Versor Investments LP Invests $381,000 in EOG Resources, Inc. (NYSE:EOG)

Versor Investments LP purchased a new stake in shares of EOG Resources, Inc. (NYSE:EOG) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 3,100 shares of the energy exploration company’s stock, valued at approximately $381,000.

Other hedge funds also recently added to or reduced their stakes in the company. Northwest Investment Counselors LLC bought a new position in EOG Resources during the 3rd quarter valued at about $26,000. Riverview Trust Co bought a new position in EOG Resources during the 2nd quarter valued at about $27,000. MFA Wealth Advisors LLC bought a new position in EOG Resources during the 2nd quarter valued at about $28,000. Eastern Bank bought a new position in EOG Resources during the 3rd quarter valued at about $28,000. Finally, Gladius Capital Management LP bought a new position in EOG Resources during the 2nd quarter valued at about $30,000. 89.91% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

EOG has been the subject of several research reports. Morgan Stanley lowered their price objective on shares of EOG Resources from $134.00 to $132.00 and set an “equal weight” rating for the company in a research report on Monday, September 16th. Truist Financial boosted their price objective on shares of EOG Resources from $115.00 to $135.00 and gave the company a “hold” rating in a research report on Tuesday. Piper Sandler lowered their price objective on shares of EOG Resources from $154.00 to $147.00 and set an “overweight” rating for the company in a research report on Thursday, August 15th. Susquehanna lowered their price objective on shares of EOG Resources from $159.00 to $158.00 and set a “positive” rating for the company in a research report on Wednesday, September 4th. Finally, Scotiabank lowered their price objective on shares of EOG Resources from $150.00 to $140.00 and set a “sector perform” rating for the company in a research report on Thursday, October 10th. Thirteen research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $142.20.

Insider Buying and Selling at EOG Resources

In other EOG Resources news, Director Charles R. Crisp sold 6,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $125.60, for a total transaction of $816,400.00. Following the transaction, the director now owns 60,892 shares in the company, valued at approximately $7,648,035.20. This represents a 9.65 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Michael P. Donaldson sold 11,037 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $129.50, for a total transaction of $1,429,291.50. Following the transaction, the executive vice president now owns 74,250 shares in the company, valued at $9,615,375. The trade was a 12.94 % decrease in their position. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by company insiders.

EOG Resources Trading Up 0.6 %

Shares of EOG Resources stock opened at $135.19 on Friday. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. EOG Resources, Inc. has a 12-month low of $108.94 and a 12-month high of $139.67. The firm has a market capitalization of $76.04 billion, a price-to-earnings ratio of 10.82, a PEG ratio of 3.53 and a beta of 1.28. The firm’s 50 day simple moving average is $125.70 and its two-hundred day simple moving average is $125.98.

EOG Resources Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be paid a dividend of $0.975 per share. 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 2.88%. EOG Resources’s dividend payout ratio is presently 29.31%.

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

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.