EOG Resources, Inc. (NYSE:EOG) Shares Sold by Taurus Asset Management LLC

Taurus Asset Management LLC reduced its position in EOG Resources, Inc. (NYSE:EOG - Free Report) by 41.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,205 shares of the energy exploration company's stock after selling 56,050 shares during the period. Taurus Asset Management LLC's holdings in EOG Resources were worth $9,737,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the company. Capital Research Global Investors boosted its position in shares of EOG Resources by 1.3% in the 1st quarter. Capital Research Global Investors now owns 28,889,715 shares of the energy exploration company's stock worth $3,693,261,000 after buying an additional 373,365 shares in the last quarter. Capital World Investors grew its position in shares of EOG Resources by 5.4% in the first quarter. Capital World Investors now owns 26,782,454 shares of the energy exploration company's stock valued at $3,423,869,000 after purchasing an additional 1,361,538 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of EOG Resources by 2.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 12,311,541 shares of the energy exploration company's stock worth $1,549,098,000 after purchasing an additional 260,727 shares during the last quarter. Capital International Investors lifted its stake in EOG Resources by 7.1% in the 1st quarter. Capital International Investors now owns 11,564,463 shares of the energy exploration company's stock valued at $1,478,401,000 after buying an additional 766,056 shares in the last quarter. Finally, Legal & General Group Plc grew its holdings in EOG Resources by 9.1% during the 2nd quarter. Legal & General Group Plc now owns 4,840,705 shares of the energy exploration company's stock valued at $609,300,000 after buying an additional 403,676 shares during the last quarter. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on EOG shares. Susquehanna reduced their price objective on EOG Resources from $159.00 to $158.00 and set a "positive" rating on the stock in a research report on Wednesday, September 4th. Wells Fargo & Company reduced their target price on shares of EOG Resources from $140.00 to $135.00 and set an "equal weight" rating on the stock in a report on Tuesday, October 1st. Truist Financial lifted their price target on shares of EOG Resources from $115.00 to $135.00 and gave the stock a "hold" rating in a report on Tuesday, November 12th. KeyCorp reduced their price objective on shares of EOG Resources from $157.00 to $150.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 16th. Finally, Evercore ISI lowered their target price 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. Fifteen investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, EOG Resources has an average rating of "Hold" and an average price target of $142.30.

Insider Activity at EOG Resources

In related news, EVP Michael P. Donaldson sold 11,037 shares of EOG Resources stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $129.50, for a total value of $1,429,291.50. Following the completion of the transaction, the executive vice president now directly owns 74,250 shares in the company, valued at approximately $9,615,375. This trade represents a 12.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Charles R. Crisp sold 6,500 shares of the company's stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $125.60, for a total value of $816,400.00. Following the sale, the director now owns 60,892 shares in the company, valued at $7,648,035.20. The trade was a 9.65 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.30% of the company's stock.

EOG Resources Stock Up 1.9 %

Shares of NYSE:EOG traded up $2.49 during mid-day trading on Monday, hitting $137.05. 967,588 shares of the company traded hands, compared to its average volume of 3,123,966. The firm's 50 day simple moving average is $126.25 and its 200 day simple moving average is $125.96. The firm has a market cap of $77.08 billion, a P/E ratio of 10.83, a PEG ratio of 3.57 and a beta of 1.28. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. EOG Resources, Inc. has a 52-week low of $108.94 and a 52-week high of $139.67.

EOG Resources Increases Dividend

The company also recently announced 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 is an increase from EOG Resources's previous quarterly dividend of $0.91. This represents a $3.90 annualized dividend and a dividend yield of 2.85%. EOG Resources's dividend payout ratio is 31.40%.

EOG Resources declared that its Board of Directors has approved a share buyback plan on Thursday, November 7th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the energy exploration company to purchase up to 7% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's leadership believes its stock is undervalued.

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.