Czech National Bank Grows Position in EOG Resources, Inc. (NYSE:EOG)

Czech National Bank lifted its stake in EOG Resources, Inc. (NYSE:EOG - Free Report) by 5.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 121,951 shares of the energy exploration company's stock after acquiring an additional 6,103 shares during the period. Czech National Bank's holdings in EOG Resources were worth $14,949,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Northwest Investment Counselors LLC bought a new position in shares of EOG Resources in the third quarter worth $26,000. Eastern Bank purchased a new position in EOG Resources during the third quarter worth about $28,000. Capital Performance Advisors LLP bought a new position in EOG Resources in the 3rd quarter worth about $31,000. HM Payson & Co. raised its holdings in shares of EOG Resources by 203.7% in the 3rd 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. Finally, Matrix Trust Co bought a new stake in shares of EOG Resources during the 3rd quarter valued at about $43,000. 89.91% of the stock is currently owned by institutional investors.

Insider Activity

In related news, COO Jeffrey R. Leitzell sold 4,000 shares of the firm's stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $120.89, for a total value of $483,560.00. Following the transaction, the chief operating officer now owns 42,703 shares of the company's stock, valued at approximately $5,162,365.67. This trade represents a 8.56 % decrease in their ownership of the stock. The transaction was disclosed in a 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 shares were sold at an average price of $135.33, for a total transaction of $76,867.44. Following the sale, the director now directly owns 43,532 shares of the company's stock, valued at approximately $5,891,185.56. The trade was a 1.29 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.30% of the company's stock.

EOG Resources Stock Performance

Shares of NYSE EOG traded up $1.42 during trading on Tuesday, reaching $135.91. 3,223,696 shares of the company traded hands, compared to its average volume of 3,507,597. The firm has a 50 day simple moving average of $128.48 and a 200-day simple moving average of $126.84. EOG Resources, Inc. has a 52-week low of $108.94 and a 52-week high of $139.67. The stock has a market capitalization of $76.44 billion, a PE ratio of 10.94, a P/E/G ratio of 3.37 and a beta of 1.29. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13.

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

EOG Resources Increases Dividend

The business also recently announced 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. The ex-dividend date of this dividend is Friday, January 17th. This is a positive change from EOG Resources's previous quarterly dividend of $0.91. This represents a $3.90 dividend on an annualized basis and a yield of 2.87%. EOG Resources's payout ratio is currently 31.40%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Evercore ISI lowered their target price on shares of EOG Resources from $150.00 to $145.00 and set an "outperform" rating on the stock in a research note on Monday, September 30th. Truist Financial increased their price target on shares of EOG Resources from $135.00 to $137.00 and gave the company a "hold" rating in a research report on Monday. Mizuho lowered their price objective on shares of EOG Resources from $156.00 to $148.00 and set an "outperform" rating for the company in a report on Monday, December 16th. Piper Sandler reduced their target price on shares of EOG Resources from $149.00 to $140.00 and set a "neutral" rating on the stock in a report on Tuesday, December 17th. Finally, StockNews.com raised shares of EOG Resources from a "hold" rating to a "buy" rating in a research note on Saturday. Thirteen equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, EOG Resources has an average rating of "Hold" and a consensus target price of $143.48.

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.