O Brien Greene & Co. Inc Sells 5,581 Shares of EOG Resources, Inc. (NYSE:EOG)

O Brien Greene & Co. Inc trimmed its stake in EOG Resources, Inc. (NYSE:EOG) by 6.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 80,764 shares of the energy exploration company’s stock after selling 5,581 shares during the quarter. EOG Resources accounts for 3.1% of O Brien Greene & Co. Inc’s portfolio, making the stock its 7th largest position. O Brien Greene & Co. Inc’s holdings in EOG Resources were worth $9,928,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Northwest Investment Counselors LLC acquired a new stake in shares of EOG Resources during the 3rd quarter valued at about $26,000. Riverview Trust Co acquired a new stake in EOG Resources in the second quarter valued at approximately $27,000. MFA Wealth Advisors LLC bought a new stake in EOG Resources in the second quarter worth approximately $28,000. Eastern Bank acquired a new position in shares of EOG Resources during the 3rd quarter worth $28,000. Finally, Gladius Capital Management LP bought a new position in shares of EOG Resources during the 2nd quarter valued at $30,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at EOG Resources

In other EOG Resources news, Director Janet F. Clark sold 568 shares of the stock in a transaction 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 directly owns 43,532 shares in the company, valued at $5,891,185.56. This represents a 1.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Piper Sandler cut shares of EOG Resources from an “overweight” rating to a “neutral” rating and upped their price objective for the stock from $147.00 to $149.00 in a report on Monday, November 18th. Truist Financial increased their price objective on EOG Resources from $115.00 to $135.00 and gave the company a “hold” rating in a report on Tuesday, November 12th. Susquehanna reduced their target price on EOG Resources from $159.00 to $158.00 and set a “positive” rating for the company in a report on Wednesday, September 4th. Raymond James upped their target price on EOG Resources from $156.00 to $167.00 and gave the stock a “strong-buy” rating in a research report on Thursday, November 21st. Finally, Scotiabank dropped their price target 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. Fifteen research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $144.20.

EOG Resources Stock Performance

EOG opened at $127.81 on Monday. EOG Resources, Inc. has a 1 year low of $108.94 and a 1 year high of $139.67. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. The stock’s 50 day simple moving average is $129.37 and its 200-day simple moving average is $126.31. The stock has a market cap of $71.89 billion, a PE ratio of 10.29, a P/E/G ratio of 3.40 and a beta of 1.29.

EOG Resources announced that its Board of Directors has initiated a share repurchase 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 buy up to 7% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership believes its stock is undervalued.

EOG Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be issued a dividend of $0.975 per share. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.05%. This is an increase from EOG Resources’s previous quarterly dividend of $0.91. The ex-dividend date is Friday, January 17th. EOG Resources’s dividend payout ratio (DPR) is presently 29.31%.

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.