Inspire Trust Co. N.A. Acquires 772 Shares of EOG Resources, Inc. (NYSE:EOG)

Inspire Trust Co. N.A. increased its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 11.3% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,600 shares of the energy exploration company’s stock after purchasing an additional 772 shares during the quarter. Inspire Trust Co. N.A.’s holdings in EOG Resources were worth $934,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of EOG. Swedbank AB grew its holdings in shares of EOG Resources by 3,078.4% during the second quarter. Swedbank AB now owns 96,306 shares of the energy exploration company’s stock worth $12,122,000 after buying an additional 93,276 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of EOG Resources by 35.8% in the second quarter. Assenagon Asset Management S.A. now owns 425,265 shares of the energy exploration company’s stock valued at $53,528,000 after purchasing an additional 112,017 shares during the last quarter. Triad Wealth Partners LLC bought a new stake in shares of EOG Resources in the second quarter worth $35,000. Miracle Mile Advisors LLC boosted its holdings in EOG Resources by 14.1% during the second quarter. Miracle Mile Advisors LLC now owns 6,287 shares of the energy exploration company’s stock worth $791,000 after purchasing an additional 777 shares during the last quarter. Finally, Blue Trust Inc. grew its position in EOG Resources by 63.8% in the second quarter. Blue Trust Inc. now owns 8,104 shares of the energy exploration company’s stock valued at $1,036,000 after purchasing an additional 3,157 shares in the last quarter. Institutional investors own 89.91% of the company’s stock.

Insider Activity at EOG Resources

In other EOG Resources news, Director Janet F. Clark sold 568 shares of the company’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $135.33, for a total value of $76,867.44. Following the completion of the transaction, the director now owns 43,532 shares of the company’s stock, valued at $5,891,185.56. This represents a 1.29 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.30% of the stock is owned by insiders.

EOG Resources Price Performance

Shares of EOG stock opened at $126.60 on Friday. The business has a fifty day simple moving average of $129.36 and a 200 day simple moving average of $126.37. The company has a market cap of $71.21 billion, a P/E ratio of 10.19, a P/E/G ratio of 3.39 and a beta of 1.29. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. EOG Resources, Inc. has a twelve month low of $108.94 and a twelve month high of $139.67.

EOG Resources announced that its board 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 purchase up to 7% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

EOG Resources Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be issued a dividend of $0.975 per share. The ex-dividend date is Friday, January 17th. This is a positive change from EOG Resources’s previous quarterly dividend of $0.91. This represents a $3.90 annualized dividend and a dividend yield of 3.08%. EOG Resources’s payout ratio is 29.31%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on EOG shares. Morgan Stanley decreased their price objective on EOG Resources from $134.00 to $132.00 and set an “equal weight” rating for the company in a report on Monday, September 16th. Evercore ISI decreased their target price on shares of EOG Resources from $150.00 to $145.00 and set an “outperform” rating for the company in a research note on Monday, September 30th. Susquehanna dropped their price target on shares of EOG Resources from $159.00 to $158.00 and set a “positive” rating on the stock in a research report on Wednesday, September 4th. Citigroup boosted their price objective on shares of EOG Resources from $127.00 to $134.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 26th. Finally, UBS Group dropped their price objective on EOG Resources from $167.00 to $154.00 and set a “buy” rating on the stock in a research note on Wednesday, September 18th. Fifteen equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $144.20.

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.