MassMutual Private Wealth & Trust FSB Has $2.96 Million Stake in EOG Resources, Inc. (NYSE:EOG)

MassMutual Private Wealth & Trust FSB cut its holdings in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 24.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 24,167 shares of the energy exploration company's stock after selling 7,777 shares during the quarter. MassMutual Private Wealth & Trust FSB's holdings in EOG Resources were worth $2,962,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of EOG. Northwest Investment Counselors LLC purchased a new position in EOG Resources during the third quarter valued at approximately $26,000. Decker Retirement Planning Inc. purchased a new position in EOG Resources in the fourth quarter valued at about $27,000. Eastern Bank acquired a new position in EOG Resources in the 3rd quarter worth about $28,000. Capital Performance Advisors LLP acquired a new stake in shares of EOG Resources during the 3rd quarter valued at about $31,000. Finally, HM Payson & Co. grew its stake in shares of EOG Resources by 203.7% in the 3rd quarter. HM Payson & Co. now owns 328 shares of the energy exploration company's stock valued at $40,000 after buying an additional 220 shares in the last quarter. Hedge funds and other institutional investors own 89.91% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $150.00 price objective on shares of EOG Resources in a research report on Monday, January 6th. Piper Sandler decreased their price objective 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. KeyCorp lowered their target price on shares of EOG Resources from $157.00 to $150.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 16th. 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. Finally, Citigroup boosted their target price on EOG Resources from $127.00 to $134.00 and gave the stock a "neutral" rating in a report on Tuesday, November 26th. Thirteen equities research 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 company's stock. According to data from MarketBeat.com, EOG Resources has an average rating of "Hold" and an average price target of $143.48.

Insider Buying and Selling at EOG Resources

In related news, Director Janet F. Clark sold 568 shares of the firm's stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $135.33, for a total transaction of $76,867.44. Following the completion of the sale, the director now directly owns 43,532 shares of the company's stock, valued at $5,891,185.56. This trade represents a 1.29 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the firm's stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $120.89, for a total value of $483,560.00. Following the completion of the sale, the chief operating officer now owns 42,703 shares of the company's stock, valued at approximately $5,162,365.67. This trade represents a 8.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.20% of the company's stock.

EOG Resources Stock Performance

Shares of EOG traded down $0.49 on Tuesday, reaching $136.09. 3,706,019 shares of the stock traded hands, compared to its average volume of 3,322,208. The firm has a market cap of $76.54 billion, a price-to-earnings ratio of 10.96, a P/E/G ratio of 3.77 and a beta of 1.29. EOG Resources, Inc. has a 12 month low of $108.94 and a 12 month high of $139.67. The stock's 50-day moving average price is $129.04 and its 200-day moving average price is $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 (NYSE:EOG - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The energy exploration company reported $2.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.73 by $0.16. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. 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 prior year, the company posted $3.44 EPS. Equities analysts forecast that EOG Resources, Inc. will post 11.45 EPS for the current fiscal year.

EOG Resources Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be paid a dividend of $0.975 per share. This is a boost from EOG Resources's previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Friday, January 17th. This represents a $3.90 dividend on an annualized basis and a yield of 2.87%. EOG Resources's dividend payout ratio (DPR) is currently 31.40%.

EOG Resources declared that its Board of Directors has approved a share buyback plan on Thursday, November 7th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the energy exploration company to purchase up to 7% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's board believes its shares are undervalued.

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.