Kohmann Bosshard Financial Services LLC Purchases New Position in EOG Resources, Inc. (NYSE:EOG)

Kohmann Bosshard Financial Services LLC purchased a new stake in EOG Resources, Inc. (NYSE:EOG) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 330 shares of the energy exploration company’s stock, valued at approximately $40,000.

Several other large investors have also made changes to their positions in EOG. Stephens Inc. AR grew its stake in shares of EOG Resources by 5.3% in the 3rd quarter. Stephens Inc. AR now owns 5,083 shares of the energy exploration company’s stock valued at $625,000 after buying an additional 258 shares in the last quarter. Clear Creek Financial Management LLC grew its stake in shares of EOG Resources by 4.9% in the 3rd quarter. Clear Creek Financial Management LLC now owns 6,530 shares of the energy exploration company’s stock valued at $803,000 after buying an additional 304 shares in the last quarter. Harbor Capital Advisors Inc. bought a new stake in shares of EOG Resources in the 3rd quarter valued at approximately $47,000. Van ECK Associates Corp grew its stake in shares of EOG Resources by 1.7% in the 3rd quarter. Van ECK Associates Corp now owns 38,231 shares of the energy exploration company’s stock valued at $4,768,000 after buying an additional 654 shares in the last quarter. Finally, Angeles Wealth Management LLC grew its stake in shares of EOG Resources by 10.5% in the 3rd quarter. Angeles Wealth Management LLC now owns 3,412 shares of the energy exploration company’s stock valued at $419,000 after buying an additional 323 shares in the last quarter. Institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Performance

Shares of NYSE EOG opened at $120.28 on Tuesday. The business has a fifty day simple moving average of $129.31 and a 200 day simple moving average of $127.85. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $67.65 billion, a price-to-earnings ratio of 9.68, a PEG ratio of 3.58 and a beta of 1.27. EOG Resources, Inc. has a one year low of $115.40 and a one year high of $139.67.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Friday, February 28th. The energy exploration company reported $2.74 earnings per share for the quarter, beating analysts’ consensus estimates of $2.55 by $0.19. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. The firm had revenue of $5.59 billion for the quarter, compared to analysts’ expectations of $5.96 billion. Sell-side analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be given a $0.975 dividend. This represents a $3.90 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date is Wednesday, April 16th. EOG Resources’s dividend payout ratio (DPR) is 34.73%.

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

Wall Street Analyst Weigh In

Several equities research analysts recently commented on EOG shares. Mizuho lowered their price target on EOG Resources from $156.00 to $148.00 and set an “outperform” rating for the company in a research note on Monday, December 16th. Barclays reduced their target price on EOG Resources from $148.00 to $146.00 and set an “equal weight” rating for the company in a report on Friday. Wells Fargo & Company upgraded EOG Resources from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $147.00 to $150.00 in a report on Tuesday, December 17th. Benchmark restated a “hold” rating on shares of EOG Resources in a report on Monday, January 13th. Finally, Piper Sandler boosted their target price on EOG Resources from $140.00 to $141.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Twelve analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, EOG Resources currently has a consensus rating of “Moderate Buy” and an average price target of $145.80.

Insider Buying and Selling at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $120.89, for a total transaction 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 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 is accessible through this link. Company insiders own 0.30% of the company’s stock.

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.