Dean Investment Associates LLC Buys 7,526 Shares of EOG Resources, Inc. (NYSE:EOG)

Dean Investment Associates LLC grew its holdings in EOG Resources, Inc. (NYSE:EOG - Free Report) by 13.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 62,060 shares of the energy exploration company's stock after purchasing an additional 7,526 shares during the period. EOG Resources makes up about 1.0% of Dean Investment Associates LLC's holdings, making the stock its 13th biggest position. Dean Investment Associates LLC's holdings in EOG Resources were worth $7,629,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Northwest Investment Counselors LLC purchased a new position in EOG Resources during the 3rd quarter valued at about $26,000. Riverview Trust Co purchased a new position in EOG Resources during the second quarter valued at approximately $27,000. MFA Wealth Advisors LLC bought a new stake in EOG Resources during the 2nd quarter worth approximately $28,000. Eastern Bank bought a new stake in EOG Resources during the 3rd quarter worth approximately $28,000. Finally, Gladius Capital Management LP bought a new position in EOG Resources in the 2nd quarter valued at $30,000. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at EOG Resources

In other EOG Resources news, Director Janet F. Clark sold 568 shares of EOG Resources stock in a transaction dated Tuesday, November 19th. The shares were 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 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.30% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on EOG. Evercore ISI lowered their price objective on EOG Resources from $150.00 to $145.00 and set an "outperform" rating on the stock in a research report on Monday, September 30th. Morgan Stanley lowered their price target on EOG Resources from $134.00 to $132.00 and set an "equal weight" rating on the stock in a report on Monday, September 16th. Raymond James upped their price objective on shares of EOG Resources from $156.00 to $167.00 and gave the stock a "strong-buy" rating in a research report on Thursday, November 21st. KeyCorp dropped 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 report on Wednesday, October 16th. Finally, Piper Sandler cut shares of EOG Resources from an "overweight" rating to a "neutral" rating and boosted their price target for the stock from $147.00 to $149.00 in a research note on Monday, November 18th. Fifteen investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $144.20.

EOG Resources Stock Down 1.7 %

EOG traded down $2.21 during midday trading on Friday, reaching $127.81. The company's stock had a trading volume of 2,927,912 shares, compared to its average volume of 2,803,760. EOG Resources, Inc. has a 1 year low of $108.94 and a 1 year high of $139.67. The stock's 50-day moving average is $129.37 and its 200-day moving average is $126.31. The firm has a market capitalization of $71.89 billion, a price-to-earnings ratio of 10.29, a PEG ratio of 3.44 and a beta of 1.29. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13.

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

EOG Resources Increases Dividend

The business also recently disclosed 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. This represents a $3.90 dividend on an annualized basis and a yield of 3.05%. 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. EOG Resources's dividend payout ratio (DPR) 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.