Thrivent Financial for Lutherans Purchases 7,902 Shares of EOG Resources, Inc. (NYSE:EOG)

Thrivent Financial for Lutherans increased its stake in EOG Resources, Inc. (NYSE:EOG - Free Report) by 3.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 250,850 shares of the energy exploration company's stock after purchasing an additional 7,902 shares during the quarter. Thrivent Financial for Lutherans' holdings in EOG Resources were worth $30,837,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Lake Street Advisors Group LLC boosted its position in shares of EOG Resources by 66.9% in the first quarter. Lake Street Advisors Group LLC now owns 2,896 shares of the energy exploration company's stock worth $370,000 after buying an additional 1,161 shares during the period. Pitcairn Co. grew its position in EOG Resources by 12.0% during the first quarter. Pitcairn Co. now owns 4,903 shares of the energy exploration company's stock valued at $627,000 after purchasing an additional 526 shares in the last quarter. InterOcean Capital Group LLC increased its stake in EOG Resources by 10.0% in the 1st quarter. InterOcean Capital Group LLC now owns 5,006 shares of the energy exploration company's stock valued at $640,000 after buying an additional 454 shares during the period. Crewe Advisors LLC acquired a new stake in shares of EOG Resources during the 1st quarter valued at $40,000. Finally, Vident Advisory LLC raised its holdings in shares of EOG Resources by 2.3% during the first quarter. Vident Advisory LLC now owns 52,984 shares of the energy exploration company's stock worth $6,774,000 after acquiring an additional 1,214 shares in the last quarter. Institutional investors and hedge funds own 89.91% of the company's stock.

EOG Resources Trading Up 0.7 %

Shares of EOG stock traded up $1.00 on Wednesday, hitting $136.18. The company had a trading volume of 1,474,276 shares, compared to its average volume of 3,125,491. The stock's 50-day moving average is $126.90 and its two-hundred day moving average is $126.03. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. The firm has a market cap of $76.59 billion, a P/E ratio of 10.88, a P/E/G ratio of 3.57 and a beta of 1.28. EOG Resources, Inc. has a twelve month low of $108.94 and a twelve month high of $139.67.

EOG Resources Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be issued a dividend of $0.975 per share. This is an increase from EOG Resources's previous quarterly dividend of $0.91. This represents a $3.90 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date of this dividend is Friday, January 17th. EOG Resources's dividend payout ratio (DPR) is presently 29.31%.

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

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on EOG. Scotiabank cut their price target on shares of EOG Resources from $150.00 to $140.00 and set a "sector perform" rating on the stock in a report on Thursday, October 10th. Morgan Stanley lowered their target price on shares of EOG Resources from $134.00 to $132.00 and set an "equal weight" rating on the stock in a research note on Monday, September 16th. Evercore ISI decreased their target price on EOG Resources from $150.00 to $145.00 and set an "outperform" rating on the stock in a research report on Monday, September 30th. Susquehanna lowered their price target on shares of EOG Resources from $159.00 to $158.00 and set a "positive" rating on the stock in a report on Wednesday, September 4th. Finally, Wells Fargo & Company lowered their price target on EOG Resources from $140.00 to $135.00 and set an "equal weight" rating on the stock in a research report on Tuesday, October 1st. Fifteen analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $142.30.

Insiders Place Their Bets

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 completion of the transaction, the director now owns 43,532 shares in the company, valued at $5,891,185.56. This represents a 1.29 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Michael P. Donaldson sold 11,037 shares of the business's stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $129.50, for a total transaction 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 $9,615,375. This trade represents a 12.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.20% of the company's stock.

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.