Unigestion Holding SA Has $25.06 Million Position in EOG Resources, Inc. (NYSE:EOG)

Unigestion Holding SA boosted its stake in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 27.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 203,862 shares of the energy exploration company's stock after buying an additional 44,441 shares during the quarter. Unigestion Holding SA's holdings in EOG Resources were worth $25,059,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of EOG. DRW Securities LLC lifted its position in EOG Resources by 98.6% in the third quarter. DRW Securities LLC now owns 26,838 shares of the energy exploration company's stock valued at $3,299,000 after acquiring an additional 13,324 shares during the last quarter. Caprock Group LLC lifted its holdings in EOG Resources by 7.7% in the third quarter. Caprock Group LLC now owns 12,112 shares of the energy exploration company's stock valued at $1,489,000 after acquiring an additional 862 shares during the period. University of Texas Texas AM Investment Management Co. boosted its position in EOG Resources by 3,976.8% during the second quarter. University of Texas Texas AM Investment Management Co. now owns 10,885 shares of the energy exploration company's stock worth $1,370,000 after purchasing an additional 10,618 shares in the last quarter. KBC Group NV increased its stake in shares of EOG Resources by 11.4% during the 3rd quarter. KBC Group NV now owns 119,132 shares of the energy exploration company's stock worth $14,645,000 after purchasing an additional 12,210 shares in the last quarter. Finally, Sequoia Financial Advisors LLC grew its holdings in shares of EOG Resources by 44.2% during the third quarter. Sequoia Financial Advisors LLC now owns 10,603 shares of the energy exploration company's stock worth $1,303,000 after buying an additional 3,251 shares in the last quarter. Hedge funds and other institutional investors own 89.91% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on EOG shares. KeyCorp lowered their price objective 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. Piper Sandler lowered shares of EOG Resources from an "overweight" rating to a "neutral" rating and upped their price target for the stock from $147.00 to $149.00 in a research note on Monday, November 18th. Raymond James lifted 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 note on Thursday, November 21st. Citigroup lifted their price target on EOG Resources from $127.00 to $134.00 and gave the stock a "neutral" rating in a research note on Tuesday, November 26th. Finally, Morgan Stanley decreased their price objective on EOG Resources from $134.00 to $132.00 and set an "equal weight" rating for the company in a research report on Monday, September 16th. Fifteen equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $144.20.

EOG Resources Stock Performance

Shares of NYSE EOG traded up $0.98 during midday trading on Wednesday, reaching $127.59. 5,778,576 shares of the stock were exchanged, compared to its average volume of 3,129,266. EOG Resources, Inc. has a twelve month low of $108.94 and a twelve month high of $139.67. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. The firm has a 50-day simple moving average of $129.46 and a two-hundred day simple moving average of $126.36. The firm has a market cap of $71.76 billion, a price-to-earnings ratio of 10.18, a PEG ratio of 3.40 and a beta of 1.29.

EOG Resources Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be issued a $0.975 dividend. This is a boost from EOG Resources's previous quarterly dividend of $0.91. The ex-dividend date is Friday, January 17th. This represents a $3.90 annualized dividend and a yield of 3.06%. EOG Resources's dividend payout ratio (DPR) is 29.31%.

EOG Resources declared that its Board of Directors has initiated a share repurchase program on Thursday, November 7th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the energy exploration company to repurchase up to 7% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.

Insiders Place Their Bets

In other news, Director Janet F. Clark sold 568 shares of EOG Resources 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 transaction, the director now directly owns 43,532 shares of the company's stock, valued at $5,891,185.56. The trade was a 1.29 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.20% of the stock is owned by corporate insiders.

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.