Brophy Wealth Management LLC Acquires New Shares in EOG Resources, Inc. (NYSE:EOG)

Brophy Wealth Management LLC purchased a new stake in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund purchased 5,714 shares of the energy exploration company's stock, valued at approximately $702,000.

Other hedge funds also recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC raised its stake in EOG Resources by 10.0% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 7,352 shares of the energy exploration company's stock valued at $925,000 after purchasing an additional 670 shares during the last quarter. Diversified Trust Co grew its stake in shares of EOG Resources by 68.7% in the 2nd quarter. Diversified Trust Co now owns 5,978 shares of the energy exploration company's stock valued at $752,000 after buying an additional 2,434 shares during the period. NorthCrest Asset Manangement LLC grew its position in EOG Resources by 1.5% in the second quarter. NorthCrest Asset Manangement LLC now owns 22,196 shares of the energy exploration company's stock worth $2,794,000 after acquiring an additional 327 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in EOG Resources by 86.1% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 211,702 shares of the energy exploration company's stock worth $26,647,000 after acquiring an additional 97,945 shares during the last quarter. Finally, V Square Quantitative Management LLC raised its holdings in EOG Resources by 20.4% in the 2nd quarter. V Square Quantitative Management LLC now owns 1,921 shares of the energy exploration company's stock valued at $242,000 after buying an additional 325 shares during the period. 89.91% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at EOG Resources

In other news, Director Janet F. Clark sold 568 shares of the company's stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $135.33, for a total transaction of $76,867.44. Following the transaction, the director now owns 43,532 shares of the company's stock, valued at $5,891,185.56. This represents a 1.29 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.20% of the stock is currently owned by company insiders.

EOG Resources Stock Performance

Shares of NYSE EOG traded up $0.22 during trading hours on Tuesday, reaching $128.07. 1,647,837 shares of the stock were exchanged, compared to its average volume of 3,110,226. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. The stock's fifty day simple moving average is $129.46 and its 200 day simple moving average is $126.34. EOG Resources, Inc. has a 52 week low of $108.94 and a 52 week high of $139.67. The firm has a market capitalization of $72.03 billion, a price-to-earnings ratio of 10.29, a P/E/G ratio of 3.40 and a beta of 1.29.

EOG Resources announced that its board has approved a share repurchase program 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 shares through open market purchases. Shares repurchase programs are generally an indication that the company's management believes its stock is undervalued.

EOG Resources Increases Dividend

The business also recently declared 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. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date of this dividend is Friday, January 17th. EOG Resources's dividend payout ratio (DPR) is presently 29.31%.

Wall Street Analysts Forecast Growth

EOG has been the subject of several research reports. Truist Financial boosted their price target on shares of EOG Resources from $115.00 to $135.00 and gave the stock a "hold" rating in a research note on Tuesday, November 12th. Wells Fargo & Company increased their price objective on shares of EOG Resources from $135.00 to $147.00 and gave the company an "equal weight" rating in a research report on Thursday, November 21st. StockNews.com cut EOG Resources from a "buy" rating to a "hold" rating in a research report on Saturday, November 16th. Barclays dropped their price target on shares of EOG Resources from $144.00 to $137.00 and set an "equal weight" rating on the stock in a research note on Thursday, October 3rd. Finally, JPMorgan Chase & Co. lowered their target price on shares of EOG Resources from $143.00 to $135.00 and set a "neutral" rating for the company in a report on Thursday, September 12th. Fifteen investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $144.20.

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.