EOG Resources, Inc. (NYSE:EOG) Holdings Raised by Oxbow Advisors LLC

Oxbow Advisors LLC grew its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 1.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 39,922 shares of the energy exploration company’s stock after purchasing an additional 684 shares during the quarter. Oxbow Advisors LLC’s holdings in EOG Resources were worth $4,908,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

EOG has been the subject of a number of recent research reports. Piper Sandler dropped their target price on EOG Resources from $154.00 to $147.00 and set an “overweight” rating for the company in a report on Thursday, August 15th. KeyCorp dropped 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 note on Wednesday, October 16th. Wolfe Research assumed coverage on EOG Resources in a research note on Thursday, July 18th. They issued a “peer perform” rating for the company. Wells Fargo & Company lowered their price target on EOG Resources from $140.00 to $135.00 and set an “equal weight” rating for the company in a report on Tuesday, October 1st. Finally, UBS Group reduced their target price on shares of EOG Resources from $167.00 to $154.00 and set a “buy” rating for the company in a research note on Wednesday, September 18th. Thirteen investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $141.20.

EOG Resources Trading Up 6.1 %

EOG traded up $7.66 during trading on Friday, reaching $134.12. 5,335,478 shares of the stock traded hands, compared to its average volume of 2,360,372. The stock’s 50-day moving average is $125.19 and its 200 day moving average is $126.08. EOG Resources, Inc. has a 12 month low of $108.94 and a 12 month high of $139.67. The company has a quick ratio of 1.89, a current ratio of 2.12 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $76.26 billion, a PE ratio of 10.36, a P/E/G ratio of 3.35 and a beta of 1.28.

EOG Resources Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be paid a $0.975 dividend. The ex-dividend date is Friday, January 17th. This is a positive change from EOG Resources’s previous quarterly dividend of $0.91. This represents a $3.90 annualized dividend and a yield of 2.91%. EOG Resources’s payout ratio is 28.11%.

EOG Resources declared that its board has initiated a share buyback program on Thursday, November 7th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the energy exploration company to repurchase up to 7% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Insider Transactions at EOG Resources

In other EOG Resources news, Director Charles R. Crisp sold 6,500 shares of EOG Resources stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $125.60, for a total value of $816,400.00. Following the completion of the sale, the director now directly owns 60,892 shares of the company’s stock, valued at approximately $7,648,035.20. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director Charles R. Crisp sold 6,500 shares of EOG Resources stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $125.60, for a total value of $816,400.00. Following the completion of the sale, the director now owns 60,892 shares of the company’s stock, valued at approximately $7,648,035.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Michael P. Donaldson sold 11,037 shares of EOG Resources stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $129.50, for a total transaction of $1,429,291.50. Following the transaction, the executive vice president now owns 74,250 shares of the company’s stock, valued at $9,615,375. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.