Kingfisher Capital LLC Has $4.26 Million Stock Holdings in EOG Resources, Inc. (NYSE:EOG)

Kingfisher Capital LLC reduced its position in shares of EOG Resources, Inc. (NYSE:EOG) by 8.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,662 shares of the energy exploration company’s stock after selling 3,234 shares during the period. Kingfisher Capital LLC’s holdings in EOG Resources were worth $4,261,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Northwest Investment Counselors LLC bought a new position in shares of EOG Resources in the 3rd quarter valued at $26,000. Riverview Trust Co bought a new position in EOG Resources in the second quarter valued at about $27,000. MFA Wealth Advisors LLC acquired a new position in EOG Resources during the second quarter worth about $28,000. Eastern Bank bought a new position in shares of EOG Resources in the third quarter worth about $28,000. Finally, Gladius Capital Management LP acquired a new stake in shares of EOG Resources in the 2nd quarter valued at approximately $30,000. 89.91% of the stock is currently owned by institutional investors.

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 transaction of $76,867.44. Following the completion of the sale, the director now owns 43,532 shares of the company’s stock, valued at $5,891,185.56. This trade represents a 1.29 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.30% of the company’s stock.

EOG Resources Stock Performance

Shares of EOG Resources stock opened at $133.09 on Friday. The company has a market cap of $74.86 billion, a P/E ratio of 10.72, a PEG ratio of 3.54 and a beta of 1.28. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. The business has a 50-day moving average price of $128.67 and a two-hundred day moving average price of $126.27. EOG Resources, Inc. has a 1-year low of $108.94 and a 1-year high of $139.67.

EOG Resources announced that its board has approved a share repurchase program on Thursday, November 7th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the energy exploration company to purchase up to 7% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its stock is undervalued.

EOG Resources Increases Dividend

The firm 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 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 2.93%. The ex-dividend date is Friday, January 17th. EOG Resources’s payout ratio is presently 29.31%.

Analysts Set New Price Targets

A number of research firms recently issued reports on EOG. Piper Sandler cut shares of EOG Resources from an “overweight” rating to a “neutral” rating and upped their price objective for the stock from $147.00 to $149.00 in a research report on Monday, November 18th. Scotiabank dropped their price target on EOG Resources from $150.00 to $140.00 and set a “sector perform” rating for the company in a research note on Thursday, October 10th. Citigroup boosted their price objective on EOG Resources from $127.00 to $134.00 and gave the stock a “neutral” rating in a research report on Tuesday. KeyCorp lowered their target price on EOG Resources from $157.00 to $150.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. Finally, Benchmark reissued a “hold” rating on shares of EOG Resources in a research note on Tuesday, November 12th. Fifteen analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $144.20.

About EOG Resources

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.