EOG Resources, Inc. (NYSE:EOG) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC decreased its holdings in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 7.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,795 shares of the energy exploration company's stock after selling 5,964 shares during the period. Mutual of America Capital Management LLC's holdings in EOG Resources were worth $9,317,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. UniSuper Management Pty Ltd lifted its holdings in EOG Resources by 228.4% in the 1st quarter. UniSuper Management Pty Ltd now owns 15,626 shares of the energy exploration company's stock valued at $1,998,000 after purchasing an additional 10,868 shares in the last quarter. University of Texas Texas AM Investment Management Co. lifted its holdings in EOG Resources by 3,976.8% in the 2nd quarter. University of Texas Texas AM Investment Management Co. now owns 10,885 shares of the energy exploration company's stock valued at $1,370,000 after purchasing an additional 10,618 shares in the last quarter. Sequoia Financial Advisors LLC lifted its holdings in EOG Resources by 44.2% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 10,603 shares of the energy exploration company's stock valued at $1,303,000 after purchasing an additional 3,251 shares in the last quarter. Canada Pension Plan Investment Board lifted its holdings in EOG Resources by 67.3% in the 1st quarter. Canada Pension Plan Investment Board now owns 843,682 shares of the energy exploration company's stock valued at $107,856,000 after purchasing an additional 339,480 shares in the last quarter. Finally, Tidal Investments LLC lifted its holdings in EOG Resources by 13.3% in the 1st quarter. Tidal Investments LLC now owns 51,003 shares of the energy exploration company's stock valued at $6,518,000 after purchasing an additional 5,972 shares in the last quarter. Hedge funds and other institutional investors own 89.91% of the company's stock.

Analyst Ratings Changes

A number of research analysts have weighed in on EOG shares. Evercore ISI decreased their price objective on EOG Resources from $150.00 to $145.00 and set an "outperform" rating on the stock in a report on Monday, September 30th. Royal Bank of Canada reiterated a "sector perform" rating and set a $145.00 price target on shares of EOG Resources in a report on Monday, October 14th. Piper Sandler lowered EOG Resources from an "overweight" rating to a "neutral" rating and lifted their price target for the stock from $147.00 to $149.00 in a report on Monday. UBS Group reduced their price target on EOG Resources from $167.00 to $154.00 and set a "buy" rating on the stock in a report on Wednesday, September 18th. Finally, StockNews.com downgraded EOG Resources from a "buy" rating to a "hold" rating in a research report on Saturday. Fifteen 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 company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $142.30.

EOG Resources Stock Up 1.5 %

Shares of EOG traded up $1.98 during midday trading on Monday, hitting $136.54. The company had a trading volume of 3,060,434 shares, compared to its average volume of 3,133,891. The company's 50-day simple moving average is $126.25 and its 200-day simple moving average is $125.96. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. The firm has a market capitalization of $76.80 billion, a P/E ratio of 10.83, a P/E/G ratio of 3.57 and a beta of 1.28. EOG Resources, Inc. has a 1 year low of $108.94 and a 1 year high of $139.67.

EOG Resources Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors 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 annualized dividend and a yield of 2.86%. EOG Resources's payout ratio is presently 31.40%.

EOG Resources declared that its board has initiated a share buyback plan on Thursday, November 7th that authorizes the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization authorizes the energy exploration company to reacquire up to 7% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's management believes its stock is undervalued.

Insider Buying and Selling

In related news, EVP Michael P. Donaldson sold 11,037 shares of the business's stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $129.50, for a total transaction of $1,429,291.50. Following the completion of the sale, the executive vice president now owns 74,250 shares in the company, valued at $9,615,375. The trade was a 12.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Charles R. Crisp sold 6,500 shares of the business's stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $125.60, for a total value of $816,400.00. Following the completion of the sale, the director now owns 60,892 shares of the company's stock, valued at approximately $7,648,035.20. This represents a 9.65 % decrease in their position. The disclosure for this sale can be found here. 0.30% of the stock is owned by company 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.