Mizuho Securities USA LLC Sells 7,442 Shares of EOG Resources, Inc. (NYSE:EOG)

Mizuho Securities USA LLC lowered its position in EOG Resources, Inc. (NYSE:EOG - Free Report) by 16.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 36,871 shares of the energy exploration company's stock after selling 7,442 shares during the period. Mizuho Securities USA LLC's holdings in EOG Resources were worth $4,533,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Caprock Group LLC grew its holdings in EOG Resources by 7.7% during the third quarter. Caprock Group LLC now owns 12,112 shares of the energy exploration company's stock valued at $1,489,000 after purchasing an additional 862 shares during the last quarter. University of Texas Texas AM Investment Management Co. grew its stake in EOG Resources by 3,976.8% in the 2nd quarter. University of Texas Texas AM Investment Management Co. now owns 10,885 shares of the energy exploration company's stock valued at $1,370,000 after buying an additional 10,618 shares during the last quarter. KBC Group NV raised its holdings in EOG Resources by 11.4% in the 3rd quarter. KBC Group NV now owns 119,132 shares of the energy exploration company's stock worth $14,645,000 after acquiring an additional 12,210 shares during the period. Sequoia Financial Advisors LLC lifted its position in EOG Resources by 44.2% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 10,603 shares of the energy exploration company's stock worth $1,303,000 after acquiring an additional 3,251 shares during the last quarter. Finally, Canada Pension Plan Investment Board boosted its holdings in 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 valued at $107,856,000 after acquiring an additional 339,480 shares during the period. Institutional investors own 89.91% of the company's stock.

Wall Street Analysts Forecast Growth

EOG has been the subject of several recent analyst reports. KeyCorp decreased their target price 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. Susquehanna lowered their price objective on shares of EOG Resources from $159.00 to $158.00 and set a "positive" rating on the stock in a research note on Wednesday, September 4th. Royal Bank of Canada reiterated a "sector perform" rating and set a $145.00 target price on shares of EOG Resources in a research note on Monday, October 14th. Raymond James raised their price target on shares of EOG Resources from $156.00 to $167.00 and gave the stock a "strong-buy" rating in a research report on Thursday. Finally, Truist Financial upped their price objective on shares of EOG Resources from $115.00 to $135.00 and gave the company a "hold" rating in a research report on Tuesday, November 12th. Fifteen research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $144.00.

Insider Buying and Selling

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

EOG Resources Trading Up 0.6 %

Shares of EOG Resources stock traded up $0.85 during trading on Friday, hitting $136.35. The company's stock had a trading volume of 2,514,865 shares, compared to its average volume of 3,124,417. The stock has a market cap of $76.69 billion, a price-to-earnings ratio of 10.98, a price-to-earnings-growth ratio of 3.58 and a beta of 1.28. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. EOG Resources, Inc. has a 52 week low of $108.94 and a 52 week high of $139.67. The stock has a 50-day moving average price of $127.95 and a two-hundred day moving average price of $126.20.

EOG Resources Increases Dividend

The business 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 represents a $3.90 dividend on an annualized basis and a dividend yield of 2.86%. This is an increase from EOG Resources's previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Friday, January 17th. EOG Resources's dividend payout ratio (DPR) is 31.40%.

EOG Resources declared that its Board of Directors has initiated a stock buyback plan on Thursday, November 7th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the energy exploration company to repurchase up to 7% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's board believes its shares are undervalued.

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.