Integrated Investment Consultants LLC Buys Shares of 12,027 EOG Resources, Inc. (NYSE:EOG)

Integrated Investment Consultants LLC acquired a new position in EOG Resources, Inc. (NYSE:EOG - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 12,027 shares of the energy exploration company's stock, valued at approximately $1,478,000.

Other large investors have also recently made changes to their positions in the company. Northwest Investment Counselors LLC bought a new position in EOG Resources in the 3rd quarter worth about $26,000. Riverview Trust Co purchased a new position in EOG Resources during the 2nd quarter valued at about $27,000. MFA Wealth Advisors LLC purchased a new stake in EOG Resources in the second quarter worth $28,000. Eastern Bank purchased a new stake in shares of EOG Resources in the 3rd quarter worth about $28,000. Finally, Gladius Capital Management LP purchased a new position in shares of EOG Resources during the 2nd quarter worth approximately $30,000. 89.91% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on EOG shares. Truist Financial upped their price target on shares of EOG Resources from $115.00 to $135.00 and gave the stock a "hold" rating in a research note on Tuesday, November 12th. UBS Group lowered their price target on shares of EOG Resources from $167.00 to $154.00 and set a "buy" rating on the stock in a report on Wednesday, September 18th. Wells Fargo & Company upped their target price on shares of EOG Resources from $135.00 to $147.00 and gave the stock an "equal weight" rating in a report on Thursday. Barclays lowered their price objective 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. Finally, Scotiabank dropped their price target on EOG Resources from $150.00 to $140.00 and set a "sector perform" rating for the company in a research note on Thursday, October 10th. Fifteen research 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, the stock has an average rating of "Hold" and an average price target of $142.90.

EOG Resources Price Performance

EOG stock opened at $136.23 on Thursday. EOG Resources, Inc. has a 1 year low of $108.94 and a 1 year high of $139.67. The business's 50-day moving average is $127.27 and its two-hundred day moving average is $126.10. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. The firm has a market capitalization of $76.62 billion, a P/E ratio of 10.97, a P/E/G ratio of 3.58 and a beta of 1.28.

EOG Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be given a dividend of $0.975 per share. This is a boost from EOG Resources's previous quarterly dividend of $0.91. This represents a $3.90 annualized dividend and a dividend yield of 2.86%. The ex-dividend date is Friday, January 17th. EOG Resources's dividend payout ratio is currently 29.31%.

EOG Resources announced that its board has approved a stock buyback program on Thursday, November 7th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the energy exploration company to buy up to 7% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's board believes its shares are undervalued.

Insider Transactions at EOG Resources

In other EOG Resources news, EVP Michael P. Donaldson sold 11,037 shares of EOG Resources stock in a transaction that occurred 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 transaction, the executive vice president now owns 74,250 shares of the company's stock, valued at $9,615,375. The trade was a 12.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Janet F. Clark sold 568 shares of the business's stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $135.33, for a total value of $76,867.44. Following the completion of the sale, the director now owns 43,532 shares of the company's stock, valued at approximately $5,891,185.56. This represents a 1.29 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.30% of the company's stock.

EOG Resources Company 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.

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