Horizon Kinetics Asset Management LLC Purchases 4,300 Shares of EOG Resources, Inc. (NYSE:EOG)

Horizon Kinetics Asset Management LLC raised its holdings in EOG Resources, Inc. (NYSE:EOG - Free Report) by 74.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,068 shares of the energy exploration company's stock after buying an additional 4,300 shares during the quarter. Horizon Kinetics Asset Management LLC's holdings in EOG Resources were worth $1,238,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Northwest Investment Counselors LLC acquired a new position in shares of EOG Resources during the third quarter valued at about $26,000. Riverview Trust Co bought a new stake in shares of EOG Resources in the 2nd quarter worth approximately $27,000. MFA Wealth Advisors LLC acquired a new stake in shares of EOG Resources during the 2nd quarter worth approximately $28,000. Eastern Bank bought a new stake in shares of EOG Resources during the third quarter valued at approximately $28,000. Finally, Gladius Capital Management LP acquired a new position in shares of EOG Resources in the second quarter valued at $30,000. 89.91% of the stock is owned by institutional investors.

Analysts Set New Price Targets

EOG has been the topic of several analyst reports. UBS Group lowered their price target on shares of EOG Resources from $167.00 to $154.00 and set a "buy" rating on the stock in a report on Wednesday, September 18th. Susquehanna lowered their target price on shares of EOG Resources from $159.00 to $158.00 and set a "positive" rating on the stock in a research note on Wednesday, September 4th. 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. Scotiabank dropped their target price on EOG Resources from $150.00 to $140.00 and set a "sector perform" rating for the company in a report on Thursday, October 10th. Finally, Benchmark reissued a "hold" rating on shares of EOG Resources in a report on Tuesday, November 12th. Fifteen investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $144.20.

EOG Resources Trading Up 0.4 %

EOG Resources stock traded up $0.56 during mid-day trading on Tuesday, hitting $132.54. The stock had a trading volume of 3,129,539 shares, compared to its average volume of 3,134,564. The stock has a market capitalization of $74.55 billion, a PE ratio of 10.67, a P/E/G ratio of 3.62 and a beta of 1.28. EOG Resources, Inc. has a 12 month low of $108.94 and a 12 month high of $139.67. 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 50-day simple moving average of $128.34 and a two-hundred day simple moving average of $126.18.

EOG Resources Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be paid a dividend of $0.975 per share. This represents a $3.90 dividend on an annualized basis and a dividend yield of 2.94%. This is an increase from EOG Resources's previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Friday, January 17th. EOG Resources's payout ratio is 31.40%.

EOG Resources announced that its Board of Directors has approved a share repurchase plan on Thursday, November 7th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the energy exploration company to purchase up to 7% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's board of directors believes its stock is undervalued.

Insider Buying and Selling

In related news, Director Janet F. Clark sold 568 shares of the company's 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 sale, the director now owns 43,532 shares in the company, valued at approximately $5,891,185.56. This represents a 1.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.30% of the stock is currently owned by insiders.

EOG Resources 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.