EOG Resources, Inc. (NYSE:EOG) Shares Bought by Swedbank AB

Swedbank AB increased its holdings in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 132.0% in the third quarter, according to its most recent filing with the SEC. The fund owned 223,432 shares of the energy exploration company's stock after acquiring an additional 127,126 shares during the period. Swedbank AB's holdings in EOG Resources were worth $27,466,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its holdings in shares of EOG Resources by 0.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 17,411,032 shares of the energy exploration company's stock worth $2,140,338,000 after purchasing an additional 75,194 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of EOG Resources by 2.2% during the second quarter. Ameriprise Financial Inc. now owns 12,311,541 shares of the energy exploration company's stock worth $1,549,098,000 after acquiring an additional 260,727 shares during the period. Legal & General Group Plc raised its stake in shares of EOG Resources by 9.1% during the second quarter. Legal & General Group Plc now owns 4,840,705 shares of the energy exploration company's stock valued at $609,300,000 after acquiring an additional 403,676 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of EOG Resources by 6.1% in the second quarter. Dimensional Fund Advisors LP now owns 4,473,897 shares of the energy exploration company's stock valued at $563,070,000 after purchasing an additional 258,732 shares during the period. Finally, Pacer Advisors Inc. increased its holdings in EOG Resources by 3.2% during the 3rd quarter. Pacer Advisors Inc. now owns 4,254,645 shares of the energy exploration company's stock worth $523,024,000 after purchasing an additional 130,822 shares during the period. Hedge funds and other institutional investors own 89.91% of the company's stock.

Insider Buying and Selling

In related news, Director Janet F. Clark sold 568 shares of EOG Resources stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $135.33, for a total transaction of $76,867.44. Following the completion of the transaction, the director now directly owns 43,532 shares in the company, valued at approximately $5,891,185.56. This trade represents a 1.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.20% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. StockNews.com downgraded EOG Resources from a "buy" rating to a "hold" rating in a research report on Saturday, November 16th. Benchmark reissued a "hold" rating on shares of EOG Resources in a research report on Tuesday, November 12th. Scotiabank lowered their price target on shares of EOG Resources from $150.00 to $140.00 and set a "sector perform" rating for the company in a research report on Thursday, October 10th. JPMorgan Chase & Co. cut their price objective on shares of EOG Resources from $143.00 to $135.00 and set a "neutral" rating on the stock in a report on Thursday, September 12th. Finally, Citigroup upped their target price on EOG Resources from $127.00 to $134.00 and gave the stock a "neutral" rating in a report on Tuesday. Fifteen equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, EOG Resources has a consensus rating of "Hold" and an average target price of $144.20.

EOG Resources Stock Performance

Shares of EOG Resources stock traded up $0.56 on Tuesday, reaching $132.54. 3,105,134 shares of the stock were exchanged, compared to its average volume of 3,134,457. EOG Resources, Inc. has a twelve month low of $108.94 and a twelve month high of $139.67. The business has a 50 day moving average price of $128.16 and a two-hundred day moving average price of $126.16. 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 has a market capitalization of $74.55 billion, a price-to-earnings ratio of 10.62, a PEG ratio of 3.62 and a beta of 1.28.

EOG Resources declared that its board has initiated a stock repurchase plan on Thursday, November 7th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the energy exploration company to repurchase up to 7% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board of directors believes its stock is undervalued.

EOG Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be paid a $0.975 dividend. 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 2.94%. This is a positive change from EOG Resources's previous quarterly dividend of $0.91. 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.