Diversified Trust Co trimmed its holdings in EOG Resources, Inc. (NYSE:EOG – Free Report) by 40.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,717 shares of the energy exploration company’s stock after selling 3,856 shares during the period. Diversified Trust Co’s holdings in EOG Resources were worth $701,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in EOG. Northwest Investment Counselors LLC bought a new position in EOG Resources in the 3rd quarter worth about $26,000. Eastern Bank purchased a new stake in shares of EOG Resources in the 3rd quarter worth about $28,000. Capital Performance Advisors LLP bought a new position in EOG Resources during the 3rd quarter valued at approximately $31,000. HM Payson & Co. boosted its holdings 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 purchasing an additional 220 shares during the last quarter. Finally, Matrix Trust Co purchased a new position in shares of EOG Resources in the third quarter worth approximately $43,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.
Wall Street Analyst Weigh In
EOG has been the topic of several recent analyst reports. KeyCorp decreased their target price on EOG Resources from $157.00 to $150.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. Truist Financial raised their target price on shares of EOG Resources from $115.00 to $135.00 and gave the stock a “hold” rating in a research report on Tuesday, November 12th. Morgan Stanley lowered their price target 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. Royal Bank of Canada restated a “sector perform” rating and issued a $150.00 target price on shares of EOG Resources in a research note on Monday. Finally, Wolfe Research raised shares of EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 price objective for the company in a research report on Friday, January 3rd. Thirteen equities 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 data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $143.71.
EOG Resources Trading Up 0.6 %
Shares of NYSE EOG opened at $128.31 on Friday. The firm has a market capitalization of $72.17 billion, a PE ratio of 10.33, a PEG ratio of 3.37 and a beta of 1.29. The business has a 50-day moving average price of $127.76 and a two-hundred day moving average price of $126.64. EOG Resources, Inc. has a one year low of $108.94 and a one year high of $139.67. 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 Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be issued a $0.975 dividend. This is a boost 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 annualized dividend and a yield of 3.04%. EOG Resources’s dividend payout ratio is 29.31%.
EOG Resources declared that its board has authorized a stock buyback program on Thursday, November 7th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the energy exploration company to reacquire up to 7% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s leadership believes its shares are undervalued.
Insider Buying and Selling
In other EOG Resources news, Director Janet F. Clark sold 568 shares of EOG Resources stock in a transaction 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 sale, the director now owns 43,532 shares of the company’s stock, valued at approximately $5,891,185.56. The trade was a 1.29 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources 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 transaction, the chief operating officer now directly owns 42,703 shares in the company, valued at $5,162,365.67. The trade was a 8.56 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.30% of the company’s stock.
About EOG Resources
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.
Recommended Stories
- Five stocks we like better than EOG Resources
- Pros And Cons Of Monthly Dividend Stocks
- MercadoLibre: Latin America’s Digital Titan Just Got Cheaper
- 5 Top Rated Dividend Stocks to Consider
- Breaking Down Pegasystems, A Wedbush Top AI Pick for 2025
- 3 Warren Buffett Stocks to Buy Now
- Shutterstock and Getty: A $3.7 Billion Visual Content Giant
Want to see what other hedge funds are holding EOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for EOG Resources, Inc. (NYSE:EOG – Free Report).
Receive News & Ratings for EOG Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EOG Resources and related companies with MarketBeat.com's FREE daily email newsletter.