EOG Resources, Inc. (NYSE:EOG) Shares Sold by Stifel Financial Corp

Stifel Financial Corp lessened its stake in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 2.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 451,084 shares of the energy exploration company's stock after selling 9,860 shares during the period. Stifel Financial Corp owned approximately 0.08% of EOG Resources worth $55,456,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of EOG. CWM LLC grew its position in EOG Resources by 3.1% during the 2nd quarter. CWM LLC now owns 17,041 shares of the energy exploration company's stock worth $2,145,000 after purchasing an additional 511 shares during the last quarter. Diversify Advisory Services LLC acquired a new stake in EOG Resources during the 2nd quarter valued at approximately $638,000. Unison Advisors LLC lifted its stake in EOG Resources by 0.7% during the 2nd quarter. Unison Advisors LLC now owns 29,087 shares of the energy exploration company's stock valued at $3,661,000 after acquiring an additional 194 shares during the period. MJP Associates Inc. ADV lifted its stake in EOG Resources by 5.9% during the 2nd quarter. MJP Associates Inc. ADV now owns 2,661 shares of the energy exploration company's stock valued at $335,000 after acquiring an additional 149 shares during the period. Finally, Czech National Bank lifted its stake in EOG Resources by 6.7% during the 2nd quarter. Czech National Bank now owns 109,517 shares of the energy exploration company's stock valued at $13,785,000 after acquiring an additional 6,912 shares during the period. Hedge funds and other institutional investors own 89.91% of the company's stock.

Insider Transactions at EOG Resources

In other news, 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 completion of the sale, the director now owns 43,532 shares of the company's stock, valued at $5,891,185.56. This represents a 1.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.30% of the company's stock.

Analyst Ratings Changes

Several analysts have commented on the stock. Evercore ISI decreased their price objective 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. Benchmark restated a "hold" rating on shares of EOG Resources in a research note on Tuesday, November 12th. Citigroup lifted their price objective on shares of EOG Resources from $127.00 to $134.00 and gave the company a "neutral" rating in a research note on Tuesday, November 26th. Morgan Stanley decreased their target price on shares of EOG Resources from $134.00 to $132.00 and set an "equal weight" rating for the company in a research note on Monday, September 16th. Finally, Truist Financial boosted their target price on shares of EOG Resources from $115.00 to $135.00 and gave the company a "hold" rating in a research note on Tuesday, November 12th. Fifteen analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, EOG Resources presently has an average rating of "Hold" and a consensus price target of $144.20.

EOG Resources Price Performance

NYSE:EOG traded down $2.21 during trading hours on Friday, reaching $127.81. 2,927,912 shares of the company were exchanged, compared to its average volume of 2,803,760. EOG Resources, Inc. has a twelve month low of $108.94 and a twelve month high of $139.67. The firm has a market cap of $71.89 billion, a PE ratio of 10.29, a price-to-earnings-growth ratio of 3.44 and a beta of 1.29. The stock's 50-day moving average is $129.37 and its 200-day moving average is $126.31. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13.

EOG Resources announced that its board has initiated a stock buyback program on Thursday, November 7th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the energy exploration company to purchase up to 7% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's management believes its shares are undervalued.

EOG Resources Increases Dividend

The firm also recently announced 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 is a positive change 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 dividend on an annualized basis and a dividend yield of 3.05%. EOG Resources's dividend payout ratio is presently 29.31%.

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.