Fiduciary Alliance LLC Invests $699,000 in EOG Resources, Inc. (NYSE:EOG)

Fiduciary Alliance LLC acquired a new stake in EOG Resources, Inc. (NYSE:EOG - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 5,706 shares of the energy exploration company's stock, valued at approximately $699,000.

Several other institutional investors have also modified their holdings of the stock. Matrix Trust Co lifted its stake in shares of EOG Resources by 700.6% in the 4th quarter. Matrix Trust Co now owns 2,778 shares of the energy exploration company's stock valued at $341,000 after purchasing an additional 2,431 shares during the last quarter. Czech National Bank raised its holdings in shares of EOG Resources by 5.3% in the fourth quarter. Czech National Bank now owns 121,951 shares of the energy exploration company's stock worth $14,949,000 after buying an additional 6,103 shares during the period. Graypoint LLC raised its holdings in shares of EOG Resources by 13.3% in the fourth quarter. Graypoint LLC now owns 4,579 shares of the energy exploration company's stock worth $561,000 after buying an additional 536 shares during the period. LVM Capital Management Ltd. MI raised its holdings in shares of EOG Resources by 135.1% in the fourth quarter. LVM Capital Management Ltd. MI now owns 81,762 shares of the energy exploration company's stock worth $10,022,000 after buying an additional 46,991 shares during the period. Finally, Watts Gwilliam & Co. LLC raised its holdings in shares of EOG Resources by 227.5% in the fourth quarter. Watts Gwilliam & Co. LLC now owns 5,689 shares of the energy exploration company's stock worth $726,000 after buying an additional 3,952 shares during the period. 89.91% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

EOG has been the topic of several recent analyst reports. Raymond James increased their price target on EOG Resources from $156.00 to $167.00 and gave the stock a "strong-buy" rating in a report on Thursday, November 21st. Truist Financial raised their price objective on EOG Resources from $135.00 to $137.00 and gave the stock a "hold" rating in a report on Monday. Piper Sandler reduced their price objective on EOG Resources from $149.00 to $140.00 and set a "neutral" rating on the stock in a report on Tuesday, December 17th. StockNews.com upgraded EOG Resources from a "hold" rating to a "buy" rating in a report on Saturday. Finally, Bank of America restated a "neutral" rating and set a $144.00 price objective (down from $151.00) on shares of EOG Resources in a report on Monday. Thirteen investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $143.48.

Insiders Place Their Bets

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the company'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 value of $483,560.00. Following the completion of the sale, the chief operating officer now directly owns 42,703 shares in the company, valued at $5,162,365.67. This represents a 8.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 value of $76,867.44. Following the completion of the sale, the director now owns 43,532 shares of the company's stock, valued at $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. 0.30% of the stock is owned by company insiders.

EOG Resources Price Performance

Shares of EOG Resources stock traded up $1.42 on Tuesday, hitting $135.91. The company's stock had a trading volume of 3,223,696 shares, compared to its average volume of 3,507,597. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. EOG Resources, Inc. has a 1 year low of $108.94 and a 1 year high of $139.67. The firm has a fifty day moving average price of $128.21 and a 200-day moving average price of $126.77. The company has a market capitalization of $76.44 billion, a price-to-earnings ratio of 10.94, a price-to-earnings-growth ratio of 3.37 and a beta of 1.29.

EOG Resources Increases Dividend

The company also recently disclosed 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. This represents a $3.90 annualized dividend and a yield of 2.87%. The ex-dividend date is Friday, January 17th. EOG Resources's payout ratio is 31.40%.

EOG Resources declared that its Board of Directors has authorized a stock repurchase program on Thursday, November 7th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the energy exploration company to repurchase up to 7% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board believes its stock is undervalued.

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.