EOG Resources, Inc. (NYSE:EOG) Shares Acquired by Larson Financial Group LLC

Larson Financial Group LLC boosted its position in shares of EOG Resources, Inc. (NYSE:EOG) by 53.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,213 shares of the energy exploration company’s stock after purchasing an additional 1,463 shares during the period. Larson Financial Group LLC’s holdings in EOG Resources were worth $518,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Northwest Investment Counselors LLC acquired a new stake in shares of EOG Resources during the third quarter valued at about $26,000. Riverview Trust Co bought a new position in shares of EOG Resources during the second quarter worth about $27,000. MFA Wealth Advisors LLC acquired a new position in EOG Resources in the second quarter worth about $28,000. Eastern Bank bought a new stake in EOG Resources in the third quarter valued at about $28,000. Finally, Gladius Capital Management LP acquired a new stake in EOG Resources during the second quarter valued at approximately $30,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Wall Street Analyst Weigh In

EOG has been the subject of several research reports. KeyCorp decreased their target price on EOG Resources from $157.00 to $150.00 and set an “overweight” rating for the company in a research report on Wednesday, October 16th. Susquehanna lowered their target price on shares of EOG Resources from $159.00 to $158.00 and set a “positive” rating for the company in a research note on Wednesday, September 4th. Evercore ISI reduced their price target 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. Piper Sandler downgraded shares of 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 report on Monday, November 18th. Finally, Morgan Stanley cut 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 report on Monday, September 16th. Fifteen research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $144.00.

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 of the company’s stock, valued at approximately $5,891,185.56. This trade represents a 1.29 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.20% of the company’s stock.

EOG Resources Stock Performance

Shares of EOG opened at $131.98 on Tuesday. The firm has a market capitalization of $74.23 billion, a PE ratio of 10.63, a P/E/G ratio of 3.62 and a beta of 1.28. 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 firm has a 50-day moving average price of $128.16 and a 200 day moving average price of $126.16. EOG Resources, Inc. has a 52-week low of $108.94 and a 52-week high of $139.67.

EOG Resources Increases Dividend

The business 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 $0.975 dividend. The ex-dividend date is Friday, January 17th. This is a boost from EOG Resources’s previous quarterly dividend of $0.91. This represents a $3.90 annualized dividend and a dividend yield of 2.95%. EOG Resources’s dividend payout ratio (DPR) is 29.31%.

EOG Resources declared that its Board of Directors has authorized a stock buyback plan on Thursday, November 7th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the energy exploration company to reacquire up to 7% of its shares through open market purchases. Shares buyback plans are typically 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.