O Brien Greene & Co. Inc Lowers Stock Position in EOG Resources, Inc. (NYSE:EOG)

O Brien Greene & Co. Inc reduced its position in EOG Resources, Inc. (NYSE:EOG - Free Report) by 6.5% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 80,764 shares of the energy exploration company's stock after selling 5,581 shares during the period. EOG Resources accounts for approximately 3.1% of O Brien Greene & Co. Inc's investment portfolio, making the stock its 7th largest holding. O Brien Greene & Co. Inc's holdings in EOG Resources were worth $9,928,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Fisher Asset Management LLC boosted its holdings in EOG Resources by 856.7% during the third quarter. Fisher Asset Management LLC now owns 1,200,851 shares of the energy exploration company's stock worth $147,621,000 after buying an additional 1,075,334 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in EOG Resources in the second quarter worth $106,990,000. Legal & General Group Plc grew its holdings in shares of EOG Resources by 9.1% in the 2nd quarter. Legal & General Group Plc now owns 4,840,705 shares of the energy exploration company's stock valued at $609,300,000 after buying an additional 403,676 shares during the period. National Bank of Canada FI raised its stake in EOG Resources by 237.9% during the 2nd quarter. National Bank of Canada FI now owns 487,920 shares of the energy exploration company's stock worth $61,741,000 after buying an additional 343,527 shares during the period. Finally, Victory Capital Management Inc. lifted its holdings in EOG Resources by 42.8% during the third quarter. Victory Capital Management Inc. now owns 1,113,429 shares of the energy exploration company's stock worth $136,874,000 after acquiring an additional 333,947 shares in the last quarter. Institutional investors own 89.91% of the company's stock.

EOG Resources Stock Performance

EOG traded up $0.04 during trading hours on Monday, reaching $127.85. The company's stock had a trading volume of 3,028,480 shares, compared to its average volume of 3,116,697. The company's 50-day moving average is $129.37 and its 200-day moving average is $126.31. EOG Resources, Inc. has a 52 week low of $108.94 and a 52 week high of $139.67. The firm has a market cap of $71.91 billion, a PE ratio of 10.29, a price-to-earnings-growth ratio of 3.40 and a beta of 1.29. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31.

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

EOG Resources Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be issued a dividend of $0.975 per share. 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. This represents a $3.90 annualized dividend and a dividend yield of 3.05%. EOG Resources's payout ratio is presently 29.31%.

Insider Activity at EOG Resources

In related news, Director Janet F. Clark sold 568 shares of the business's stock in a transaction on 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 sale, the director now directly owns 43,532 shares in the company, valued at $5,891,185.56. The trade was a 1.29 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.20% of the stock is owned by company insiders.

Analyst Ratings Changes

EOG has been the topic of a number of research analyst reports. Scotiabank dropped their price target on EOG Resources from $150.00 to $140.00 and set a "sector perform" rating on the stock in a research report on Thursday, October 10th. UBS Group dropped their target price 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. Citigroup increased their price objective on shares of EOG Resources from $127.00 to $134.00 and gave the stock a "neutral" rating in a research report on Tuesday, November 26th. StockNews.com cut shares of EOG Resources from a "buy" rating to a "hold" rating in a research report on Saturday, November 16th. Finally, Benchmark reiterated a "hold" rating on shares of EOG Resources in a report on Tuesday, November 12th. Fifteen analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $144.20.

EOG Resources 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.