EOG Resources, Inc. (NYSE:EOG) Shares Sold by Capital Investment Advisors LLC

Capital Investment Advisors LLC lessened its stake in EOG Resources, Inc. (NYSE:EOG) by 5.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,334 shares of the energy exploration company’s stock after selling 3,312 shares during the period. Capital Investment Advisors LLC’s holdings in EOG Resources were worth $6,538,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently added to or reduced their stakes in the company. Northwest Investment Counselors LLC purchased a new position in shares of EOG Resources in the 3rd quarter valued at approximately $26,000. Eastern Bank acquired a new position in shares of EOG Resources during the third quarter worth about $28,000. Capital Performance Advisors LLP purchased a new position in EOG Resources during the third quarter worth about $31,000. HM Payson & Co. lifted 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 valued at $40,000 after purchasing an additional 220 shares during the period. Finally, Matrix Trust Co purchased a new stake in EOG Resources in the 3rd quarter valued at approximately $43,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

Insiders Place Their Bets

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $120.89, for a total transaction of $483,560.00. Following the sale, the chief operating officer now directly owns 42,703 shares in the company, valued at approximately $5,162,365.67. The trade was a 8.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Janet F. Clark sold 568 shares of EOG Resources stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $135.33, for a total transaction of $76,867.44. Following the sale, the director now owns 43,532 shares in the company, valued at approximately $5,891,185.56. This trade represents a 1.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.30% of the company’s stock.

EOG Resources Trading Up 2.6 %

NYSE EOG traded up $3.43 on Monday, hitting $134.84. 1,557,998 shares of the company were exchanged, compared to its average volume of 2,939,749. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. EOG Resources, Inc. has a twelve month low of $108.94 and a twelve month high of $139.67. The firm has a market capitalization of $75.84 billion, a P/E ratio of 10.86, a price-to-earnings-growth ratio of 3.37 and a beta of 1.29. The company’s 50 day moving average price is $127.97 and its 200-day moving average price is $126.70.

EOG Resources announced that its Board of Directors has authorized a share repurchase plan on Thursday, November 7th that authorizes the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization authorizes the energy exploration company to repurchase up to 7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

EOG Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be paid a $0.975 dividend. This is a positive change from EOG Resources’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Friday, January 17th. This represents a $3.90 dividend on an annualized basis and a yield of 2.89%. EOG Resources’s dividend payout ratio (DPR) is currently 31.40%.

Wall Street Analysts Forecast Growth

EOG has been the topic of a number of analyst reports. Piper Sandler decreased their price target on EOG Resources from $149.00 to $140.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 17th. Wells Fargo & Company raised shares of EOG Resources from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $147.00 to $150.00 in a report on Tuesday, December 17th. Wolfe Research upgraded shares of EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 price target for the company in a research report on Friday, January 3rd. Scotiabank dropped their price objective on EOG Resources from $150.00 to $140.00 and set a “sector perform” rating for the company in a research note on Thursday, October 10th. Finally, StockNews.com upgraded EOG Resources from a “hold” rating to a “buy” rating in a research report on Saturday. Thirteen research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $143.48.

EOG Resources 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.