ZWJ Investment Counsel Inc. Has $5.50 Million Holdings in EOG Resources, Inc. (NYSE:EOG)

ZWJ Investment Counsel Inc. raised its holdings in EOG Resources, Inc. (NYSE:EOG - Free Report) by 7.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 44,841 shares of the energy exploration company's stock after buying an additional 3,205 shares during the period. ZWJ Investment Counsel Inc.'s holdings in EOG Resources were worth $5,497,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EOG. Sei Investments Co. grew its stake in EOG Resources by 0.4% in the second quarter. Sei Investments Co. now owns 301,099 shares of the energy exploration company's stock valued at $37,900,000 after purchasing an additional 1,120 shares in the last quarter. Thrivent Financial for Lutherans increased its holdings in EOG Resources by 0.7% during the second quarter. Thrivent Financial for Lutherans now owns 242,948 shares of the energy exploration company's stock worth $30,580,000 after buying an additional 1,787 shares during the last quarter. ProShare Advisors LLC raised its position in EOG Resources by 7.6% during the second quarter. ProShare Advisors LLC now owns 111,102 shares of the energy exploration company's stock worth $13,984,000 after acquiring an additional 7,873 shares in the last quarter. Frank Rimerman Advisors LLC lifted its stake in EOG Resources by 400.5% in the second quarter. Frank Rimerman Advisors LLC now owns 2,953 shares of the energy exploration company's stock valued at $372,000 after acquiring an additional 2,363 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in shares of EOG Resources by 2.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,078 shares of the energy exploration company's stock valued at $771,000 after acquiring an additional 125 shares during the period. 89.91% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Janet F. Clark sold 568 shares of the company's stock in a transaction that occurred on 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 of the company's stock, valued at $5,891,185.56. This represents a 1.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the business's stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $120.89, for a total transaction of $483,560.00. Following the sale, the chief operating officer now directly owns 42,703 shares in the company, valued at $5,162,365.67. The trade was a 8.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

EOG has been the subject of several recent analyst reports. Benchmark reiterated a "hold" rating on shares of EOG Resources in a research note on Monday, January 13th. Barclays reduced their target price on EOG Resources from $144.00 to $137.00 and set an "equal weight" rating for the company in a research note on Thursday, October 3rd. Wells Fargo & Company upgraded EOG Resources from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $147.00 to $150.00 in a research note on Tuesday, December 17th. Bank of America reaffirmed a "neutral" rating and set a $144.00 price objective (down from $151.00) on shares of EOG Resources in a research report on Monday, January 13th. Finally, Piper Sandler reduced their target price on shares of EOG Resources from $149.00 to $140.00 and set a "neutral" rating for the company in a report on Tuesday, December 17th. Thirteen analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, EOG Resources currently has an average rating of "Hold" and an average price target of $143.48.

EOG Resources Price Performance

EOG traded down $0.49 during trading on Tuesday, hitting $136.09. 3,706,019 shares of the stock traded hands, compared to its average volume of 3,322,208. The business has a 50 day moving average price of $129.04 and a 200 day moving average price of $127.14. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. EOG Resources, Inc. has a twelve month low of $108.94 and a twelve month high of $139.67. The company has a market cap of $76.54 billion, a price-to-earnings ratio of 10.96, a PEG ratio of 3.77 and a beta of 1.29.

EOG Resources (NYSE:EOG - Get Free Report) last posted its quarterly earnings results on Thursday, November 7th. The energy exploration company reported $2.89 EPS for the quarter, topping 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 company had revenue of $5.97 billion during the quarter, compared to analysts' expectations of $6.03 billion. During the same quarter in the previous year, the firm earned $3.44 EPS. Equities research analysts forecast that EOG Resources, Inc. will post 11.45 earnings per share for the current fiscal year.

EOG Resources declared that its Board of Directors has approved a stock buyback program 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 repurchase up to 7% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's management believes its shares are 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 issued a dividend of $0.975 per share. The ex-dividend date is Friday, January 17th. This is a positive change from EOG Resources's previous quarterly dividend of $0.91. This represents a $3.90 annualized dividend and a dividend yield of 2.87%. EOG Resources's payout ratio is 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.