Pillar Pacific Capital Management LLC raised its holdings in shares of EOG Resources Inc (NYSE:EOG) by 8.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,007 shares of the energy exploration company’s stock after buying an additional 1,950 shares during the quarter. Pillar Pacific Capital Management LLC’s holdings in EOG Resources were worth $2,268,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in EOG. Ackerman Capital Advisors LLC acquired a new position in EOG Resources in the fourth quarter valued at about $1,081,000. Osborne Partners Capital Management LLC lifted its position in shares of EOG Resources by 6.8% during the fourth quarter. Osborne Partners Capital Management LLC now owns 41,487 shares of the energy exploration company’s stock worth $3,618,000 after purchasing an additional 2,650 shares in the last quarter. Heritage Investors Management Corp lifted its position in shares of EOG Resources by 1,241.3% during the fourth quarter. Heritage Investors Management Corp now owns 24,478 shares of the energy exploration company’s stock worth $2,135,000 after purchasing an additional 22,653 shares in the last quarter. Quantamental Technologies LLC acquired a new stake in shares of EOG Resources during the fourth quarter worth about $203,000. Finally, Graves Light Private Wealth Management Inc. acquired a new stake in shares of EOG Resources during the fourth quarter worth about $5,159,000. 86.41% of the stock is owned by institutional investors and hedge funds.
In related news, EVP Ezra Y. Yacob sold 2,388 shares of the 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 completion of the sale, the executive vice president now directly owns 45,424 shares of the company’s stock, valued at $4,486,528.48. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Frank G. Wisner sold 3,150 shares of the stock in a transaction on Thursday, December 20th. The stock was sold at an average price of $92.60, for a total value of $291,690.00. Following the sale, the director now directly owns 116,586 shares of the company’s stock, valued at $10,795,863.60. The disclosure for this sale can be found here. 0.51% of the stock is owned by company insiders.
The business also recently declared a quarterly dividend, which was paid on Thursday, January 31st. Investors of record on Thursday, January 17th were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 0.91%. The ex-dividend date was Wednesday, January 16th. EOG Resources’s dividend payout ratio is presently 78.57%.
EOG has been the topic of a number of recent research reports. Zacks Investment Research lowered shares of EOG Resources from a “buy” rating to a “hold” rating in a research note on Monday, October 22nd. ValuEngine lowered shares of EOG Resources from a “buy” rating to a “hold” rating in a research note on Friday, October 26th. Wells Fargo & Co assumed coverage on shares of EOG Resources in a research note on Wednesday, October 24th. They issued a “market perform” rating and a $154.00 price target on the stock. Morgan Stanley increased their price target on shares of EOG Resources from $132.00 to $133.00 and gave the company a “hold” rating in a research note on Monday, November 5th. Finally, Robert W. Baird reiterated a “buy” rating and issued a $133.00 price target on shares of EOG Resources in a research note on Monday, December 3rd. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $131.04.
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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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