EOG Resources, Inc. (NYSE:EOG) Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. decreased its position in EOG Resources, Inc. (NYSE:EOG - Free Report) by 31.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,709 shares of the energy exploration company's stock after selling 8,875 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in EOG Resources were worth $2,416,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Northwest Investment Counselors LLC acquired a new stake in EOG Resources during the 3rd quarter worth approximately $26,000. Decker Retirement Planning Inc. purchased a new position in shares of EOG Resources in the 4th quarter valued at about $27,000. Eastern Bank acquired a new position in shares of EOG Resources during the third quarter worth about $28,000. Capital Performance Advisors LLP purchased a new stake in shares of EOG Resources during the third quarter worth approximately $31,000. Finally, HM Payson & Co. raised 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 valued at $40,000 after acquiring an additional 220 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have commented on EOG shares. Barclays lowered their price target on shares of EOG Resources from $144.00 to $137.00 and set an "equal weight" rating for the company in a report on Thursday, October 3rd. KeyCorp lowered their target price on shares of EOG Resources from $157.00 to $150.00 and set an "overweight" rating for the company in a research note on Wednesday, October 16th. Royal Bank of Canada restated a "sector perform" rating and issued a $150.00 price target on shares of EOG Resources in a research note on Monday, January 6th. Piper Sandler lowered their price objective on EOG Resources from $149.00 to $140.00 and set a "neutral" rating for the company in a research report on Tuesday, December 17th. Finally, Raymond James raised their target price on EOG Resources from $167.00 to $175.00 and gave the stock a "strong-buy" rating in a research report on Thursday. Thirteen research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, EOG Resources currently has a consensus rating of "Hold" and a consensus target price of $143.86.

EOG Resources Stock Performance

Shares of NYSE EOG traded down $2.25 during midday trading on Friday, reaching $131.73. 3,178,653 shares of the company were exchanged, compared to its average volume of 3,294,725. The stock has a fifty day simple moving average of $129.07 and a 200 day simple moving average of $127.31. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. The stock has a market cap of $74.09 billion, a P/E ratio of 10.61, a PEG ratio of 3.68 and a beta of 1.29. EOG Resources, Inc. has a 1 year low of $108.94 and a 1 year high of $139.67.

EOG Resources (NYSE:EOG - Get Free Report) last released its earnings results on Thursday, November 7th. The energy exploration company reported $2.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.73 by $0.16. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. The business had revenue of $5.97 billion for the quarter, compared to analyst estimates of $6.03 billion. During the same quarter in the previous year, the company posted $3.44 earnings per share. On average, research analysts forecast that EOG Resources, Inc. will post 11.45 earnings per share for the current fiscal year.

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 given a dividend of $0.975 per share. The ex-dividend date of this dividend is Friday, January 17th. This represents a $3.90 dividend on an annualized basis and a yield of 2.96%. This is an increase from EOG Resources's previous quarterly dividend of $0.91. EOG Resources's dividend payout ratio is presently 31.40%.

EOG Resources announced that its board has initiated a share buyback plan on Thursday, November 7th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the energy exploration company to repurchase up to 7% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's management believes its shares are undervalued.

Insider Transactions at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the stock in a transaction 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 transaction, the chief operating officer now owns 42,703 shares in the company, valued at approximately $5,162,365.67. This represents a 8.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Janet F. Clark sold 568 shares of the business'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 sale, the director now owns 43,532 shares in the company, valued at $5,891,185.56. The trade was a 1.29 % decrease in their ownership of the stock. 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.