Barclays reduced their price objective on EOG Resources from $148.00 to $146.00 and set an “equal weight” rating on the stock in a research note on Friday. Royal Bank of Canada raised EOG Resources from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from $150.00 to $155.00 in a research note on Wednesday, February 12th. Finally, Mizuho reduced their price objective on EOG Resources from $156.00 to $148.00 and set an “outperform” rating on the stock in a research note on Monday, December 16th. Twelve 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 stock. According to MarketBeat.com, EOG Resources presently has a consensus rating of “Moderate Buy” and a consensus target price of $145.80.

EOG Resources Price Performance

EOG stock opened at $120.28 on Tuesday. 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 $115.40 and a 52-week high of $139.67. The stock’s 50 day moving average is $129.31 and its two-hundred day moving average is $127.85. The company has a market capitalization of $67.65 billion, a PE ratio of 9.68, a P/E/G ratio of 3.58 and a beta of 1.27.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Friday, February 28th. The energy exploration company reported $2.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.55 by $0.19. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. The company had revenue of $5.59 billion for the quarter, compared to the consensus estimate of $5.96 billion. Analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be given a $0.975 dividend. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $3.90 annualized dividend and a dividend yield of 3.24%. EOG Resources’s payout ratio is 34.73%.

EOG Resources declared that its Board of Directors has approved a stock repurchase program on Thursday, November 7th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the energy exploration company to buy up to 7% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its shares are undervalued.

Insider Transactions at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $120.89, for a total value of $483,560.00. Following the completion of the transaction, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.30% of the company’s stock.

EOG Resources Company Profile

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.