Sanctuary Advisors LLC Purchases 7,508 Shares of EOG Resources, Inc. (NYSE:EOG)

Sanctuary Advisors LLC grew its position in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 6.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 120,111 shares of the energy exploration company's stock after acquiring an additional 7,508 shares during the quarter. Sanctuary Advisors LLC's holdings in EOG Resources were worth $16,377,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of EOG. Northwest Investment Counselors LLC acquired a new stake in EOG Resources during the 3rd quarter worth approximately $26,000. MFA Wealth Advisors LLC acquired a new stake in EOG Resources in the 2nd quarter valued at $28,000. Eastern Bank purchased a new position in EOG Resources in the third quarter valued at about $28,000. Gladius Capital Management LP acquired a new position in shares of EOG Resources during the second quarter worth about $30,000. Finally, Capital Performance Advisors LLP acquired a new position in shares of EOG Resources during the third quarter worth about $31,000. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Susquehanna reduced their price target on EOG Resources from $159.00 to $158.00 and set a "positive" rating on the stock in a research report on Wednesday, September 4th. Raymond James increased their price target on EOG Resources from $156.00 to $167.00 and gave the company a "strong-buy" rating in a report on Thursday, November 21st. Benchmark restated a "hold" rating on shares of EOG Resources in a report on Tuesday, November 12th. Barclays cut their target price on shares of EOG Resources from $144.00 to $137.00 and set an "equal weight" rating on the stock in a report on Thursday, October 3rd. Finally, JPMorgan Chase & Co. dropped 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. Fifteen research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, EOG Resources presently has a consensus rating of "Hold" and an average price target of $144.20.

EOG Resources Stock Up 0.2 %

Shares of EOG stock traded up $0.25 on Friday, reaching $126.82. 748,744 shares of the company's stock traded hands, compared to its average volume of 3,115,088. The business's 50 day moving average price is $129.36 and its two-hundred day moving average price is $126.37. The company has a market capitalization of $71.33 billion, a P/E ratio of 10.19, a price-to-earnings-growth ratio of 3.39 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, Inc. has a 12-month low of $108.94 and a 12-month high of $139.67.

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

EOG Resources Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be given a $0.975 dividend. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.08%. This is a positive change from EOG Resources's previous quarterly dividend of $0.91. The ex-dividend date is Friday, January 17th. EOG Resources's dividend payout ratio is 29.31%.

Insider Buying and Selling

In other EOG Resources news, Director Janet F. Clark sold 568 shares of the business's 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 transaction, the director now owns 43,532 shares in the company, valued at $5,891,185.56. The trade was a 1.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.30% of the stock is currently owned by corporate insiders.

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.