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EOG Resources, Inc. (NYSE:EOG) Shares Purchased by HB Wealth Management LLC

EOG Resources logo with Oils/Energy background

HB Wealth Management LLC increased its position in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 17.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,723 shares of the energy exploration company's stock after buying an additional 2,212 shares during the period. HB Wealth Management LLC's holdings in EOG Resources were worth $1,805,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Northwest Investment Counselors LLC bought a new stake in shares of EOG Resources in the 3rd quarter valued at about $26,000. Decker Retirement Planning Inc. bought a new position in EOG Resources in the fourth quarter worth approximately $27,000. Eastern Bank bought a new position in EOG Resources in the third quarter worth approximately $28,000. Capital Performance Advisors LLP bought a new stake in EOG Resources during the 3rd quarter valued at $31,000. Finally, HM Payson & Co. increased its holdings in shares of EOG Resources by 203.7% in the 3rd quarter. HM Payson & Co. now owns 328 shares of the energy exploration company's stock valued at $40,000 after acquiring an additional 220 shares during the period. 89.91% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Citigroup upped their price objective on EOG Resources from $127.00 to $134.00 and gave the stock a "neutral" rating in a research note on Tuesday, November 26th. Mizuho lowered their price target on shares of EOG Resources from $156.00 to $148.00 and set an "outperform" rating on the stock in a report on Monday, December 16th. Royal Bank of Canada reiterated a "sector perform" rating and set a $150.00 price objective on shares of EOG Resources in a research note on Monday, January 6th. Benchmark restated a "hold" rating on shares of EOG Resources in a research note on Monday, January 13th. Finally, Barclays reduced their price target on EOG Resources from $144.00 to $137.00 and set an "equal weight" rating on the stock in a research report on Thursday, October 3rd. Thirteen analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, EOG Resources currently has an average rating of "Hold" and a consensus price target of $143.48.

Get Our Latest Report on EOG Resources

Insider Activity at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $120.89, for a total transaction of $483,560.00. Following the sale, the chief operating officer now directly owns 42,703 shares of the company's stock, valued at $5,162,365.67. This represents a 8.56 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Janet F. Clark sold 568 shares of the firm's stock in a transaction dated Tuesday, November 19th. The shares were 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. 0.20% of the stock is owned by company insiders.

EOG Resources Stock Performance

NYSE EOG traded down $0.49 on Tuesday, reaching $136.09. 3,705,975 shares of the company's stock traded hands, compared to its average volume of 3,318,279. The stock has a 50 day moving average price of $129.04 and a 200-day moving average price of $127.14. The firm has a market cap of $76.54 billion, a price-to-earnings ratio of 10.96, a P/E/G ratio of 3.77 and a beta of 1.29. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. EOG Resources, Inc. has a fifty-two week low of $108.94 and a fifty-two week high of $139.67.

EOG Resources Increases Dividend

The business also recently announced 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. This is an increase 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 dividend on an annualized basis and a dividend yield of 2.87%. EOG Resources's dividend payout ratio is presently 31.40%.

EOG Resources announced that its Board of Directors has approved a stock repurchase plan on Thursday, November 7th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the energy exploration company to repurchase up to 7% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's management believes its shares are undervalued.

EOG Resources Profile

(Free Report)

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.

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Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)

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