3,200 Shares in EOG Resources, Inc. (NYSE:EOG) Bought by Sustainable Insight Capital Management LLC

Sustainable Insight Capital Management LLC purchased a new position in EOG Resources, Inc. (NYSE:EOG - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,200 shares of the energy exploration company's stock, valued at approximately $392,000.

Several other institutional investors have also modified their holdings of the business. Montecito Bank & Trust boosted its stake in EOG Resources by 9.5% in the 4th quarter. Montecito Bank & Trust now owns 7,522 shares of the energy exploration company's stock worth $922,000 after purchasing an additional 650 shares during the period. New Century Financial Group LLC acquired a new position in shares of EOG Resources during the fourth quarter worth about $216,000. Lifestyle Asset Management Inc. grew its holdings in shares of EOG Resources by 5.8% during the fourth quarter. Lifestyle Asset Management Inc. now owns 8,152 shares of the energy exploration company's stock worth $999,000 after buying an additional 446 shares in the last quarter. Galvin Gaustad & Stein LLC lifted its stake in EOG Resources by 6.6% in the 4th quarter. Galvin Gaustad & Stein LLC now owns 145,262 shares of the energy exploration company's stock valued at $17,806,000 after acquiring an additional 8,945 shares in the last quarter. Finally, Inspire Investing LLC boosted its position in EOG Resources by 5.5% during the 4th quarter. Inspire Investing LLC now owns 10,443 shares of the energy exploration company's stock worth $1,280,000 after acquiring an additional 548 shares during the last quarter. Institutional investors own 89.91% of the company's stock.

Insider Buying and Selling at EOG Resources

In other EOG Resources news, Director Janet F. Clark sold 568 shares of the firm's stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $135.33, for a total value of $76,867.44. Following the sale, the director now 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 sale was disclosed in a filing with the SEC, which is available at this link. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $120.89, for a total value of $483,560.00. Following the completion of the transaction, the chief operating officer now owns 42,703 shares of the company's stock, valued at $5,162,365.67. The trade was a 8.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.30% of the company's stock.

EOG Resources Price Performance

NYSE:EOG traded down $2.25 during trading hours on Friday, reaching $131.73. 3,178,794 shares of the company were exchanged, compared to its average volume of 3,295,012. The business has a 50 day moving average of $129.07 and a 200 day moving average of $127.31. EOG Resources, Inc. has a 1-year low of $108.94 and a 1-year high of $139.67. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. The company has a market capitalization of $74.09 billion, a P/E ratio of 10.61, a P/E/G ratio of 3.68 and a beta of 1.29.

EOG Resources (NYSE:EOG - Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The energy exploration company reported $2.89 EPS for the quarter, topping analysts' consensus estimates of $2.73 by $0.16. The company had revenue of $5.97 billion for the quarter, compared to analysts' expectations of $6.03 billion. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. During the same quarter last year, the business earned $3.44 earnings per share. Research analysts forecast that EOG Resources, Inc. will post 11.45 EPS for the current year.

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

EOG Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be paid a $0.975 dividend. This represents a $3.90 dividend on an annualized basis and a yield of 2.96%. This is a boost from EOG Resources's previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Friday, January 17th. EOG Resources's dividend payout ratio (DPR) is 31.40%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on EOG. Piper Sandler cut their price objective on shares of EOG Resources from $149.00 to $140.00 and set a "neutral" rating on the stock in a research report on Tuesday, December 17th. Truist Financial raised their price objective on EOG Resources from $135.00 to $137.00 and gave the company a "hold" rating in a report on Monday, January 13th. Scotiabank dropped their target price on EOG Resources from $150.00 to $140.00 and set a "sector perform" rating on the stock in a report on Thursday, October 10th. Bank of America restated a "neutral" rating and issued a $144.00 price target (down from $151.00) on shares of EOG Resources in a research note on Monday, January 13th. Finally, KeyCorp cut their price objective on EOG Resources from $157.00 to $150.00 and set an "overweight" rating for the company in a report on Wednesday, October 16th. Thirteen investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $143.86.

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.