YHB Investment Advisors Inc. Takes Position in EOG Resources Inc (EOG)

YHB Investment Advisors Inc. purchased a new stake in shares of EOG Resources Inc (NYSE:EOG) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,970 shares of the energy exploration company’s stock, valued at approximately $521,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Cornerstone Advisors Inc. lifted its stake in shares of EOG Resources by 41.2% during the third quarter. Cornerstone Advisors Inc. now owns 490 shares of the energy exploration company’s stock valued at $63,000 after acquiring an additional 143 shares during the period. Moody National Bank Trust Division lifted its stake in EOG Resources by 0.5% in the fourth quarter. Moody National Bank Trust Division now owns 82,144 shares of the energy exploration company’s stock valued at $7,163,000 after buying an additional 369 shares during the period. Bainco International Investors lifted its stake in EOG Resources by 0.5% in the second quarter. Bainco International Investors now owns 84,702 shares of the energy exploration company’s stock valued at $10,539,000 after buying an additional 438 shares during the period. Oregon Public Employees Retirement Fund lifted its stake in EOG Resources by 0.8% in the third quarter. Oregon Public Employees Retirement Fund now owns 63,469 shares of the energy exploration company’s stock valued at $8,097,000 after buying an additional 490 shares during the period. Finally, Citizens Financial Group Inc RI lifted its stake in EOG Resources by 37.7% in the third quarter. Citizens Financial Group Inc RI now owns 1,828 shares of the energy exploration company’s stock valued at $233,000 after buying an additional 500 shares during the period. 85.53% of the stock is currently owned by institutional investors and hedge funds.

NYSE:EOG opened at $96.87 on Friday. The company has a quick ratio of 0.92, a current ratio of 1.09 and a debt-to-equity ratio of 0.28. The stock has a market cap of $57.52 billion, a P/E ratio of 86.49, a PEG ratio of 1.18 and a beta of 1.27. EOG Resources Inc has a 52-week low of $82.04 and a 52-week high of $133.53.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Friday, November 2nd. The energy exploration company reported $1.75 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.56 by $0.19. The business had revenue of $4.78 billion during the quarter, compared to the consensus estimate of $4.20 billion. EOG Resources had a return on equity of 16.79% and a net margin of 30.90%. EOG Resources’s quarterly revenue was up 80.8% on a year-over-year basis. During the same period last year, the company earned $0.19 earnings per share. On average, research analysts predict that EOG Resources Inc will post 5.85 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 31st. Investors of record on Thursday, January 17th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Wednesday, January 16th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.91%. EOG Resources’s payout ratio is presently 78.57%.

Several equities analysts have weighed in on EOG shares. Wells Fargo & Co started coverage on EOG Resources in a research note on Wednesday, October 24th. They issued a “market perform” rating and a $154.00 target price on the stock. ValuEngine lowered EOG Resources from a “buy” rating to a “hold” rating in a research note on Friday, October 26th. Royal Bank of Canada set a $142.00 target price on EOG Resources and gave the company a “hold” rating in a research note on Thursday, September 20th. MKM Partners started coverage on EOG Resources in a research note on Wednesday, December 5th. They issued a “buy” rating and a $133.00 target price on the stock. Finally, JPMorgan Chase & Co. increased their target price on EOG Resources from $118.00 to $120.00 and gave the company a “neutral” rating in a research note on Friday, November 2nd. Nine investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. EOG Resources currently has a consensus rating of “Buy” and an average price target of $133.21.

In related news, Director Frank G. Wisner sold 3,150 shares of the stock in a transaction dated Thursday, December 20th. The stock was sold at an average price of $92.60, for a total transaction of $291,690.00. Following the completion of the transaction, the director now directly owns 116,586 shares in the company, valued at $10,795,863.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Ezra Y. Yacob sold 2,388 shares of the stock in a transaction dated Wednesday, January 9th. The stock was sold at an average price of $98.77, for a total value of $235,862.76. Following the transaction, the executive vice president now owns 45,424 shares of the company’s stock, valued at $4,486,528.48. The disclosure for this sale can be found here. 0.51% of the stock is currently owned by company insiders.

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EOG Resources 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.

Further Reading: Back-End Load

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

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