EOG Resources, Inc. (NYSE:EOG) Director Janet F. Clark Sells 568 Shares

EOG Resources, Inc. (NYSE:EOG) Director Janet F. Clark sold 568 shares of EOG Resources 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 sale, the director now owns 43,532 shares of the company’s stock, valued at approximately $5,891,185.56. This represents a 1.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

EOG Resources Stock Down 0.7 %

Shares of NYSE EOG opened at $135.32 on Friday. The business has a 50-day moving average of $127.61 and a two-hundred day moving average of $126.16. The company has a market capitalization of $76.11 billion, a price-to-earnings ratio of 10.90, a price-to-earnings-growth ratio of 3.58 and a beta of 1.28. EOG Resources, Inc. has a 1 year low of $108.94 and a 1 year high of $139.67. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07.

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 Increases Dividend

The firm 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 is a boost from EOG Resources’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Friday, January 17th. This represents a $3.90 annualized dividend and a yield of 2.88%. EOG Resources’s payout ratio is presently 31.40%.

Analyst Ratings Changes

EOG has been the subject of a number of research analyst reports. Evercore ISI lowered their price objective on shares of EOG Resources from $150.00 to $145.00 and set an “outperform” rating for the company in a research report on Monday, September 30th. Scotiabank dropped their price objective on EOG Resources from $150.00 to $140.00 and set a “sector perform” rating for the company in a research note on Thursday, October 10th. KeyCorp decreased their target price on EOG Resources from $157.00 to $150.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. Susquehanna dropped 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. Finally, Piper Sandler cut shares of EOG Resources from an “overweight” rating to a “neutral” rating and increased their price target for the stock from $147.00 to $149.00 in a research report on Monday. Fifteen equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, EOG Resources has an average rating of “Hold” and an average price target of $144.00.

Institutional Trading of EOG Resources

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Lake Street Advisors Group LLC lifted its position in EOG Resources by 66.9% in the first quarter. Lake Street Advisors Group LLC now owns 2,896 shares of the energy exploration company’s stock valued at $370,000 after acquiring an additional 1,161 shares during the last quarter. Pitcairn Co. raised its holdings in shares of EOG Resources by 12.0% in the first quarter. Pitcairn Co. now owns 4,903 shares of the energy exploration company’s stock valued at $627,000 after buying an additional 526 shares during the last quarter. InterOcean Capital Group LLC boosted its stake in shares of EOG Resources by 10.0% during the first quarter. InterOcean Capital Group LLC now owns 5,006 shares of the energy exploration company’s stock worth $640,000 after buying an additional 454 shares during the period. Crewe Advisors LLC purchased a new position in shares of EOG Resources during the first quarter worth about $40,000. Finally, Vident Advisory LLC raised its stake in EOG Resources by 2.3% during the 1st quarter. Vident Advisory LLC now owns 52,984 shares of the energy exploration company’s stock valued at $6,774,000 after acquiring an additional 1,214 shares during the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

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.