Insider Selling: EOG Resources, Inc. (NYSE:EOG) Director Sells 568 Shares of Stock

EOG Resources, Inc. (NYSE:EOG) Director Janet F. Clark sold 568 shares of the business’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 sale, the director now owns 43,532 shares of the company’s stock, valued at $5,891,185.56. This represents a 1.29 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

EOG Resources Stock Performance

NYSE:EOG opened at $136.35 on Friday. The company has a market cap of $76.69 billion, a P/E ratio of 10.98, a P/E/G ratio of 3.59 and a beta of 1.28. The firm’s 50 day moving average is $127.95 and its two-hundred day moving average is $126.20. 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.

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 issued a $0.975 dividend. The ex-dividend date of this dividend is Friday, January 17th. This represents a $3.90 dividend on an annualized basis and a yield of 2.86%. This is a boost from EOG Resources’s previous quarterly dividend of $0.91. EOG Resources’s dividend payout ratio (DPR) is presently 29.31%.

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

Hedge Funds Weigh In On EOG Resources

A number of large investors have recently modified their holdings of EOG. Chelsea Counsel Co. increased its position in EOG Resources by 2.0% during the 3rd quarter. Chelsea Counsel Co. now owns 5,215 shares of the energy exploration company’s stock worth $641,000 after purchasing an additional 100 shares in the last quarter. Westside Investment Management Inc. grew its stake in EOG Resources by 15.7% during the third quarter. Westside Investment Management Inc. now owns 1,840 shares of the energy exploration company’s stock worth $226,000 after buying an additional 250 shares during the period. Unigestion Holding SA lifted its holdings in shares of EOG Resources by 27.9% during the 3rd quarter. Unigestion Holding SA now owns 203,862 shares of the energy exploration company’s stock valued at $25,059,000 after acquiring an additional 44,441 shares in the last quarter. Soltis Investment Advisors LLC raised its holdings in shares of EOG Resources by 88.4% during the 3rd quarter. Soltis Investment Advisors LLC now owns 3,051 shares of the energy exploration company’s stock valued at $375,000 after buying an additional 1,432 shares during the period. Finally, TD Private Client Wealth LLC grew its position in shares of EOG Resources by 3.2% during the third quarter. TD Private Client Wealth LLC now owns 5,705 shares of the energy exploration company’s stock worth $701,000 after buying an additional 178 shares in the last quarter. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on EOG shares. Susquehanna decreased their target price on EOG Resources from $159.00 to $158.00 and set a “positive” rating for the company in a research report on Wednesday, September 4th. Truist Financial boosted their price target on EOG Resources from $115.00 to $135.00 and gave the stock a “hold” rating in a research note on Tuesday, November 12th. Scotiabank cut their target price on shares of EOG Resources from $150.00 to $140.00 and set a “sector perform” rating for the company in a research report on Thursday, October 10th. Wells Fargo & Company increased their price target on shares of EOG Resources from $135.00 to $147.00 and gave the company an “equal weight” rating in a research report on Thursday. Finally, Raymond James lifted their price objective on EOG Resources from $156.00 to $167.00 and gave the stock a “strong-buy” rating in a research report on Thursday. Fifteen analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, EOG Resources presently has a consensus rating of “Hold” and a consensus price target of $144.00.

EOG Resources Company 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.