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

Sippican Capital Advisors raised its position in EOG Resources Inc (NYSE:EOG) by 7.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 13,803 shares of the energy exploration company’s stock after purchasing an additional 945 shares during the period. EOG Resources makes up 1.5% of Sippican Capital Advisors’ portfolio, making the stock its 26th biggest position. Sippican Capital Advisors’ holdings in EOG Resources were worth $1,489,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Baker Ellis Asset Management LLC purchased a new position in shares of EOG Resources during the third quarter worth approximately $101,000. Chicago Partners Investment Group LLC increased its position in shares of EOG Resources by 178.0% during the third quarter. Chicago Partners Investment Group LLC now owns 1,112 shares of the energy exploration company’s stock worth $108,000 after acquiring an additional 712 shares during the period. Fis Group Inc. purchased a new position in shares of EOG Resources during the third quarter worth approximately $130,000. Quantbot Technologies LP purchased a new position in shares of EOG Resources during the third quarter worth approximately $153,000. Finally, Zions Bancorporation increased its position in shares of EOG Resources by 5,268.6% during the third quarter. Zions Bancorporation now owns 1,879 shares of the energy exploration company’s stock worth $182,000 after acquiring an additional 1,844 shares during the period. 85.28% of the stock is currently owned by institutional investors.

A number of equities analysts have recently commented on EOG shares. Morgan Stanley set a $116.00 target price on shares of EOG Resources and gave the stock a “buy” rating in a research report on Wednesday, October 18th. Robert W. Baird set a $114.00 target price on shares of EOG Resources and gave the stock a “buy” rating in a research report on Thursday, October 12th. Stifel Nicolaus set a $106.00 target price on shares of EOG Resources and gave the stock a “buy” rating in a research report on Thursday, October 5th. BMO Capital Markets set a $105.00 target price on shares of EOG Resources and gave the stock a “buy” rating in a research report on Tuesday, October 10th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and set a $106.00 target price on shares of EOG Resources in a research report on Wednesday, November 22nd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twenty have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $114.50.

In other EOG Resources news, EVP David W. Trice sold 3,114 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $106.65, for a total value of $332,108.10. Following the completion of the sale, the executive vice president now directly owns 80,415 shares in the company, valued at $8,576,259.75. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Timothy K. Driggers sold 8,871 shares of the firm’s stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $105.45, for a total transaction of $935,446.95. Following the completion of the sale, the chief financial officer now owns 185,157 shares of the company’s stock, valued at $19,524,805.65. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 189,048 shares of company stock valued at $8,189,473. 0.53% of the stock is owned by insiders.

Shares of EOG Resources Inc (NYSE:EOG) traded up $0.62 during mid-day trading on Wednesday, reaching $114.01. 1,162,731 shares of the company traded hands, compared to its average volume of 2,863,300. The stock has a market capitalization of $65,760.00, a price-to-earnings ratio of 11,401.00, a price-to-earnings-growth ratio of 4.93 and a beta of 0.98. The company has a current ratio of 1.27, a quick ratio of 1.11 and a debt-to-equity ratio of 0.46. EOG Resources Inc has a 12 month low of $81.99 and a 12 month high of $116.47.

EOG Resources (NYSE:EOG) last announced its earnings results on Thursday, November 2nd. The energy exploration company reported $0.19 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.07. The company had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.59 billion. EOG Resources had a net margin of 0.10% and a return on equity of 1.73%. EOG Resources’s revenue was up 24.8% compared to the same quarter last year. During the same period last year, the firm earned ($0.40) earnings per share. analysts anticipate that EOG Resources Inc will post 0.89 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 17th will be paid a $0.1675 dividend. The ex-dividend date is Tuesday, January 16th. This represents a $0.67 annualized dividend and a yield of 0.59%. EOG Resources’s dividend payout ratio (DPR) is 6,700.00%.

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About EOG Resources

EOG Resources, Inc explores for, develops, produces and markets crude oil and natural gas in major producing basins in the United States, The Republic of Trinidad and Tobago, the United Kingdom, The People’s Republic of China, Canada and, from time to time, select other international areas. Its operations are all crude oil and natural gas exploration and production related.

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

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