EOG Resources, Inc. (NYSE:EOG) Shares Acquired by EP Wealth Advisors LLC

EP Wealth Advisors LLC lifted its holdings in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 179.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,737 shares of the energy exploration company's stock after buying an additional 11,391 shares during the period. EP Wealth Advisors LLC's holdings in EOG Resources were worth $2,180,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Kovitz Investment Group Partners LLC boosted its position in shares of EOG Resources by 4.6% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 199,626 shares of the energy exploration company's stock worth $23,518,000 after purchasing an additional 8,825 shares in the last quarter. Weiss Asset Management LP purchased a new stake in EOG Resources during the third quarter worth about $9,006,000. Quantinno Capital Management LP boosted its holdings in EOG Resources by 26.3% during the third quarter. Quantinno Capital Management LP now owns 53,897 shares of the energy exploration company's stock worth $6,626,000 after buying an additional 11,219 shares in the last quarter. Quarry LP increased its holdings in EOG Resources by 1,004.5% in the third quarter. Quarry LP now owns 729 shares of the energy exploration company's stock valued at $90,000 after buying an additional 663 shares in the last quarter. Finally, Royal London Asset Management Ltd. lifted its position in shares of EOG Resources by 2.6% during the 3rd quarter. Royal London Asset Management Ltd. now owns 271,452 shares of the energy exploration company's stock valued at $33,370,000 after acquiring an additional 6,940 shares during the period. 89.91% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at EOG Resources

In other EOG Resources news, Director Janet F. Clark sold 568 shares of the company's stock in a transaction dated 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 in the company, valued at $5,891,185.56. This represents a 1.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.20% of the stock is owned by company insiders.

EOG Resources Trading Down 1.0 %

Shares of NYSE EOG traded down $1.23 on Tuesday, reaching $126.62. 3,440,463 shares of the company traded hands, compared to its average volume of 3,118,134. The stock has a market capitalization of $71.21 billion, a PE ratio of 10.19, a P/E/G ratio of 3.40 and a beta of 1.29. EOG Resources, Inc. has a fifty-two week low of $108.94 and a fifty-two week 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 company has a 50 day moving average of $129.46 and a 200 day moving average of $126.34.

EOG Resources announced that its board has initiated a share buyback program on Thursday, November 7th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the energy exploration company to buy up to 7% of its shares through open market purchases. Shares buyback programs are often an indication that the company's board believes its shares are undervalued.

EOG Resources Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be given a dividend of $0.975 per share. 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. This represents a $3.90 annualized dividend and a yield of 3.08%. EOG Resources's dividend payout ratio is 29.31%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. KeyCorp lowered their price target on EOG Resources from $157.00 to $150.00 and set an "overweight" rating on the stock in a report on Wednesday, October 16th. UBS Group lowered their target price on EOG Resources from $167.00 to $154.00 and set a "buy" rating on the stock in a report on Wednesday, September 18th. Piper Sandler downgraded 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 research note on Monday, November 18th. StockNews.com cut shares of EOG Resources from a "buy" rating to a "hold" rating in a research note on Saturday, November 16th. Finally, Wells Fargo & Company lifted their target price on shares of EOG Resources from $135.00 to $147.00 and gave the stock an "equal weight" rating in a research report on Thursday, November 21st. Fifteen investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, EOG Resources currently has an average 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.