KBC Group NV Has $14.65 Million Position in EOG Resources, Inc. (NYSE:EOG)

KBC Group NV boosted its holdings in EOG Resources, Inc. (NYSE:EOG - Free Report) by 11.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 119,132 shares of the energy exploration company's stock after buying an additional 12,210 shares during the period. KBC Group NV's holdings in EOG Resources were worth $14,645,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

A number of research firms recently issued reports on EOG. Morgan Stanley reduced their price objective on 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. KeyCorp cut 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. Barclays decreased their price objective on EOG Resources from $144.00 to $137.00 and set an "equal weight" rating for the company in a report on Thursday, October 3rd. Evercore ISI reduced their price target on EOG Resources from $150.00 to $145.00 and set an "outperform" rating for the company in a research report on Monday, September 30th. Finally, Benchmark reissued a "hold" rating on shares of EOG Resources in a research note on Tuesday. Fourteen investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, EOG Resources presently has an average rating of "Hold" and an average price target of $142.20.

Insiders Place Their Bets

In related news, Director Charles R. Crisp sold 6,500 shares of EOG Resources stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $125.60, for a total transaction of $816,400.00. Following the sale, the director now directly owns 60,892 shares of the company's stock, valued at $7,648,035.20. This trade represents a 9.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Michael P. Donaldson sold 11,037 shares of the business's stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $129.50, for a total value of $1,429,291.50. Following the sale, the executive vice president now owns 74,250 shares in the company, valued at approximately $9,615,375. This represents a 12.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.30% of the company's stock.

EOG Resources Stock Down 0.5 %

Shares of NYSE EOG traded down $0.63 during mid-day trading on Friday, reaching $134.56. The company had a trading volume of 2,279,909 shares, compared to its average volume of 3,134,220. The stock has a market capitalization of $75.68 billion, a PE ratio of 10.84, a price-to-earnings-growth ratio of 3.56 and a beta of 1.28. EOG Resources, Inc. has a twelve month low of $108.94 and a twelve month high of $139.67. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. The stock's 50 day moving average is $126.25 and its 200-day moving average is $126.03.

EOG Resources Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be issued a dividend of $0.975 per share. This is a positive change from EOG Resources's previous quarterly dividend of $0.91. This represents a $3.90 annualized dividend and a yield of 2.90%. The ex-dividend date of this dividend is Friday, January 17th. EOG Resources's dividend payout ratio (DPR) is 29.31%.

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

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.