EOG Resources, Inc. (NYSE:EOG) Shares Sold by Concord Asset Management LLC VA

Concord Asset Management LLC VA decreased its position in shares of EOG Resources, Inc. (NYSE:EOG) by 53.0% during the 3rd quarter, HoldingsChannel reports. The fund owned 3,806 shares of the energy exploration company’s stock after selling 4,294 shares during the quarter. Concord Asset Management LLC VA’s holdings in EOG Resources were worth $468,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Northwest Investment Counselors LLC acquired a new position in shares of EOG Resources during the 3rd quarter valued at about $26,000. Riverview Trust Co acquired a new position in EOG Resources in the second quarter valued at about $27,000. MFA Wealth Advisors LLC acquired a new position in EOG Resources in the second quarter valued at about $28,000. Eastern Bank acquired a new position in EOG Resources in the third quarter valued at about $28,000. Finally, Gladius Capital Management LP acquired a new position in EOG Resources in the second quarter valued at about $30,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

Analysts Set New Price Targets

EOG has been the topic of a number of recent analyst reports. KeyCorp decreased their target price on shares of EOG Resources from $157.00 to $150.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. Morgan Stanley decreased their target price on shares of EOG Resources from $134.00 to $132.00 and set an “equal weight” rating on the stock in a research report on Monday, September 16th. StockNews.com cut shares of EOG Resources from a “buy” rating to a “hold” rating in a research report on Saturday. Scotiabank decreased their target price on shares of EOG Resources from $150.00 to $140.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 10th. Finally, Evercore ISI decreased their target price on shares of EOG Resources from $150.00 to $145.00 and set an “outperform” rating on the stock in a research report on Monday, September 30th. Fourteen research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, EOG Resources presently has an average rating of “Hold” and an average price target of $142.20.

Insider Buying and Selling at EOG Resources

In other EOG Resources news, EVP Michael P. Donaldson sold 11,037 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $129.50, for a total value of $1,429,291.50. Following the transaction, the executive vice president now directly owns 74,250 shares in the company, valued at $9,615,375. This represents a 12.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Charles R. Crisp sold 6,500 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $125.60, for a total transaction of $816,400.00. Following the completion of the transaction, the director now owns 60,892 shares in the company, valued at $7,648,035.20. This represents a 9.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by insiders.

EOG Resources Stock Down 0.5 %

EOG stock opened at $134.56 on Friday. The company’s 50 day moving average price is $126.25 and its 200 day moving average price is $125.99. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. EOG Resources, Inc. has a fifty-two week low of $108.94 and a fifty-two week high of $139.67. The firm has a market capitalization of $75.68 billion, a price-to-earnings ratio of 10.83, a PEG ratio of 3.57 and a beta of 1.28.

EOG Resources Increases Dividend

The company 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 dividend on an annualized basis and a dividend yield of 2.90%. This is a positive change 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 is presently 29.31%.

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