Community Bank N.A. Purchases 1,183 Shares of EOG Resources, Inc. (NYSE:EOG)

Community Bank N.A. increased its holdings in EOG Resources, Inc. (NYSE:EOG) by 11.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,362 shares of the energy exploration company’s stock after buying an additional 1,183 shares during the quarter. Community Bank N.A.’s holdings in EOG Resources were worth $1,397,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Benjamin Edwards Inc. increased its holdings in EOG Resources by 2,590.8% in the 3rd quarter. Benjamin Edwards Inc. now owns 302,504 shares of the energy exploration company’s stock valued at $37,190,000 after acquiring an additional 291,262 shares during the last quarter. FSA Wealth Management LLC purchased a new stake in EOG Resources in the 3rd quarter worth about $59,000. Edgestream Partners L.P. purchased a new stake in shares of EOG Resources in the third quarter worth approximately $1,410,000. Eventide Asset Management LLC boosted its stake in shares of EOG Resources by 16.0% during the third quarter. Eventide Asset Management LLC now owns 24,710 shares of the energy exploration company’s stock valued at $3,038,000 after purchasing an additional 3,404 shares during the period. Finally, Captrust Financial Advisors grew its stake in EOG Resources by 3.9% in the 3rd quarter. Captrust Financial Advisors now owns 590,863 shares of the energy exploration company’s stock worth $72,635,000 after acquiring an additional 22,022 shares in the last quarter. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

EOG Resources Price Performance

EOG stock opened at $133.26 on Monday. The stock has a market cap of $74.95 billion, a price-to-earnings ratio of 10.73, a PEG ratio of 3.54 and a beta of 1.28. EOG Resources, Inc. has a fifty-two week low of $108.94 and a fifty-two week high of $139.67. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. The business has a 50 day moving average price of $128.82 and a 200 day moving average price of $126.26.

EOG Resources Increases Dividend

The business also recently announced 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. The ex-dividend date is Friday, January 17th. This represents a $3.90 annualized dividend and a dividend yield of 2.93%. EOG Resources’s dividend payout ratio is presently 29.31%.

EOG Resources announced that its Board of Directors has authorized a share buyback plan on Thursday, November 7th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the energy exploration company to buy up to 7% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

Analysts Set New Price Targets

A number of research firms have commented on EOG. Raymond James raised their target price on shares of EOG Resources from $156.00 to $167.00 and gave the company a “strong-buy” rating in a research report on Thursday, November 21st. Evercore ISI lowered their target price on shares of EOG Resources from $150.00 to $145.00 and set an “outperform” rating for the company in a research note on Monday, September 30th. Royal Bank of Canada reissued a “sector perform” rating and issued a $145.00 price objective on shares of EOG Resources in a report on Monday, October 14th. Citigroup boosted their target price on shares of EOG Resources from $127.00 to $134.00 and gave the company a “neutral” rating in a research report on Tuesday, November 26th. Finally, Benchmark restated a “hold” rating on shares of EOG Resources in a research report on Tuesday, November 12th. Fifteen investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $144.20.

Insider Activity at EOG Resources

In other EOG Resources news, Director Janet F. Clark sold 568 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $5,891,185.56. This trade represents a 1.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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.