ORG Partners LLC Decreases Holdings in EOG Resources, Inc. (NYSE:EOG)

ORG Partners LLC lowered its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 5.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,346 shares of the energy exploration company’s stock after selling 530 shares during the period. ORG Partners LLC’s holdings in EOG Resources were worth $1,149,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of EOG. Northwest Investment Counselors LLC acquired a new stake in EOG Resources during the 3rd quarter worth $26,000. Eastern Bank acquired a new position in EOG Resources during the third quarter worth about $28,000. Capital Performance Advisors LLP acquired a new position in EOG Resources during the third quarter worth about $31,000. HM Payson & Co. grew its stake in EOG Resources by 203.7% during the 3rd quarter. HM Payson & Co. now owns 328 shares of the energy exploration company’s stock valued at $40,000 after acquiring an additional 220 shares in the last quarter. Finally, Matrix Trust Co acquired a new stake in EOG Resources in the 3rd quarter valued at about $43,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Stock Up 2.4 %

Shares of EOG stock traded up $3.04 on Friday, reaching $131.50. 1,642,580 shares of the stock were exchanged, compared to its average volume of 2,647,976. The company has a market capitalization of $73.96 billion, a price-to-earnings ratio of 10.59, a PEG ratio of 3.37 and a beta of 1.29. The business’s 50 day moving average price is $127.76 and its 200 day moving average price is $126.64. 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 twelve month low of $108.94 and a twelve month high of $139.67.

EOG Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders 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. This represents a $3.90 annualized dividend and a dividend yield of 2.97%. The ex-dividend date of this dividend is Friday, January 17th. EOG Resources’s dividend payout ratio is currently 29.31%.

EOG Resources declared that its Board of Directors has initiated a stock 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 buy up to 7% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Wolfe Research upgraded EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 target price on the stock in a report on Friday, January 3rd. Barclays lowered their price objective on 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. UBS Group dropped their target price on EOG Resources from $167.00 to $154.00 and set a “buy” rating for the company in a report on Wednesday, September 18th. Piper Sandler reduced their price target on EOG Resources from $149.00 to $140.00 and set a “neutral” rating on the stock in a report on Tuesday, December 17th. Finally, Wells Fargo & Company raised shares of EOG Resources from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $147.00 to $150.00 in a report on Tuesday, December 17th. Thirteen analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, EOG Resources currently has an average rating of “Hold” and an average target price of $143.71.

Insider Transactions at EOG Resources

In related news, Director Janet F. Clark sold 568 shares of the firm’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 transaction of $76,867.44. Following the transaction, the director now owns 43,532 shares in the company, valued at $5,891,185.56. This trade represents a 1.29 % decrease in their position. The transaction 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 the firm’s stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $120.89, for a total transaction of $483,560.00. Following the transaction, the chief operating officer now owns 42,703 shares in the company, valued at approximately $5,162,365.67. This trade represents a 8.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.