Wilmington Savings Fund Society FSB Has $8.82 Million Stock Holdings in EOG Resources, Inc. (NYSE:EOG)

Wilmington Savings Fund Society FSB grew its stake in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 26.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 71,766 shares of the energy exploration company's stock after acquiring an additional 15,186 shares during the quarter. Wilmington Savings Fund Society FSB's holdings in EOG Resources were worth $8,822,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Swedbank AB lifted its holdings in EOG Resources by 3,078.4% in the 2nd quarter. Swedbank AB now owns 96,306 shares of the energy exploration company's stock valued at $12,122,000 after purchasing an additional 93,276 shares in the last quarter. Assenagon Asset Management S.A. grew its position in EOG Resources by 35.8% in the 2nd quarter. Assenagon Asset Management S.A. now owns 425,265 shares of the energy exploration company's stock valued at $53,528,000 after acquiring an additional 112,017 shares in the last quarter. Triad Wealth Partners LLC purchased a new position in shares of EOG Resources in the 2nd quarter valued at about $35,000. Miracle Mile Advisors LLC boosted its stake in shares of EOG Resources by 14.1% in the 2nd quarter. Miracle Mile Advisors LLC now owns 6,287 shares of the energy exploration company's stock valued at $791,000 after buying an additional 777 shares during the period. Finally, Blue Trust Inc. boosted its stake in shares of EOG Resources by 63.8% in the 2nd quarter. Blue Trust Inc. now owns 8,104 shares of the energy exploration company's stock valued at $1,036,000 after buying an additional 3,157 shares during the period. Institutional investors and hedge funds own 89.91% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on EOG. Citigroup boosted their target price on EOG Resources from $127.00 to $134.00 and gave the stock a "neutral" rating in a research note on Tuesday, November 26th. Royal Bank of Canada reiterated a "sector perform" rating and set a $145.00 target price on shares of EOG Resources in a research report on Monday, October 14th. KeyCorp reduced their target price on EOG Resources from $157.00 to $150.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 16th. Truist Financial increased their target price on EOG Resources from $115.00 to $135.00 and gave the stock a "hold" rating in a research report on Tuesday, November 12th. Finally, Benchmark reiterated a "hold" rating on shares of EOG Resources in a research report on Tuesday, November 12th. Fifteen equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $144.20.

EOG Resources Stock Up 0.4 %

EOG traded up $0.47 on Friday, hitting $127.04. 952,623 shares of the company were exchanged, compared to its average volume of 3,116,023. EOG Resources, Inc. has a 12 month low of $108.94 and a 12 month high of $139.67. The company has a market cap of $71.45 billion, a PE ratio of 10.19, a PEG ratio of 3.39 and a beta of 1.29. 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 stock's fifty day moving average is $129.36 and its 200-day moving average is $126.37.

EOG Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be paid a $0.975 dividend. This is a positive change from EOG Resources's previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Friday, January 17th. This represents a $3.90 annualized dividend and a yield of 3.07%. EOG Resources's dividend payout ratio is currently 29.31%.

EOG Resources declared that its Board of Directors has authorized a share buyback program on Thursday, November 7th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the energy exploration company to buy up to 7% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's management believes its shares are undervalued.

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 that occurred 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 sale, the director now owns 43,532 shares in the company, valued at $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 available at this link. Corporate insiders own 0.30% of the company's stock.

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.