Charles Schwab Investment Management Inc. Has $2.14 Billion Stock Holdings in EOG Resources, Inc. (NYSE:EOG)

Charles Schwab Investment Management Inc. boosted its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 0.4% in the 3rd quarter, Holdings Channel reports. The firm owned 17,411,032 shares of the energy exploration company’s stock after buying an additional 75,194 shares during the period. Charles Schwab Investment Management Inc.’s holdings in EOG Resources were worth $2,140,338,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of EOG Resources during the 2nd quarter valued at approximately $106,990,000. Legal & General Group Plc lifted its stake in shares of EOG Resources by 9.1% in the 2nd quarter. Legal & General Group Plc now owns 4,840,705 shares of the energy exploration company’s stock valued at $609,300,000 after acquiring an additional 403,676 shares during the last quarter. National Bank of Canada FI increased its holdings in EOG Resources by 237.9% in the 2nd quarter. National Bank of Canada FI now owns 487,920 shares of the energy exploration company’s stock worth $61,741,000 after purchasing an additional 343,527 shares in the last quarter. Canada Pension Plan Investment Board boosted its stake in shares of EOG Resources by 67.3% during the first quarter. Canada Pension Plan Investment Board now owns 843,682 shares of the energy exploration company’s stock valued at $107,856,000 after purchasing an additional 339,480 shares in the last quarter. Finally, Victory Capital Management Inc. increased its position in EOG Resources by 42.8% in the 3rd quarter. Victory Capital Management Inc. now owns 1,113,429 shares of the energy exploration company’s stock valued at $136,874,000 after acquiring an additional 333,947 shares during the period. 89.91% of the stock is currently owned by institutional investors.

Insider Activity

In other EOG Resources news, EVP Michael P. Donaldson sold 11,037 shares of the business’s stock in a transaction dated 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 completion of the transaction, the executive vice president now directly owns 74,250 shares in the company, valued at approximately $9,615,375. The trade was a 12.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Janet F. Clark sold 568 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $135.33, for a total transaction of $76,867.44. Following the completion of the sale, the director now 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 disclosure for this sale can be found here. Insiders own 0.30% of the company’s stock.

EOG Resources Trading Up 0.3 %

Shares of NYSE EOG opened at $136.61 on Thursday. EOG Resources, Inc. has a twelve month low of $108.94 and a twelve month 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 fifty day simple moving average of $127.27 and a two-hundred day simple moving average of $126.10. The firm has a market cap of $76.84 billion, a PE ratio of 10.97, a price-to-earnings-growth ratio of 3.58 and a beta of 1.28.

EOG Resources declared that its Board of Directors has initiated a stock buyback plan on Thursday, November 7th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the energy exploration company to purchase up to 7% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

EOG Resources Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be given a $0.975 dividend. This represents a $3.90 annualized dividend and a dividend yield of 2.85%. The ex-dividend date of this dividend is Friday, January 17th. This is a boost from EOG Resources’s previous quarterly dividend of $0.91. EOG Resources’s dividend payout ratio is presently 29.31%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. KeyCorp decreased their price objective on EOG Resources from $157.00 to $150.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. StockNews.com downgraded shares of EOG Resources from a “buy” rating to a “hold” rating in a research report on Saturday, November 16th. Barclays decreased their price objective on shares of EOG Resources from $144.00 to $137.00 and set an “equal weight” rating for the company in a research report on Thursday, October 3rd. Benchmark reiterated a “hold” rating on shares of EOG Resources in a report on Tuesday, November 12th. Finally, Piper Sandler downgraded EOG Resources from an “overweight” rating to a “neutral” rating and boosted their price objective for the company from $147.00 to $149.00 in a research note on Monday. Fifteen investment 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, EOG Resources currently has a consensus rating of “Hold” and a consensus target price of $142.90.

About EOG Resources

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.