SVB Wealth LLC Buys Shares of 63,931 EOG Resources, Inc. (NYSE:EOG)

SVB Wealth LLC bought a new stake in EOG Resources, Inc. (NYSE:EOG - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 63,931 shares of the energy exploration company's stock, valued at approximately $7,837,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Insight Inv LLC raised its stake in shares of EOG Resources by 0.8% during the 3rd 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 in the last quarter. Essex Financial Services Inc. raised its stake in shares of EOG Resources by 1.3% during the 4th quarter. Essex Financial Services Inc. now owns 6,145 shares of the energy exploration company's stock worth $753,000 after purchasing an additional 79 shares in the last quarter. Valmark Advisers Inc. raised its stake in shares of EOG Resources by 2.6% during the 4th quarter. Valmark Advisers Inc. now owns 3,140 shares of the energy exploration company's stock worth $385,000 after purchasing an additional 79 shares in the last quarter. Deseret Mutual Benefit Administrators raised its stake in shares of EOG Resources by 8.8% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 989 shares of the energy exploration company's stock worth $121,000 after purchasing an additional 80 shares in the last quarter. Finally, Advisor OS LLC raised its stake in shares of EOG Resources by 3.1% during the 4th quarter. Advisor OS LLC now owns 2,751 shares of the energy exploration company's stock worth $337,000 after purchasing an additional 82 shares in the last quarter. Institutional investors own 89.91% of the company's stock.

EOG Resources Price Performance

Shares of EOG traded down $6.66 during trading hours on Monday, hitting $120.28. 7,431,360 shares of the company were exchanged, compared to its average volume of 3,039,013. The company has a market cap of $67.65 billion, a price-to-earnings ratio of 9.68, a P/E/G ratio of 3.58 and a beta of 1.27. EOG Resources, Inc. has a fifty-two week low of $115.40 and a fifty-two 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 firm's fifty day moving average is $129.31 and its 200 day moving average is $127.85.

EOG Resources (NYSE:EOG - Get Free Report) last released its earnings results on Friday, February 28th. The energy exploration company reported $2.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.55 by $0.19. The company had revenue of $5.59 billion for the quarter, compared to analyst estimates of $5.96 billion. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. On average, equities analysts anticipate that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources announced that its Board of Directors has authorized a stock repurchase program on Thursday, November 7th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the energy exploration company to purchase up to 7% of its stock through open market purchases. Stock buyback programs are often an indication that the company's leadership believes its shares are undervalued.

EOG Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be issued a dividend of $0.975 per share. This represents a $3.90 annualized dividend and a dividend yield of 3.24%. The ex-dividend date is Wednesday, April 16th. EOG Resources's dividend payout ratio (DPR) is currently 31.40%.

Insider Transactions at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 4,000 shares of the company's stock in a transaction 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 completion of the sale, the chief operating officer now directly owns 42,703 shares in the company, valued at $5,162,365.67. This represents a 8.56 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

EOG has been the topic of a number of analyst reports. Truist Financial upped their price objective on EOG Resources from $135.00 to $137.00 and gave the stock a "hold" rating in a research note on Monday, January 13th. Mizuho decreased their target price on EOG Resources from $156.00 to $148.00 and set an "outperform" rating on the stock in a report on Monday, December 16th. StockNews.com lowered EOG Resources from a "buy" rating to a "hold" rating in a report on Friday, February 21st. Bank of America reissued a "neutral" rating and set a $144.00 target price (down from $151.00) on shares of EOG Resources in a report on Monday, January 13th. Finally, Wolfe Research raised EOG Resources from a "peer perform" rating to an "outperform" rating and set a $143.00 target price on the stock in a report on Friday, January 3rd. Twelve investment 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. Based on data from MarketBeat.com, EOG Resources has a consensus rating of "Moderate Buy" and an average target price of $145.80.

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.