EOG Resources Inc (EOG) Holdings Increased by Sippican Capital Advisors

Sippican Capital Advisors boosted its stake in shares of EOG Resources Inc (NYSE:EOG) by 3.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,381 shares of the energy exploration company’s stock after buying an additional 645 shares during the period. EOG Resources comprises 2.0% of Sippican Capital Advisors’ investment portfolio, making the stock its 12th largest holding. Sippican Capital Advisors’ holdings in EOG Resources were worth $1,654,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Valeo Financial Advisors LLC increased its holdings in EOG Resources by 76.4% in the first quarter. Valeo Financial Advisors LLC now owns 261 shares of the energy exploration company’s stock worth $25,000 after buying an additional 113 shares during the last quarter. Cornerstone Advisors Inc. boosted its position in EOG Resources by 41.2% during the third 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. Quad Cities Investment Group LLC bought a new stake in EOG Resources during the first quarter worth approximately $48,000. Athena Capital Advisors LLC bought a new stake in EOG Resources during the fourth quarter worth approximately $46,000. Finally, Legacy Financial Advisors Inc. boosted its position in EOG Resources by 108.3% during the fourth 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. Hedge funds and other institutional investors own 87.89% of the company’s stock.

In other EOG Resources news, Director Frank G. Wisner sold 1,296 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $87.28, for a total transaction of $113,114.88. Following the transaction, the director now owns 120,052 shares in the company, valued at $10,478,138.56. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.20% of the stock is currently owned by company insiders.

A number of brokerages have issued reports on EOG. MKM Partners reaffirmed a “neutral” rating and set a $109.00 target price on shares of EOG Resources in a research report on Tuesday. Tudor Pickering raised EOG Resources from a “hold” rating to a “buy” rating in a research report on Thursday, April 4th. Oppenheimer began coverage on EOG Resources in a research report on Wednesday, March 27th. They set an “outperform” rating and a $108.00 target price for the company. Morgan Stanley decreased their target price on EOG Resources from $106.00 to $100.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 27th. Finally, ValuEngine raised EOG Resources from a “sell” rating to a “hold” rating in a research report on Thursday, January 10th. Ten research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $123.00.

EOG Resources stock traded up $0.81 during mid-day trading on Wednesday, hitting $103.16. The stock had a trading volume of 806,894 shares, compared to its average volume of 4,467,238. The stock has a market cap of $59.37 billion, a price-to-earnings ratio of 18.62, a P/E/G ratio of 1.41 and a beta of 1.26. EOG Resources Inc has a 12 month low of $82.04 and a 12 month high of $133.53. The company has a quick ratio of 1.13, a current ratio of 1.36 and a debt-to-equity ratio of 0.27.

EOG Resources (NYSE:EOG) last issued its earnings results on Tuesday, February 26th. The energy exploration company reported $1.24 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.34 by ($0.10). EOG Resources had a return on equity of 17.83% and a net margin of 19.79%. The company had revenue of $4.57 billion for the quarter, compared to the consensus estimate of $4.44 billion. During the same quarter last year, the business posted $0.69 EPS. EOG Resources’s quarterly revenue was up 36.9% on a year-over-year basis. As a group, sell-side analysts expect that EOG Resources Inc will post 4.94 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 16th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date is Monday, April 15th. EOG Resources’s dividend payout ratio (DPR) is currently 15.88%.

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About EOG Resources

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 People's Republic of China, and Canada.

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Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)

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