DMC Group LLC Buys 129 Shares of EOG Resources, Inc. (NYSE:EOG)

DMC Group LLC lifted its stake in shares of EOG Resources, Inc. (NYSE:EOGFree Report) by 1.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,546 shares of the energy exploration company’s stock after acquiring an additional 129 shares during the period. DMC Group LLC’s holdings in EOG Resources were worth $1,170,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in EOG. Strategic Planning Group LLC increased its holdings in EOG Resources by 3.8% during the 4th quarter. Strategic Planning Group LLC now owns 32,380 shares of the energy exploration company’s stock worth $3,969,000 after purchasing an additional 1,198 shares in the last quarter. Gries Financial LLC bought a new position in shares of EOG Resources during the fourth quarter worth about $1,789,000. Foster & Motley Inc. raised its position in EOG Resources by 3.2% in the 4th quarter. Foster & Motley Inc. now owns 37,797 shares of the energy exploration company’s stock valued at $4,633,000 after buying an additional 1,164 shares during the last quarter. Manning & Napier Advisors LLC lifted its stake in EOG Resources by 89.2% in the 4th quarter. Manning & Napier Advisors LLC now owns 53,132 shares of the energy exploration company’s stock valued at $6,513,000 after acquiring an additional 25,056 shares in the last quarter. Finally, Swedbank AB boosted its position in EOG Resources by 62.9% during the 4th quarter. Swedbank AB now owns 364,021 shares of the energy exploration company’s stock worth $44,622,000 after acquiring an additional 140,589 shares during the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on EOG. Raymond James lifted their price objective on shares of EOG Resources from $167.00 to $175.00 and gave the company a “strong-buy” rating in a report on Thursday, January 23rd. Barclays lowered their price target on shares of EOG Resources from $144.00 to $137.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 3rd. Truist Financial increased their price objective on shares of EOG Resources from $135.00 to $137.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $150.00 target price on shares of EOG Resources in a research report on Monday, January 6th. Finally, Wells Fargo & Company raised EOG Resources from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $147.00 to $150.00 in a research report on Tuesday, December 17th. Thirteen research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $143.90.

Get Our Latest Report on EOG Resources

Insider Transactions at EOG Resources

In related news, Director Janet F. Clark sold 568 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $135.33, for a total transaction of $76,867.44. Following the sale, the director now owns 43,532 shares of the company’s stock, valued at $5,891,185.56. This represents a 1.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $120.89, for a total value of $483,560.00. Following the completion of the transaction, the chief operating officer now directly owns 42,703 shares of the company’s stock, valued at $5,162,365.67. This represents a 8.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.30% of the company’s stock.

EOG Resources Stock Down 0.0 %

Shares of EOG opened at $130.23 on Thursday. The firm has a market cap of $73.25 billion, a P/E ratio of 10.49, a price-to-earnings-growth ratio of 3.68 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. EOG Resources, Inc. has a 52 week low of $108.94 and a 52 week high of $139.67. The firm’s 50-day simple moving average is $128.82 and its 200 day simple moving average is $127.41.

EOG Resources (NYSE:EOGGet Free Report) last posted its earnings results on Thursday, November 7th. The energy exploration company reported $2.89 EPS for the quarter, beating the consensus estimate of $2.73 by $0.16. The company had revenue of $5.97 billion for the quarter, compared to the consensus estimate of $6.03 billion. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. During the same quarter in the prior year, the business earned $3.44 earnings per share. On average, analysts forecast that EOG Resources, Inc. will post 11.45 earnings per share for the current year.

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 given a dividend of $0.975 per share. This is a boost 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 2.99%. EOG Resources’s dividend payout ratio (DPR) is presently 31.40%.

EOG Resources declared that its Board of Directors has approved a share buyback program 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 buy up to 7% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its shares are undervalued.

EOG Resources Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)

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