LVM Capital Management Ltd. MI Has $10.02 Million Stock Position in EOG Resources, Inc. (NYSE:EOG)

LVM Capital Management Ltd. MI boosted its stake in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 135.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 81,762 shares of the energy exploration company's stock after purchasing an additional 46,991 shares during the quarter. EOG Resources comprises 1.1% of LVM Capital Management Ltd. MI's portfolio, making the stock its 29th largest holding. LVM Capital Management Ltd. MI's holdings in EOG Resources were worth $10,022,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EOG. Acadian Asset Management LLC acquired a new stake in EOG Resources during the second quarter worth $2,251,000. Choreo LLC acquired a new position in EOG Resources in the second quarter worth about $1,195,000. Coldstream Capital Management Inc. lifted its stake in EOG Resources by 8.2% during the second quarter. Coldstream Capital Management Inc. now owns 5,785 shares of the energy exploration company's stock worth $728,000 after purchasing an additional 436 shares during the period. Angeles Wealth Management LLC acquired a new stake in EOG Resources during the second quarter valued at approximately $389,000. Finally, AdvisorShares Investments LLC acquired a new position in shares of EOG Resources in the 2nd quarter worth approximately $438,000. Institutional investors and hedge funds own 89.91% of the company's stock.

EOG Resources Trading Up 2.4 %

Shares of NYSE:EOG traded up $3.08 during midday trading on Friday, hitting $131.54. 4,882,823 shares of the stock were exchanged, compared to its average volume of 3,218,920. The business's 50-day moving average price is $127.97 and its 200 day moving average price is $126.68. EOG Resources, Inc. has a 12 month low of $108.94 and a 12 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 has a market capitalization of $73.98 billion, a price-to-earnings ratio of 10.59, a P/E/G ratio of 3.37 and a beta of 1.29.

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

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 paid a dividend of $0.975 per share. The ex-dividend date of this dividend is Friday, January 17th. This represents a $3.90 annualized dividend and a dividend yield of 2.96%. This is an increase from EOG Resources's previous quarterly dividend of $0.91. EOG Resources's dividend payout ratio (DPR) is presently 29.31%.

Insider Transactions at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the firm's stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $120.89, for a total transaction of $483,560.00. Following the completion of the transaction, the chief operating officer now owns 42,703 shares in the company, valued at approximately $5,162,365.67. This trade represents a 8.56 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Janet F. Clark sold 568 shares of the company's stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $135.33, for a total transaction of $76,867.44. Following the completion of the sale, the director now directly owns 43,532 shares in the company, valued at approximately $5,891,185.56. This represents a 1.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.30% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts have issued reports on EOG shares. KeyCorp dropped their price objective on EOG Resources from $157.00 to $150.00 and set an "overweight" rating for the company in a research note on Wednesday, October 16th. Piper Sandler reduced their price target on shares of EOG Resources from $149.00 to $140.00 and set a "neutral" rating on the stock in a research report on Tuesday, December 17th. Truist Financial raised their price objective on shares of EOG Resources from $115.00 to $135.00 and gave the stock a "hold" rating in a report on Tuesday, November 12th. JPMorgan Chase & Co. reduced their target price on EOG Resources from $143.00 to $135.00 and set a "neutral" rating on the stock in a report on Thursday, September 12th. Finally, Citigroup raised their price target on EOG Resources from $127.00 to $134.00 and gave the company a "neutral" rating in a report on Tuesday, November 26th. Thirteen analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $143.71.

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.