EOG Resources, Inc. (NYSE:EOG) Holdings Trimmed by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC reduced its position in shares of EOG Resources, Inc. (NYSE:EOG) by 4.1% during the 3rd quarter, Holdings Channel.com reports. The firm owned 3,242 shares of the energy exploration company’s stock after selling 140 shares during the period. Prime Capital Investment Advisors LLC’s holdings in EOG Resources were worth $398,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Ashton Thomas Private Wealth LLC lifted its stake in EOG Resources by 2.7% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 21,539 shares of the energy exploration company’s stock worth $2,648,000 after acquiring an additional 573 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of EOG Resources by 3.1% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,417,069 shares of the energy exploration company’s stock valued at $174,200,000 after purchasing an additional 42,819 shares during the period. Baillie Gifford & Co. lifted its position in shares of EOG Resources by 4.3% in the third quarter. Baillie Gifford & Co. now owns 46,099 shares of the energy exploration company’s stock worth $5,667,000 after purchasing an additional 1,891 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in shares of EOG Resources during the third quarter worth approximately $1,242,000. Finally, Apollon Wealth Management LLC increased its stake in EOG Resources by 8.2% in the 3rd quarter. Apollon Wealth Management LLC now owns 25,354 shares of the energy exploration company’s stock valued at $3,117,000 after buying an additional 1,912 shares during the period. Institutional investors and hedge funds own 89.91% of the company’s stock.

Insider Buying and Selling

In other news, Director Charles R. Crisp sold 6,500 shares of the business’s stock in a transaction dated 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. The trade was a 9.65 % decrease in their position. The transaction 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 stock in a transaction dated 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 completion of the sale, the executive vice president now owns 74,250 shares of the company’s stock, valued at approximately $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 insiders.

EOG Resources Stock Performance

EOG opened at $134.56 on Friday. 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’s 50 day moving average price is $126.25 and its two-hundred day moving average price is $126.03. The firm has a market capitalization of $75.68 billion, a P/E ratio of 10.83, a price-to-earnings-growth ratio of 3.56 and a beta of 1.28. EOG Resources, Inc. has a 12-month low of $108.94 and a 12-month high of $139.67.

EOG Resources declared that its Board of Directors has approved a stock repurchase program on Thursday, November 7th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the energy exploration company to purchase up to 7% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

EOG Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be paid a $0.975 dividend. This is an increase from EOG Resources’s previous quarterly dividend of $0.91. The ex-dividend date is Friday, January 17th. This represents a $3.90 annualized dividend and a dividend yield of 2.90%. EOG Resources’s dividend payout ratio (DPR) is presently 29.31%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on EOG shares. StockNews.com lowered shares of EOG Resources from a “buy” rating to a “hold” rating in a research note on Saturday. Susquehanna lowered their target price on EOG Resources from $159.00 to $158.00 and set a “positive” rating on the stock in a research note on Wednesday, September 4th. Barclays cut their price target on EOG Resources from $144.00 to $137.00 and set an “equal weight” rating for the company in a research note on Thursday, October 3rd. Benchmark reissued a “hold” rating on shares of EOG Resources in a research note on Tuesday, November 12th. Finally, Truist Financial raised 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, November 12th. Fourteen analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $142.20.

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.