Worldquant Millennium Advisors LLC Has $3.07 Million Stock Holdings in EOG Resources, Inc. (NYSE:EOG)

Worldquant Millennium Advisors LLC reduced its position in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 74.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 24,991 shares of the energy exploration company's stock after selling 72,553 shares during the period. Worldquant Millennium Advisors LLC's holdings in EOG Resources were worth $3,072,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Northwest Investment Counselors LLC acquired a new position in shares of EOG Resources during the third quarter worth approximately $26,000. Riverview Trust Co acquired a new position in shares of EOG Resources during the second quarter worth approximately $27,000. MFA Wealth Advisors LLC acquired a new position in shares of EOG Resources during the second quarter worth approximately $28,000. Eastern Bank bought a new stake in shares of EOG Resources during the third quarter worth approximately $28,000. Finally, Gladius Capital Management LP bought a new stake in shares of EOG Resources during the second quarter worth approximately $30,000. 89.91% of the stock is owned by institutional investors.

EOG Resources Price Performance

EOG stock traded up $0.05 during mid-day trading on Monday, hitting $127.86. The stock had a trading volume of 3,046,982 shares, compared to its average volume of 3,116,775. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. EOG Resources, Inc. has a 52 week low of $108.94 and a 52 week high of $139.67. The firm has a market capitalization of $71.91 billion, a P/E ratio of 10.29, a P/E/G ratio of 3.40 and a beta of 1.29. The firm has a fifty day simple moving average of $129.46 and a 200 day simple moving average of $126.34.

EOG Resources announced that its board has approved a stock repurchase program on Thursday, November 7th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the energy exploration company to purchase up to 7% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board of directors believes its shares are undervalued.

EOG Resources Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be issued a $0.975 dividend. This is a positive change from EOG Resources's previous quarterly dividend of $0.91. This represents a $3.90 annualized dividend and a yield of 3.05%. The ex-dividend date of this dividend is Friday, January 17th. EOG Resources's dividend payout ratio (DPR) is currently 29.31%.

Insider Buying and Selling at EOG Resources

In other news, Director Janet F. Clark sold 568 shares of the firm's stock in a transaction that occurred on 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 directly owns 43,532 shares in the company, valued at approximately $5,891,185.56. This trade represents a 1.29 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on EOG shares. Raymond James boosted their price target on shares of EOG Resources from $156.00 to $167.00 and gave the stock a "strong-buy" rating in a research note on Thursday, November 21st. 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. Susquehanna lowered their target price on shares of EOG Resources from $159.00 to $158.00 and set a "positive" rating for the company in a research note on Wednesday, September 4th. Piper Sandler downgraded shares of EOG Resources from an "overweight" rating to a "neutral" rating and upped their target price for the company from $147.00 to $149.00 in a research note on Monday, November 18th. Finally, KeyCorp lowered their target price on shares of EOG Resources from $157.00 to $150.00 and set an "overweight" rating for the company in a research note on Wednesday, October 16th. Fifteen 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. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $144.20.

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.