Telos Capital Management Inc. Purchases 68,498 Shares of EOG Resources, Inc. $EOG

Key Points

• Telos Capital Management more than doubled its stake in EOG in Q4, buying 68,498 shares to hold 136,802 shares worth about $14.37 million, representing 1.3% of its portfolio and the firm's 20th largest position.
• EOG Resources is a ~$73 billion upstream energy producer with a P/E near 15, and it pays a quarterly dividend of $1.02 (annualized $4.08) for a yield of roughly 3.0% and a payout ratio of ~44.8%.
• Analysts show mixed views — the consensus is a "Hold" with an average price target of $148.11 — while insiders have sold 18,230 shares (~$2.52 million) in the past three months, leaving insiders owning 0.14% of the stock.

Telos Capital Management Inc. lifted its position in EOG Resources, Inc. (NYSE:EOG - Free Report) by 100.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 136,802 shares of the energy exploration company's stock after acquiring an additional 68,498 shares during the quarter. EOG Resources accounts for 1.3% of Telos Capital Management Inc.'s portfolio, making the stock its 20th largest position. Telos Capital Management Inc.'s holdings in EOG Resources were worth $14,366,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Hemington Wealth Management lifted its holdings in shares of EOG Resources by 7.2% in the 3rd quarter. Hemington Wealth Management now owns 1,383 shares of the energy exploration company's stock worth $155,000 after acquiring an additional 93 shares during the last quarter. Bollard Group LLC lifted its holdings in shares of EOG Resources by 0.8% in the 3rd quarter. Bollard Group LLC now owns 11,747 shares of the energy exploration company's stock worth $1,317,000 after acquiring an additional 93 shares during the last quarter. apricus wealth LLC lifted its holdings in shares of EOG Resources by 5.0% in the 3rd quarter. apricus wealth LLC now owns 2,002 shares of the energy exploration company's stock worth $224,000 after acquiring an additional 95 shares during the last quarter. Sowell Financial Services LLC lifted its holdings in shares of EOG Resources by 1.6% in the 3rd quarter. Sowell Financial Services LLC now owns 6,234 shares of the energy exploration company's stock worth $699,000 after acquiring an additional 96 shares during the last quarter. Finally, Hardy Reed LLC lifted its holdings in shares of EOG Resources by 4.5% in the 3rd quarter. Hardy Reed LLC now owns 2,267 shares of the energy exploration company's stock worth $254,000 after acquiring an additional 97 shares during the last quarter. Institutional investors own 89.91% of the company's stock.

EOG Resources Trading Down 0.2%

NYSE EOG opened at $136.26 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.42 and a current ratio of 1.63. The company has a market capitalization of $73.00 billion, a price-to-earnings ratio of 14.96, a price-to-earnings-growth ratio of 2.85 and a beta of 0.32. The company's 50-day simple moving average is $130.01 and its two-hundred day simple moving average is $115.52. EOG Resources, Inc. has a one year low of $101.59 and a one year high of $151.87.

EOG Resources (NYSE:EOG - Get Free Report) last posted its earnings results on Tuesday, February 24th. The energy exploration company reported $2.27 EPS for the quarter, beating analysts' consensus estimates of $2.20 by $0.07. The business had revenue of $5.64 billion for the quarter, compared to the consensus estimate of $5.36 billion. EOG Resources had a net margin of 22.00% and a return on equity of 18.67%. The company's revenue for the quarter was up .9% on a year-over-year basis. During the same quarter last year, the firm posted $2.74 EPS. Equities analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Thursday, April 16th will be given a dividend of $1.02 per share. The ex-dividend date of this dividend is Thursday, April 16th. This represents a $4.08 dividend on an annualized basis and a yield of 3.0%. EOG Resources's dividend payout ratio (DPR) is 44.79%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on EOG shares. Sanford C. Bernstein reaffirmed a "market perform" rating and issued a $126.00 price target (down from $144.00) on shares of EOG Resources in a research note on Monday, January 5th. Wolfe Research raised their price target on shares of EOG Resources from $152.00 to $154.00 and gave the stock an "outperform" rating in a research note on Monday, April 6th. Barclays raised their price target on shares of EOG Resources from $133.00 to $140.00 and gave the stock an "equal weight" rating in a research note on Monday, March 16th. Citigroup raised their price target on shares of EOG Resources from $115.00 to $150.00 and gave the stock a "neutral" rating in a research note on Monday, March 30th. Finally, Royal Bank Of Canada raised their price target on shares of EOG Resources from $138.00 to $175.00 and gave the stock an "outperform" rating in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eighteen have issued a Hold rating to the stock. According to data from MarketBeat, EOG Resources presently has an average rating of "Hold" and an average price target of $148.11.

Insider Transactions at EOG Resources

In other EOG Resources news, CFO Ann D. Janssen sold 4,161 shares of the firm's stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $140.04, for a total transaction of $582,706.44. Following the transaction, the chief financial officer owned 100,246 shares of the company's stock, valued at approximately $14,038,449.84. This trade represents a 3.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Jeffrey R. Leitzell sold 5,698 shares of the firm's stock in a transaction dated Tuesday, March 31st. The shares were sold at an average price of $150.32, for a total transaction of $856,523.36. Following the transaction, the chief operating officer directly owned 88,045 shares in the company, valued at $13,234,924.40. This trade represents a 6.08% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 18,230 shares of company stock worth $2,522,568 in the last three months. Insiders own 0.14% of the company's stock.

EOG Resources Profile

EOG Resources, Inc NYSE: EOG is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG's core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.

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