Chelsea Counsel Co. Raises Holdings in EOG Resources, Inc. (NYSE:EOG)

Chelsea Counsel Co. grew its holdings in EOG Resources, Inc. (NYSE:EOG) by 2.0% in the third quarter, Holdings Channel reports. The firm owned 5,215 shares of the energy exploration company’s stock after buying an additional 100 shares during the quarter. Chelsea Counsel Co.’s holdings in EOG Resources were worth $641,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Fisher Asset Management LLC increased its holdings in EOG Resources by 856.7% in the 3rd quarter. Fisher Asset Management LLC now owns 1,200,851 shares of the energy exploration company’s stock worth $147,621,000 after buying an additional 1,075,334 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of EOG Resources in the second quarter worth approximately $106,990,000. Legal & General Group Plc raised its holdings in shares of EOG Resources by 9.1% during the second quarter. Legal & General Group Plc now owns 4,840,705 shares of the energy exploration company’s stock valued at $609,300,000 after purchasing an additional 403,676 shares during the last quarter. National Bank of Canada FI lifted its position in EOG Resources by 237.9% during the second quarter. National Bank of Canada FI now owns 487,920 shares of the energy exploration company’s stock valued at $61,741,000 after purchasing an additional 343,527 shares during the period. Finally, Victory Capital Management Inc. boosted its holdings in EOG Resources by 42.8% in the third quarter. Victory Capital Management Inc. now owns 1,113,429 shares of the energy exploration company’s stock worth $136,874,000 after purchasing an additional 333,947 shares during the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Insiders Place Their Bets

In other EOG Resources 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 completion of 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 this link. Corporate insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Barclays lowered their price target on EOG Resources from $144.00 to $137.00 and set an “equal weight” rating on the stock in a report on Thursday, October 3rd. Susquehanna dropped their target price on EOG Resources from $159.00 to $158.00 and set a “positive” rating on the stock in a research report on Wednesday, September 4th. JPMorgan Chase & Co. cut their price target on EOG Resources from $143.00 to $135.00 and set a “neutral” rating for the company in a research note on Thursday, September 12th. Citigroup raised their price objective on shares of EOG Resources from $127.00 to $134.00 and gave the stock a “neutral” rating in a report on Tuesday, November 26th. Finally, Wells Fargo & Company upped their target price on shares of EOG Resources from $135.00 to $147.00 and gave the company an “equal weight” rating in a report on Thursday, November 21st. Fifteen research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $144.20.

EOG Resources Trading Up 0.8 %

Shares of EOG opened at $127.59 on Thursday. The firm has a market cap of $71.76 billion, a P/E ratio of 10.27, a price-to-earnings-growth ratio of 3.40 and a beta of 1.29. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. EOG Resources, Inc. has a 1 year low of $108.94 and a 1 year high of $139.67. The company has a 50 day simple moving average of $129.44 and a two-hundred day simple moving average of $126.37.

EOG Resources announced that its Board of Directors has authorized 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 reacquire up to 7% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

EOG Resources Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be paid a dividend of $0.975 per share. This represents a $3.90 annualized dividend and a yield of 3.06%. 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. EOG Resources’s dividend payout ratio (DPR) is presently 29.31%.

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.