Change Path LLC Purchases New Position in EOG Resources Inc (EOG)
Change Path LLC purchased a new stake in EOG Resources Inc (NYSE:EOG) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 3,515 shares of the energy exploration company’s stock, valued at approximately $307,000.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Cornerstone Advisors Inc. lifted its position in shares of EOG Resources by 41.2% in the 3rd quarter. Cornerstone Advisors Inc. now owns 490 shares of the energy exploration company’s stock worth $63,000 after purchasing an additional 143 shares during the period. Athena Capital Advisors LLC acquired a new position in shares of EOG Resources in the 4th quarter worth approximately $46,000. Legacy Financial Advisors Inc. lifted its position in shares of EOG Resources by 108.3% in the 4th quarter. Legacy Financial Advisors Inc. now owns 552 shares of the energy exploration company’s stock worth $48,000 after purchasing an additional 287 shares during the period. Proficio Capital Partners LLC lifted its position in shares of EOG Resources by 30.8% in the 4th quarter. Proficio Capital Partners LLC now owns 565 shares of the energy exploration company’s stock worth $49,000 after purchasing an additional 133 shares during the period. Finally, Enlightenment Research LLC acquired a new position in shares of EOG Resources in the 4th quarter worth approximately $52,000. Institutional investors own 86.96% of the company’s stock.
Shares of EOG stock opened at $88.85 on Friday. The firm has a market cap of $51.54 billion, a price-to-earnings ratio of 16.04, a price-to-earnings-growth ratio of 1.34 and a beta of 1.26. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.36 and a quick ratio of 1.13. EOG Resources Inc has a 12 month low of $82.04 and a 12 month high of $133.53.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 16th will be paid a dividend of $0.22 per share. The ex-dividend date is Monday, April 15th. This represents a $0.88 dividend on an annualized basis and a yield of 0.99%. EOG Resources’s dividend payout ratio (DPR) is presently 15.88%.
EOG has been the topic of a number of recent analyst reports. Credit Suisse Group upgraded shares of EOG Resources from a “neutral” rating to an “outperform” rating and set a $128.00 price target on the stock in a research report on Friday, November 16th. ValuEngine upgraded shares of EOG Resources from a “sell” rating to a “hold” rating in a research note on Tuesday, November 20th. Morgan Stanley lowered their price objective on shares of EOG Resources from $133.00 to $118.00 and set a “hold” rating for the company in a research note on Tuesday, November 20th. Zacks Investment Research lowered shares of EOG Resources from a “buy” rating to a “hold” rating in a research note on Thursday, November 22nd. Finally, Robert W. Baird reiterated a “buy” rating and issued a $133.00 price objective on shares of EOG Resources in a research note on Monday, December 3rd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and sixteen have given a buy rating to the company. EOG Resources presently has a consensus rating of “Buy” and an average target price of $123.68.
In other EOG Resources news, Director Frank G. Wisner sold 3,150 shares of EOG Resources stock in a transaction on Thursday, December 20th. The shares were sold at an average price of $92.60, for a total transaction of $291,690.00. Following the transaction, the director now directly owns 116,586 shares of the company’s stock, valued at approximately $10,795,863.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Ezra Y. Yacob sold 2,388 shares of EOG Resources stock in a transaction on Wednesday, January 9th. The stock was sold at an average price of $98.77, for a total transaction of $235,862.76. Following the transaction, the executive vice president now directly owns 45,424 shares in the company, valued at $4,486,528.48. The disclosure for this sale can be found here. Insiders have sold a total of 6,834 shares of company stock valued at $640,668 in the last 90 days. 0.51% of the stock is currently owned by company insiders.
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EOG Resources Company Profile
EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil and natural gas. The company's principal producing areas are located in New Mexico, North Dakota, Texas, Utah, and Wyoming in the United States; and the Republic of Trinidad and Tobago, the United Kingdom, the People's Republic of China, and Canada.
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