Groupama Asset Managment Sells 8,403 Shares of EOG Resources, Inc. (NYSE:EOG)

Groupama Asset Managment trimmed its stake in EOG Resources, Inc. (NYSE:EOG - Free Report) by 9.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 76,243 shares of the energy exploration company's stock after selling 8,403 shares during the period. Groupama Asset Managment's holdings in EOG Resources were worth $94,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Northwest Investment Counselors LLC bought a new position in shares of EOG Resources during the third quarter worth about $26,000. MFA Wealth Advisors LLC acquired a new position in shares of EOG Resources in the 2nd quarter worth approximately $28,000. Eastern Bank bought a new stake in shares of EOG Resources in the 3rd quarter valued at $28,000. Gladius Capital Management LP acquired a new stake in shares of EOG Resources during the second quarter worth $30,000. Finally, Capital Performance Advisors LLP bought a new position in EOG Resources during the third quarter worth $31,000. 89.91% of the stock is owned by institutional investors.

Insider Activity at EOG Resources

In related news, Director Janet F. Clark sold 568 shares of the stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $135.33, for a total transaction of $76,867.44. Following the completion of the transaction, the director now owns 43,532 shares in the company, valued at approximately $5,891,185.56. This represents a 1.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.20% of the stock is owned by insiders.

EOG Resources Stock Down 1.0 %

EOG Resources stock traded down $1.23 during trading on Tuesday, hitting $126.62. 3,440,463 shares of the company were exchanged, compared to its average volume of 3,118,134. 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 business's 50 day moving average is $129.46 and its 200 day moving average is $126.34. EOG Resources, Inc. has a 52 week low of $108.94 and a 52 week high of $139.67. The company has a market capitalization of $71.21 billion, a P/E ratio of 10.19, a PEG ratio of 3.40 and a beta of 1.29.

EOG Resources announced that its board has approved a share repurchase program 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 buy up to 7% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's management believes its stock is undervalued.

EOG Resources Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be issued a $0.975 dividend. The ex-dividend date is Friday, January 17th. This represents a $3.90 annualized dividend and a dividend yield of 3.08%. This is an increase from EOG Resources's previous quarterly dividend of $0.91. EOG Resources's dividend payout ratio is currently 29.31%.

Wall Street Analysts Forecast Growth

EOG has been the subject of a number of recent analyst reports. Piper Sandler downgraded EOG Resources from an "overweight" rating to a "neutral" rating and increased their price target for the stock from $147.00 to $149.00 in a report on Monday, November 18th. Evercore ISI decreased their target price on EOG Resources from $150.00 to $145.00 and set an "outperform" rating for the company in a research note on Monday, September 30th. Barclays dropped their price target on EOG Resources from $144.00 to $137.00 and set an "equal weight" rating on the stock in a research note on Thursday, October 3rd. Morgan Stanley reduced their price objective on shares of EOG Resources from $134.00 to $132.00 and set an "equal weight" rating for the company in a research report on Monday, September 16th. Finally, StockNews.com downgraded shares of EOG Resources from a "buy" rating to a "hold" rating in a research report on Saturday, November 16th. Fifteen equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average 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.