EOG Resources, Inc. (NYSE:EOG) Shares Sold by Lake Street Private Wealth LLC

Lake Street Private Wealth LLC reduced its stake in EOG Resources, Inc. (NYSE:EOG - Free Report) by 18.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,836 shares of the energy exploration company's stock after selling 3,691 shares during the period. Lake Street Private Wealth LLC's holdings in EOG Resources were worth $1,941,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. B & T Capital Management DBA Alpha Capital Management raised its holdings in shares of EOG Resources by 0.7% during the 4th quarter. B & T Capital Management DBA Alpha Capital Management now owns 20,755 shares of the energy exploration company's stock worth $2,544,000 after acquiring an additional 149 shares in the last quarter. Brooklyn Investment Group grew its holdings in shares of EOG Resources by 17.5% in the fourth quarter. Brooklyn Investment Group now owns 3,858 shares of the energy exploration company's stock valued at $473,000 after purchasing an additional 575 shares in the last quarter. Sax Wealth Advisors LLC bought a new stake in EOG Resources in the fourth quarter worth $286,000. Merit Financial Group LLC raised its stake in EOG Resources by 32.3% during the fourth quarter. Merit Financial Group LLC now owns 5,710 shares of the energy exploration company's stock valued at $700,000 after purchasing an additional 1,395 shares in the last quarter. Finally, Butensky & Cohen Financial Security Inc. lifted its position in EOG Resources by 10.1% during the fourth quarter. Butensky & Cohen Financial Security Inc. now owns 37,920 shares of the energy exploration company's stock valued at $4,648,000 after purchasing an additional 3,465 shares during the last quarter. Hedge funds and other institutional investors own 89.91% of the company's stock.

EOG Resources Stock Down 1.0 %

Shares of EOG stock traded down $1.35 on Friday, hitting $136.70. The stock had a trading volume of 2,837,860 shares, compared to its average volume of 2,785,113. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. EOG Resources, Inc. has a one year low of $108.94 and a one year high of $139.67. The business has a 50 day moving average price of $128.96 and a 200 day moving average price of $127.07. The company has a market cap of $76.89 billion, a PE ratio of 11.01, a P/E/G ratio of 3.63 and a beta of 1.29.

EOG Resources Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be given a $0.975 dividend. This represents a $3.90 annualized dividend and a dividend yield of 2.85%. The ex-dividend date of this dividend is Friday, January 17th. This is a boost from EOG Resources's previous quarterly dividend of $0.91. EOG Resources's dividend payout ratio is presently 29.31%.

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

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Citigroup boosted their target price on shares of EOG Resources from $127.00 to $134.00 and gave the stock a "neutral" rating in a report on Tuesday, November 26th. Piper Sandler reduced their price objective on EOG Resources from $149.00 to $140.00 and set a "neutral" rating on the stock in a research note on Tuesday, December 17th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $150.00 price objective on shares of EOG Resources in a research note on Monday, January 6th. Truist Financial boosted their target price on EOG Resources from $135.00 to $137.00 and gave the company a "hold" rating in a research report on Monday, January 13th. Finally, Mizuho lowered their price target on EOG Resources from $156.00 to $148.00 and set an "outperform" rating for the company in a research report on Monday, December 16th. Thirteen analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $143.48.

Insider Activity at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $120.89, for a total value of $483,560.00. Following the transaction, the chief operating officer now owns 42,703 shares in the company, valued at $5,162,365.67. The trade was a 8.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 sale, the director now directly owns 43,532 shares of the company's stock, valued at approximately $5,891,185.56. The trade was 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 currently owned by corporate insiders.

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.