Prospera Financial Services Inc Has $1.39 Million Stake in EOG Resources, Inc. (NYSE:EOG)

Prospera Financial Services Inc grew its stake in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 62.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,313 shares of the energy exploration company's stock after buying an additional 4,338 shares during the period. Prospera Financial Services Inc's holdings in EOG Resources were worth $1,391,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of EOG. Caprock Group LLC increased its holdings in shares of EOG Resources by 7.7% in the third quarter. Caprock Group LLC now owns 12,112 shares of the energy exploration company's stock worth $1,489,000 after acquiring an additional 862 shares in the last quarter. University of Texas Texas AM Investment Management Co. increased its position in shares of EOG Resources by 3,976.8% during the second quarter. University of Texas Texas AM Investment Management Co. now owns 10,885 shares of the energy exploration company's stock worth $1,370,000 after acquiring an additional 10,618 shares in the last quarter. KBC Group NV raised its holdings in shares of EOG Resources by 11.4% during the third 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% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 10,603 shares of the energy exploration company's stock valued at $1,303,000 after acquiring an additional 3,251 shares in the last quarter. Finally, Canada Pension Plan Investment Board boosted its stake in EOG Resources by 67.3% in the 1st quarter. Canada Pension Plan Investment Board now owns 843,682 shares of the energy exploration company's stock worth $107,856,000 after purchasing an additional 339,480 shares during the period. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Michael P. Donaldson sold 11,037 shares of the 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 owns 74,250 shares of the company's stock, valued at approximately $9,615,375. This represents a 12.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Janet F. Clark sold 568 shares of EOG Resources stock in a transaction that occurred 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 sale, the director now directly owns 43,532 shares in the company, valued at $5,891,185.56. This trade 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 currently owned by company insiders.

EOG Resources Price Performance

Shares of NYSE:EOG traded up $0.85 during trading on Friday, reaching $136.35. 2,514,865 shares of the company traded hands, compared to its average volume of 3,124,417. The firm has a market capitalization of $76.69 billion, a PE ratio of 10.98, a PEG ratio of 3.58 and a beta of 1.28. EOG Resources, Inc. has a 52 week low of $108.94 and a 52 week high of $139.67. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. The company's 50 day moving average is $127.95 and its two-hundred day moving average is $126.20.

EOG Resources announced that its board has approved a share buyback plan 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 repurchase up to 7% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board believes its stock is undervalued.

EOG Resources Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be issued a dividend of $0.975 per share. This represents a $3.90 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date is Friday, January 17th. This is an increase from EOG Resources's previous quarterly dividend of $0.91. EOG Resources's dividend payout ratio is 31.40%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on EOG shares. Susquehanna reduced their price objective on EOG Resources from $159.00 to $158.00 and set a "positive" rating for the company in a research report on Wednesday, September 4th. Evercore ISI decreased their price target on shares of EOG Resources from $150.00 to $145.00 and set an "outperform" rating for the company in a research note on Monday, September 30th. Truist Financial increased their target price 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. Wells Fargo & Company increased their price objective on shares of EOG Resources from $135.00 to $147.00 and gave the stock an "equal weight" rating in a research note on Thursday. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $145.00 target price on shares of EOG Resources in a research report on Monday, October 14th. Fifteen equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $144.00.

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.