EOG Resources, Inc. (NYSE:EOG) Shares Sold by Royal Fund Management LLC

Royal Fund Management LLC trimmed its position in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 66.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,400 shares of the energy exploration company's stock after selling 20,622 shares during the quarter. Royal Fund Management LLC's holdings in EOG Resources were worth $1,275,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Insight Inv LLC boosted its position in EOG Resources by 0.8% in the third quarter. Insight Inv LLC now owns 9,385 shares of the energy exploration company's stock worth $1,154,000 after purchasing an additional 75 shares during the last quarter. Cape ANN Savings Bank boosted its holdings in shares of EOG Resources by 0.9% in the 3rd quarter. Cape ANN Savings Bank now owns 8,679 shares of the energy exploration company's stock worth $1,067,000 after buying an additional 79 shares during the last quarter. Everpar Advisors LLC grew its position in EOG Resources by 3.6% during the third quarter. Everpar Advisors LLC now owns 2,380 shares of the energy exploration company's stock valued at $293,000 after buying an additional 83 shares during the period. Rosenberg Matthew Hamilton increased its holdings in EOG Resources by 3.0% during the fourth quarter. Rosenberg Matthew Hamilton now owns 2,921 shares of the energy exploration company's stock worth $358,000 after buying an additional 84 shares during the last quarter. Finally, Grove Bank & Trust raised its position in EOG Resources by 10.0% in the fourth quarter. Grove Bank & Trust now owns 928 shares of the energy exploration company's stock worth $114,000 after acquiring an additional 84 shares during the period. Institutional investors own 89.91% of the company's stock.

Insider Buying and Selling

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the company's stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $120.89, for a total transaction of $483,560.00. Following the sale, the chief operating officer now directly owns 42,703 shares of the company's stock, valued at $5,162,365.67. This represents a 8.56 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 sale, the director now directly owns 43,532 shares in the company, valued at approximately $5,891,185.56. The trade was a 1.29 % decrease in their position. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on EOG. Benchmark reissued a "hold" rating on shares of EOG Resources in a research report on Monday, January 13th. Raymond James raised their target price on EOG Resources from $156.00 to $167.00 and gave the stock a "strong-buy" rating in a research report on Thursday, November 21st. Wells Fargo & Company raised EOG Resources from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $147.00 to $150.00 in a research report on Tuesday, December 17th. Royal Bank of Canada reissued a "sector perform" rating and issued a $150.00 price objective on shares of EOG Resources in a report on Monday, January 6th. Finally, Truist Financial upped their price objective on shares of EOG Resources from $135.00 to $137.00 and gave the company a "hold" rating in a report on Monday, January 13th. Thirteen analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $143.48.

EOG Resources Stock Down 1.4 %

Shares of EOG stock traded down $1.97 during mid-day trading on Wednesday, hitting $134.07. The company's stock had a trading volume of 3,376,455 shares, compared to its average volume of 3,326,396. The business has a 50-day moving average price of $129.10 and a 200 day moving average price of $127.22. EOG Resources, Inc. has a 52-week low of $108.94 and a 52-week high of $139.67. The stock has a market cap of $75.41 billion, a price-to-earnings ratio of 10.79, a PEG ratio of 3.77 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 (NYSE:EOG - Get Free Report) last released its quarterly earnings results on Thursday, November 7th. The energy exploration company reported $2.89 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.73 by $0.16. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. The firm had revenue of $5.97 billion for the quarter, compared to the consensus estimate of $6.03 billion. During the same period last year, the business posted $3.44 EPS. Research analysts predict that EOG Resources, Inc. will post 11.45 EPS for the current fiscal year.

EOG Resources announced that its board has authorized a share repurchase program 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 buy up to 7% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's leadership believes its stock is undervalued.

EOG Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be paid a $0.975 dividend. This is a positive change from EOG Resources's previous quarterly dividend of $0.91. The ex-dividend date is Friday, January 17th. This represents a $3.90 dividend on an annualized basis and a dividend yield of 2.91%. EOG Resources's dividend payout ratio is 31.40%.

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.