EOG Resources, Inc. (NYSE:EOG) Shares Bought by First Financial Corp IN

First Financial Corp IN grew its position in EOG Resources, Inc. (NYSE:EOG) by 167.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 689 shares of the energy exploration company’s stock after purchasing an additional 431 shares during the quarter. First Financial Corp IN’s holdings in EOG Resources were worth $84,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

Several analysts have recently weighed in on EOG shares. UBS Group reduced their price objective on shares of EOG Resources from $167.00 to $154.00 and set a “buy” rating for the company in a research report on Wednesday, September 18th. KeyCorp reduced their price target on shares of EOG Resources from $157.00 to $150.00 and set an “overweight” rating for the company in a research report on Wednesday, October 16th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $150.00 price objective on shares of EOG Resources in a report on Monday, January 6th. Wells Fargo & Company raised EOG Resources from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $147.00 to $150.00 in a report on Tuesday, December 17th. Finally, Mizuho dropped their price target on EOG Resources from $156.00 to $148.00 and set an “outperform” rating on the stock in a research note on Monday, December 16th. Thirteen analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $143.48.

Insider Buying and Selling

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the company’s stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $120.89, for a total transaction of $483,560.00. Following 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Janet F. Clark sold 568 shares of the firm’s stock in a transaction dated 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 disclosure for this sale can be found here. 0.30% of the stock is currently owned by corporate insiders.

EOG Resources Price Performance

Shares of NYSE:EOG opened at $134.51 on Tuesday. EOG Resources, Inc. has a 52 week low of $108.94 and a 52 week high of $139.67. The company has a 50-day moving average price of $128.21 and a 200 day moving average price of $126.77. The company has a market cap of $75.66 billion, a P/E ratio of 10.83, a PEG ratio of 3.37 and a beta of 1.29. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13.

EOG Resources Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be issued a $0.975 dividend. 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 2.90%. The ex-dividend date is Friday, January 17th. EOG Resources’s dividend payout ratio (DPR) is currently 31.40%.

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

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.