B. Riley Wealth Advisors Inc. Sells 6,763 Shares of EOG Resources, Inc. (NYSE:EOG)

B. Riley Wealth Advisors Inc. lowered its stake in EOG Resources, Inc. (NYSE:EOG - Free Report) by 62.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 4,051 shares of the energy exploration company's stock after selling 6,763 shares during the quarter. B. Riley Wealth Advisors Inc.'s holdings in EOG Resources were worth $507,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Franklin Resources Inc. increased its stake in shares of EOG Resources by 64.7% during the third quarter. Franklin Resources Inc. now owns 5,284,228 shares of the energy exploration company's stock valued at $694,717,000 after buying an additional 2,076,134 shares during the period. Fisher Asset Management LLC increased its holdings in shares of EOG Resources by 856.7% in the 3rd quarter. Fisher Asset Management LLC now owns 1,200,851 shares of the energy exploration company's stock worth $147,621,000 after purchasing an additional 1,075,334 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of EOG Resources in the 2nd quarter worth $106,990,000. Legal & General Group Plc raised its stake in shares of EOG Resources by 9.1% in the second quarter. Legal & General Group Plc now owns 4,840,705 shares of the energy exploration company's stock worth $609,300,000 after purchasing an additional 403,676 shares during the last quarter. Finally, National Bank of Canada FI boosted its position in shares of EOG Resources by 237.9% during the second quarter. National Bank of Canada FI now owns 487,920 shares of the energy exploration company's stock valued at $61,741,000 after buying an additional 343,527 shares during the last quarter. Hedge funds and other institutional investors own 89.91% of the company's stock.

Insider Activity at EOG Resources

In related news, Director Janet F. Clark sold 568 shares of EOG Resources stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $135.33, for a total value of $76,867.44. Following the completion of the transaction, the director now owns 43,532 shares in the company, valued at approximately $5,891,185.56. This trade represents a 1.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.30% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages have weighed in on EOG. Truist Financial boosted their target price on EOG Resources from $115.00 to $135.00 and gave the stock a "hold" rating in a research report on Tuesday, November 12th. Scotiabank lowered their price objective on shares of EOG Resources from $150.00 to $140.00 and set a "sector perform" rating on the stock in a research report on Thursday, October 10th. Wells Fargo & Company upgraded shares of EOG Resources from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $147.00 to $150.00 in a report on Tuesday. Morgan Stanley lowered their price target on EOG Resources from $134.00 to $132.00 and set an "equal weight" rating on the stock in a report on Monday, September 16th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $145.00 price objective on shares of EOG Resources in a report on Monday, October 14th. Fourteen investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $143.50.

EOG Resources Price Performance

Shares of NYSE:EOG traded up $0.82 during mid-day trading on Friday, reaching $119.04. The stock had a trading volume of 10,023,298 shares, compared to its average volume of 3,157,648. The business's 50 day moving average price is $128.39 and its 200 day moving average price is $126.33. EOG Resources, Inc. has a 1 year low of $108.94 and a 1 year high of $139.67. The company has a market cap of $66.95 billion, a P/E ratio of 9.58, a price-to-earnings-growth ratio of 3.39 and a beta of 1.29. 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 announced that its board has authorized a stock buyback plan 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 stock through open market purchases. Stock buyback plans are generally a sign that the company's board believes its stock is undervalued.

EOG Resources Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be given a dividend of $0.975 per share. 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 3.28%. The ex-dividend date of this dividend is Friday, January 17th. EOG Resources's dividend payout ratio is currently 31.40%.

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.