Marion Wealth Management raised its position in EOG Resources, Inc. (NYSE:EOG – Free Report) by 2.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,354 shares of the energy exploration company’s stock after acquiring an additional 343 shares during the quarter. Marion Wealth Management’s holdings in EOG Resources were worth $1,514,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of EOG. Northwest Investment Counselors LLC purchased a new position in shares of EOG Resources in the 3rd quarter valued at about $26,000. Eastern Bank purchased a new stake in EOG Resources during the 3rd quarter worth about $28,000. Capital Performance Advisors LLP purchased a new stake in EOG Resources during the 3rd quarter worth about $31,000. HM Payson & Co. boosted its position in shares of EOG Resources by 203.7% during the 3rd quarter. HM Payson & Co. now owns 328 shares of the energy exploration company’s stock worth $40,000 after acquiring an additional 220 shares in the last quarter. Finally, Matrix Trust Co purchased a new position in shares of EOG Resources in the 3rd quarter valued at about $43,000. 89.91% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on EOG. KeyCorp lowered their price target on EOG Resources from $157.00 to $150.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. UBS Group lowered their target price on shares of EOG Resources from $167.00 to $154.00 and set a “buy” rating for the company in a report on Wednesday, September 18th. Truist Financial lifted their price target on shares of EOG Resources from $135.00 to $137.00 and gave the stock a “hold” rating in a research note on Monday. Morgan Stanley decreased 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 note on Monday, September 16th. Finally, Citigroup raised their price objective on EOG Resources from $127.00 to $134.00 and gave the stock a “neutral” rating in a report on Tuesday, November 26th. Thirteen investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, EOG Resources has a consensus rating of “Hold” and an average target price of $143.48.
EOG Resources Trading Up 2.4 %
NYSE:EOG traded up $3.10 on Monday, reaching $134.51. The stock had a trading volume of 5,522,621 shares, compared to its average volume of 3,547,088. The company has a market cap of $75.66 billion, a price-to-earnings ratio of 10.83, a P/E/G ratio of 3.37 and a beta of 1.29. EOG Resources, Inc. has a 12-month low of $108.94 and a 12-month high of $139.67. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. The firm’s fifty day moving average is $127.97 and its two-hundred day moving average is $126.70.
EOG Resources Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be given a dividend of $0.975 per share. 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 2.90%. This is a positive change from EOG Resources’s previous quarterly dividend of $0.91. EOG Resources’s dividend payout ratio (DPR) is 31.40%.
EOG Resources announced that its board has initiated a share repurchase plan on Thursday, November 7th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the energy exploration company to buy up to 7% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.
Insider Buying and Selling at EOG Resources
In related news, Director Janet F. Clark sold 568 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $135.33, for a total transaction of $76,867.44. Following the completion of the transaction, the director now owns 43,532 shares of the company’s stock, valued at approximately $5,891,185.56. This represents a 1.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the company’s stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $120.89, for a total value of $483,560.00. Following the sale, the chief operating officer now owns 42,703 shares of the company’s stock, valued at approximately $5,162,365.67. The trade was a 8.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by insiders.
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.
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