Continuum Advisory LLC Sells 12,781 Shares of EOG Resources, Inc. (NYSE:EOG)

Continuum Advisory LLC lowered its position in EOG Resources, Inc. (NYSE:EOG - Free Report) by 63.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,311 shares of the energy exploration company's stock after selling 12,781 shares during the period. Continuum Advisory LLC's holdings in EOG Resources were worth $988,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. DRW Securities LLC boosted its holdings in EOG Resources by 98.6% during the 3rd quarter. DRW Securities LLC now owns 26,838 shares of the energy exploration company's stock worth $3,299,000 after acquiring an additional 13,324 shares during the last quarter. Caprock Group LLC lifted its stake in EOG Resources by 7.7% in the third quarter. Caprock Group LLC now owns 12,112 shares of the energy exploration company's stock valued at $1,489,000 after purchasing an additional 862 shares during the last quarter. University of Texas Texas AM Investment Management Co. raised its stake in shares of EOG Resources by 3,976.8% in the second quarter. University of Texas Texas AM Investment Management Co. now owns 10,885 shares of the energy exploration company's stock valued at $1,370,000 after buying an additional 10,618 shares during the period. KBC Group NV grew its stake in shares of EOG Resources by 11.4% during the 3rd quarter. KBC Group NV now owns 119,132 shares of the energy exploration company's stock worth $14,645,000 after acquiring an additional 12,210 shares during the period. Finally, Sequoia Financial Advisors LLC increased its holdings in EOG Resources by 44.2% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 10,603 shares of the energy exploration company's stock worth $1,303,000 after acquiring an additional 3,251 shares during the last quarter. Institutional investors own 89.91% of the company's stock.

Insider Buying and Selling

In other EOG Resources news, Director Janet F. Clark sold 568 shares of the firm'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 trade represents a 1.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.20% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. StockNews.com lowered shares of EOG Resources from a "buy" rating to a "hold" rating in a research report on Saturday, November 16th. Wells Fargo & Company lifted their target price on EOG Resources from $135.00 to $147.00 and gave the company an "equal weight" rating in a report on Thursday, November 21st. Scotiabank dropped their price objective on EOG Resources from $150.00 to $140.00 and set a "sector perform" rating for the company in a research note on Thursday, October 10th. Morgan Stanley cut 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 note on Monday, September 16th. Finally, Citigroup lifted their price target on EOG Resources from $127.00 to $134.00 and gave the stock a "neutral" rating in a research note on Tuesday, November 26th. Fifteen analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, EOG Resources currently has a consensus rating of "Hold" and an average price target of $144.20.

EOG Resources Trading Down 1.0 %

NYSE:EOG traded down $1.23 during trading hours on Tuesday, hitting $126.62. The company had a trading volume of 3,440,463 shares, compared to its average volume of 3,118,134. 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 stock has a 50-day moving average price of $129.46 and a 200 day moving average price of $126.34. The company has a market capitalization of $71.21 billion, a PE ratio of 10.19, a price-to-earnings-growth ratio of 3.40 and a beta of 1.29. EOG Resources, Inc. has a 52 week low of $108.94 and a 52 week high of $139.67.

EOG Resources announced that its board has approved a stock buyback program on Thursday, November 7th that authorizes the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization authorizes the energy exploration company to repurchase up to 7% of its shares through open market purchases. Shares repurchase programs are typically a sign 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. 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 annualized dividend and a dividend yield of 3.08%. This is a boost from EOG Resources's previous quarterly dividend of $0.91. EOG Resources's payout ratio is currently 29.31%.

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.