Ontario Teachers Pension Plan Board Sells 6,522 Shares of EOG Resources, Inc. (NYSE:EOG)

Ontario Teachers Pension Plan Board cut its position in EOG Resources, Inc. (NYSE:EOG - Free Report) by 42.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,820 shares of the energy exploration company's stock after selling 6,522 shares during the quarter. Ontario Teachers Pension Plan Board's holdings in EOG Resources were worth $1,084,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. University of Texas Texas AM Investment Management Co. raised its position in shares of EOG Resources by 3,976.8% in the second 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 during the period. KBC Group NV boosted its holdings in shares of EOG Resources by 11.4% during the third quarter. KBC Group NV now owns 119,132 shares of the energy exploration company's stock worth $14,645,000 after acquiring an additional 12,210 shares during the period. Sequoia Financial Advisors LLC increased its stake 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 purchasing an additional 3,251 shares during the period. Canada Pension Plan Investment Board boosted its stake 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 during the period. Finally, Tidal Investments LLC increased its position in EOG Resources by 13.3% during the 1st quarter. Tidal Investments LLC now owns 51,003 shares of the energy exploration company's stock worth $6,518,000 after buying an additional 5,972 shares during the period. 89.91% of the stock is currently owned by institutional investors and hedge funds.

EOG Resources Stock Up 0.9 %

NYSE:EOG traded up $1.26 on Thursday, hitting $137.49. The stock had a trading volume of 592,018 shares, compared to its average volume of 3,116,886. The company has a market cap of $77.33 billion, a PE ratio of 10.97, a P/E/G ratio of 3.58 and a beta of 1.28. EOG Resources, Inc. has a 52 week low of $108.94 and a 52 week high of $139.67. The business's fifty day moving average is $127.27 and its 200 day moving average is $126.10. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13.

EOG Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be paid a $0.975 dividend. This represents a $3.90 dividend on an annualized basis and a dividend yield of 2.84%. This is a positive change from EOG Resources's previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Friday, January 17th. EOG Resources's dividend payout ratio (DPR) is 29.31%.

EOG Resources declared that its board has authorized 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 repurchase up to 7% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on EOG. Scotiabank decreased their target price on shares of EOG Resources from $150.00 to $140.00 and set a "sector perform" rating on the stock in a research report on Thursday, October 10th. Royal Bank of Canada restated a "sector perform" rating and set a $145.00 price objective on shares of EOG Resources in a research note on Monday, October 14th. Barclays cut their target price on EOG Resources from $144.00 to $137.00 and set an "equal weight" rating for the company in a research report on Thursday, October 3rd. Wells Fargo & Company boosted their price target on EOG Resources from $135.00 to $147.00 and gave the company an "equal weight" rating in a research note on Thursday. Finally, StockNews.com downgraded shares of EOG Resources from a "buy" rating to a "hold" rating in a research note on Saturday, November 16th. Fifteen investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, EOG Resources currently has an average rating of "Hold" and a consensus target price of $142.90.

Insider Activity

In other 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 value of $1,429,291.50. Following the transaction, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Janet F. Clark sold 568 shares of EOG Resources stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $135.33, for a total value of $76,867.44. Following the sale, the director now owns 43,532 shares in the company, 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. Corporate insiders own 0.30% of the company's stock.

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.