Huntington National Bank Has $44.97 Million Position in EOG Resources, Inc. (NYSE:EOG)

Huntington National Bank boosted its stake in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 4.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 365,792 shares of the energy exploration company's stock after acquiring an additional 14,305 shares during the quarter. Huntington National Bank owned 0.06% of EOG Resources worth $44,967,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in EOG. UniSuper Management Pty Ltd grew its stake in EOG Resources by 228.4% during the first quarter. UniSuper Management Pty Ltd now owns 15,626 shares of the energy exploration company's stock worth $1,998,000 after buying an additional 10,868 shares during the last quarter. University of Texas Texas AM Investment Management Co. grew its position in EOG Resources by 3,976.8% during the 2nd quarter. University of Texas Texas AM Investment Management Co. now owns 10,885 shares of the energy exploration company's stock worth $1,370,000 after acquiring an additional 10,618 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in EOG Resources by 23.3% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 25,102 shares of the energy exploration company's stock valued at $3,209,000 after purchasing an additional 4,749 shares in the last quarter. Sequoia Financial Advisors LLC raised its position in EOG Resources by 44.2% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 10,603 shares of the energy exploration company's stock valued at $1,303,000 after purchasing an additional 3,251 shares during the last quarter. Finally, Canada Pension Plan Investment Board grew its holdings in shares of EOG Resources by 67.3% during the first quarter. Canada Pension Plan Investment Board now owns 843,682 shares of the energy exploration company's stock worth $107,856,000 after purchasing an additional 339,480 shares during the last quarter. Institutional investors and hedge funds own 89.91% of the company's stock.

Insider Activity

In related news, Director Charles R. Crisp sold 6,500 shares of the business's stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $125.60, for a total value of $816,400.00. Following the completion of the sale, the director now directly owns 60,892 shares in the company, valued at approximately $7,648,035.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, EVP Michael P. Donaldson sold 11,037 shares of the business's stock in a transaction on Monday, August 26th. The stock was sold at an average price of $129.50, for a total transaction of $1,429,291.50. Following the completion of the transaction, the executive vice president now owns 74,250 shares of the company's stock, valued at approximately $9,615,375. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Charles R. Crisp sold 6,500 shares of the firm's stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $125.60, for a total value of $816,400.00. Following the completion of the sale, the director now directly owns 60,892 shares in the company, valued at $7,648,035.20. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by company insiders.

EOG Resources Stock Performance

Shares of NYSE:EOG traded down $0.67 during trading on Thursday, reaching $133.68. 867,638 shares of the stock were exchanged, compared to its average volume of 3,130,493. EOG Resources, Inc. has a 12 month low of $108.94 and a 12 month high of $139.67. The stock has a 50-day moving average price of $125.70 and a 200-day moving average price of $125.98. 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 firm has a market cap of $75.19 billion, a PE ratio of 10.82, a PEG ratio of 3.53 and a beta of 1.28.

EOG Resources declared that its Board of Directors has approved a stock buyback plan on Thursday, November 7th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the energy exploration company to buy up to 7% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board of directors believes its shares are 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 dividend of $0.975 per share. The ex-dividend date is Friday, January 17th. This represents a $3.90 dividend on an annualized basis and a dividend yield of 2.92%. This is an increase from EOG Resources's previous quarterly dividend of $0.91. EOG Resources's dividend payout ratio (DPR) is currently 29.31%.

Analysts Set New Price Targets

A number of brokerages have commented on EOG. Wolfe Research assumed coverage on shares of EOG Resources in a report on Thursday, July 18th. They set a "peer perform" rating on the stock. Morgan Stanley decreased their price objective on EOG Resources from $134.00 to $132.00 and set an "equal weight" rating on the stock in a research report on Monday, September 16th. JPMorgan Chase & Co. dropped their target price on EOG Resources from $143.00 to $135.00 and set a "neutral" rating for the company in a research report on Thursday, September 12th. Scotiabank dropped their price objective on EOG Resources from $150.00 to $140.00 and set a "sector perform" rating for the company in a report on Thursday, October 10th. Finally, Piper Sandler lowered their price target on shares of EOG Resources from $154.00 to $147.00 and set an "overweight" rating for the company in a research report on Thursday, August 15th. Thirteen investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $142.20.

About EOG Resources

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.