International Assets Investment Management LLC Reduces Stock Position in EOG Resources, Inc. (NYSE:EOG)

International Assets Investment Management LLC reduced its holdings in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 99.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,083 shares of the energy exploration company's stock after selling 265,220 shares during the quarter. International Assets Investment Management LLC's holdings in EOG Resources were worth $260,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in EOG. LPL Financial LLC grew its stake in shares of EOG Resources by 12.2% in the second quarter. LPL Financial LLC now owns 394,327 shares of the energy exploration company's stock valued at $49,634,000 after acquiring an additional 42,982 shares in the last quarter. Federated Hermes Inc. boosted its stake in EOG Resources by 631.2% in the second quarter. Federated Hermes Inc. now owns 94,590 shares of the energy exploration company's stock valued at $11,906,000 after buying an additional 81,654 shares in the last quarter. Parallel Advisors LLC increased its position in EOG Resources by 3.3% during the 2nd quarter. Parallel Advisors LLC now owns 5,888 shares of the energy exploration company's stock worth $741,000 after purchasing an additional 186 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its stake in shares of EOG Resources by 29.8% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 77,520 shares of the energy exploration company's stock valued at $9,757,000 after acquiring an additional 17,809 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its position in EOG Resources by 4.3% in the second quarter. Envestnet Asset Management Inc. now owns 2,093,902 shares of the energy exploration company's stock valued at $263,559,000 after purchasing an additional 85,530 shares during the last quarter. 89.91% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on EOG shares. Barclays cut their target price on shares of EOG Resources from $144.00 to $137.00 and set an "equal weight" rating on the stock in a research report on Thursday, October 3rd. Raymond James lifted their target price on EOG Resources from $156.00 to $167.00 and gave the stock a "strong-buy" rating in a report on Thursday, November 21st. Mizuho decreased their price target on EOG Resources from $156.00 to $148.00 and set an "outperform" rating for the company in a research note on Monday, December 16th. Evercore ISI reduced their target price on EOG Resources from $150.00 to $145.00 and set an "outperform" rating on the stock in a report on Monday, September 30th. Finally, KeyCorp lowered their price target on shares of EOG Resources from $157.00 to $150.00 and set an "overweight" rating for the company in a report on Wednesday, October 16th. Thirteen analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, EOG Resources presently has an average rating of "Hold" and an average target price of $143.48.

Insider Activity at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the company's stock in a transaction dated 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. This represents a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Janet F. Clark sold 568 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the director now owns 43,532 shares of the company's stock, valued at $5,891,185.56. This trade represents a 1.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by company insiders.

EOG Resources Stock Performance

NYSE EOG traded up $2.74 during trading hours on Monday, reaching $134.15. 959,583 shares of the company were exchanged, compared to its average volume of 2,858,630. 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 stock has a market capitalization of $75.45 billion, a P/E ratio of 10.80, a P/E/G ratio of 3.37 and a beta of 1.29. The business's 50 day simple moving average is $127.97 and its 200-day simple moving average is $126.70. EOG Resources, Inc. has a 1 year low of $108.94 and a 1 year high of $139.67.

EOG Resources Increases Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Friday, January 17th. This represents a $3.90 annualized dividend and a yield of 2.91%. 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 declared that its board has initiated a share repurchase program on Thursday, November 7th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the energy exploration company to repurchase up to 7% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's management believes its shares are undervalued.

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.