EOG Resources, Inc. (NYSE:EOG) Stock Position Lifted by Swedbank AB

Swedbank AB lifted its holdings in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 62.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 364,021 shares of the energy exploration company's stock after acquiring an additional 140,589 shares during the quarter. Swedbank AB owned about 0.06% of EOG Resources worth $44,622,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Northwest Investment Counselors LLC purchased a new stake in shares of EOG Resources in the third quarter worth about $26,000. Decker Retirement Planning Inc. purchased a new position in EOG Resources in the 4th quarter worth approximately $27,000. Eastern Bank acquired a new stake in EOG Resources in the third quarter valued at approximately $28,000. Capital Performance Advisors LLP purchased a new stake in shares of EOG Resources during the third quarter valued at approximately $31,000. Finally, HM Payson & Co. lifted its position in shares of EOG Resources by 203.7% during the third quarter. HM Payson & Co. now owns 328 shares of the energy exploration company's stock worth $40,000 after purchasing an additional 220 shares in the last quarter. 89.91% of the stock is owned by hedge funds and other institutional investors.

EOG Resources Stock Performance

EOG traded down $0.44 during trading hours on Thursday, hitting $129.79. The company's stock had a trading volume of 432,067 shares, compared to its average volume of 3,013,572. 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, Inc. has a fifty-two week low of $108.94 and a fifty-two week high of $139.67. The company has a 50-day simple moving average of $128.70 and a 200 day simple moving average of $127.43. The firm has a market capitalization of $73.00 billion, a PE ratio of 10.45, a PEG ratio of 3.68 and a beta of 1.29.

EOG Resources (NYSE:EOG - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The energy exploration company reported $2.89 earnings per share for the quarter, topping the consensus estimate of $2.73 by $0.16. The business had revenue of $5.97 billion during the quarter, compared to the consensus estimate of $6.03 billion. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. During the same quarter in the prior year, the company posted $3.44 earnings per share. As a group, sell-side analysts expect that EOG Resources, Inc. will post 11.45 EPS for the current year.

EOG Resources Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders 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 yield of 3.00%. This is an increase 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 31.40%.

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

Wall Street Analyst Weigh In

Several research firms recently issued reports on EOG. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $150.00 price target on shares of EOG Resources in a research note on Monday, January 6th. Mizuho dropped their target price on EOG Resources from $156.00 to $148.00 and set an "outperform" rating on the stock in a research report on Monday, December 16th. Truist Financial increased their price target on EOG Resources from $135.00 to $137.00 and gave the company a "hold" rating in a report on Monday, January 13th. KeyCorp dropped their price objective on EOG Resources from $157.00 to $150.00 and set an "overweight" rating on the stock in a report on Wednesday, October 16th. Finally, Wolfe Research raised shares of EOG Resources from a "peer perform" rating to an "outperform" rating and set a $143.00 price target for the company in a research report on Friday, January 3rd. Thirteen analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, EOG Resources presently has a consensus rating of "Hold" and a consensus target price of $143.90.

Insider Buying and Selling at EOG Resources

In other EOG Resources news, Director Janet F. Clark sold 568 shares of the company's stock in a transaction on 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 of the company's stock, valued at approximately $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 accessible through this hyperlink. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the firm's stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $120.89, for a total value of $483,560.00. Following the sale, the chief operating officer now directly owns 42,703 shares of the company's stock, valued at approximately $5,162,365.67. This represents a 8.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by corporate insiders.

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.