World Investment Advisors LLC Takes $730,000 Position in EOG Resources, Inc. (NYSE:EOG)

World Investment Advisors LLC bought a new position in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 5,939 shares of the energy exploration company's stock, valued at approximately $730,000.

A number of other institutional investors also recently modified their holdings of EOG. Northwest Investment Counselors LLC acquired a new stake in EOG Resources during the third quarter worth about $26,000. MFA Wealth Advisors LLC bought a new position in EOG Resources in the second quarter valued at approximately $28,000. Eastern Bank acquired a new position in EOG Resources during the third quarter valued at approximately $28,000. Capital Performance Advisors LLP bought a new stake in EOG Resources during the third quarter worth $31,000. Finally, HM Payson & Co. boosted its holdings in shares of EOG Resources by 203.7% in the 3rd quarter. HM Payson & Co. now owns 328 shares of the energy exploration company's stock valued at $40,000 after purchasing an additional 220 shares in the last quarter. Institutional investors own 89.91% of the company's stock.

Insider Activity

In related news, Director Janet F. Clark sold 568 shares of the company's stock in a transaction dated Tuesday, November 19th. The shares were 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 position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.30% of the company's stock.

Wall Street Analyst Weigh In

EOG has been the subject of several recent analyst reports. Morgan Stanley dropped their price objective on EOG Resources from $134.00 to $132.00 and set an "equal weight" rating for the company in a research report on Monday, September 16th. KeyCorp lowered their price objective on EOG Resources from $157.00 to $150.00 and set an "overweight" rating for the company in a research note on Wednesday, October 16th. Benchmark reiterated a "hold" rating on shares of EOG Resources in a research report on Tuesday, November 12th. StockNews.com lowered shares of EOG Resources from a "buy" rating to a "hold" rating in a report on Saturday, November 16th. Finally, Truist Financial raised their price target on shares of EOG Resources from $115.00 to $135.00 and gave the company a "hold" rating in a research note on Tuesday, November 12th. Fourteen equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, EOG Resources currently has a consensus rating of "Hold" and a consensus price target of $143.50.

EOG Resources Stock Down 1.2 %

Shares of EOG stock traded down $1.47 on Tuesday, reaching $123.15. 3,818,870 shares of the company were exchanged, compared to its average volume of 3,122,058. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. The company has a 50-day moving average of $129.04 and a 200-day moving average of $126.45. The company has a market cap of $69.27 billion, a price-to-earnings ratio of 9.86, a PEG ratio of 3.39 and a beta of 1.29. EOG Resources, Inc. has a one year low of $108.94 and a one year high of $139.67.

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

EOG Resources Increases Dividend

The company 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 represents a $3.90 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date is Friday, January 17th. This is a boost from EOG Resources's previous quarterly dividend of $0.91. EOG Resources's dividend payout ratio (DPR) is 31.40%.

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.