Y Intercept Hong Kong Ltd Takes $516,000 Position in EOG Resources, Inc. (NYSE:EOG)

Y Intercept Hong Kong Ltd bought a new position in shares of EOG Resources, Inc. (NYSE:EOG) during the third quarter, HoldingsChannel reports. The institutional investor bought 4,200 shares of the energy exploration company’s stock, valued at approximately $516,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Northwest Investment Counselors LLC bought a new position in shares of EOG Resources during the 3rd quarter valued at about $26,000. MFA Wealth Advisors LLC acquired a new stake in EOG Resources during the second quarter valued at approximately $28,000. Eastern Bank bought a new stake in EOG Resources during the third quarter worth approximately $28,000. Capital Performance Advisors LLP bought a new stake in EOG Resources during the third quarter worth approximately $31,000. Finally, HM Payson & Co. grew its position in EOG Resources by 203.7% in the third quarter. HM Payson & Co. now owns 328 shares of the energy exploration company’s stock worth $40,000 after buying an additional 220 shares during the last quarter. 89.91% of the stock is currently owned by institutional investors.

Insider Transactions at EOG Resources

In related news, Director Janet F. Clark sold 568 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $135.33, for a total value of $76,867.44. Following the transaction, the director now owns 43,532 shares in the company, valued at approximately $5,891,185.56. This represents a 1.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.30% of the company’s stock.

Analysts Set New Price Targets

EOG has been the subject of several research reports. Citigroup raised their price objective on EOG Resources from $127.00 to $134.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 26th. Piper Sandler downgraded EOG Resources from an “overweight” rating to a “neutral” rating and upped their target price for the company from $147.00 to $149.00 in a report on Monday, November 18th. Morgan Stanley dropped their price target on EOG Resources from $134.00 to $132.00 and set an “equal weight” rating on the stock in a research note on Monday, September 16th. Wells Fargo & Company upped their price objective on shares of EOG Resources from $135.00 to $147.00 and gave the company an “equal weight” rating in a research note on Thursday, November 21st. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $145.00 target price on shares of EOG Resources in a research report on Monday, October 14th. Fifteen investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $144.20.

EOG Resources Trading Up 0.2 %

EOG Resources stock opened at $126.77 on Monday. EOG Resources, Inc. has a 12 month low of $108.94 and a 12 month high of $139.67. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. The stock has a market cap of $71.30 billion, a P/E ratio of 10.21, a P/E/G ratio of 3.39 and a beta of 1.29. The company’s fifty day simple moving average is $129.23 and its 200-day simple moving average is $126.43.

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

EOG Resources Increases Dividend

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

EOG Resources Company Profile

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.