National Bank of Canada FI Sells 184,897 Shares of EOG Resources, Inc. (NYSE:EOG)

National Bank of Canada FI trimmed its stake in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 37.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 303,023 shares of the energy exploration company's stock after selling 184,897 shares during the quarter. National Bank of Canada FI owned about 0.05% of EOG Resources worth $37,251,000 at the end of the most recent reporting period.

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

EOG Resources Trading Up 0.0 %

NYSE EOG traded up $0.05 during trading hours on Monday, hitting $127.86. 3,046,982 shares of the company's stock were exchanged, compared to its average volume of 3,116,775. EOG Resources, Inc. has a 1-year low of $108.94 and a 1-year high of $139.67. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. The stock has a 50-day simple moving average of $129.46 and a 200 day simple moving average of $126.34. The firm has a market cap of $71.91 billion, a price-to-earnings ratio of 10.29, a PEG ratio of 3.40 and a beta of 1.29.

EOG Resources announced that its board has approved a stock buyback plan on Thursday, November 7th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the energy exploration company to buy up to 7% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's leadership 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. Stockholders of record on Friday, January 17th will be paid a $0.975 dividend. The ex-dividend date of this dividend is Friday, January 17th. This represents a $3.90 annualized dividend and a dividend yield of 3.05%. This is a positive change from EOG Resources's previous quarterly dividend of $0.91. EOG Resources's payout ratio is currently 29.31%.

Insider Activity at EOG Resources

In related news, Director Janet F. Clark sold 568 shares of the business's 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 completion of the sale, 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.20% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on EOG shares. UBS Group lowered their price objective on shares of EOG Resources from $167.00 to $154.00 and set a "buy" rating for the company in a research report on Wednesday, September 18th. Benchmark reissued a "hold" rating on shares of EOG Resources in a report on Tuesday, November 12th. Raymond James upped 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. KeyCorp dropped their target price on 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, Susquehanna reduced their price target on EOG Resources from $159.00 to $158.00 and set a "positive" rating on the stock in a report on Wednesday, September 4th. Fifteen investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $144.20.

EOG Resources 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.