EOG Resources, Inc. (NYSE:EOG) Shares Purchased by CreativeOne Wealth LLC

CreativeOne Wealth LLC boosted its position in EOG Resources, Inc. (NYSE:EOG) by 59.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,507 shares of the energy exploration company’s stock after acquiring an additional 5,399 shares during the quarter. CreativeOne Wealth LLC’s holdings in EOG Resources were worth $1,783,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bridgewater Associates LP lifted its stake in shares of EOG Resources by 1,003.6% during the third quarter. Bridgewater Associates LP now owns 343,160 shares of the energy exploration company’s stock worth $42,185,000 after purchasing an additional 312,064 shares in the last quarter. Freedom Investment Management Inc. lifted its stake in shares of EOG Resources by 2.9% during the third quarter. Freedom Investment Management Inc. now owns 6,404 shares of the energy exploration company’s stock worth $787,000 after purchasing an additional 179 shares in the last quarter. Townsquare Capital LLC lifted its stake in shares of EOG Resources by 15.5% during the third quarter. Townsquare Capital LLC now owns 18,811 shares of the energy exploration company’s stock worth $2,312,000 after purchasing an additional 2,521 shares in the last quarter. Cadence Bank lifted its stake in shares of EOG Resources by 1.5% during the third quarter. Cadence Bank now owns 88,442 shares of the energy exploration company’s stock worth $10,872,000 after purchasing an additional 1,294 shares in the last quarter. Finally, Avestar Capital LLC lifted its stake in shares of EOG Resources by 37.8% during the third quarter. Avestar Capital LLC now owns 2,594 shares of the energy exploration company’s stock worth $319,000 after purchasing an additional 711 shares in the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Stock Up 0.4 %

NYSE:EOG opened at $133.09 on Friday. The firm has a market capitalization of $74.86 billion, a PE ratio of 10.72, a price-to-earnings-growth ratio of 3.51 and a beta of 1.28. The stock has a 50 day moving average of $128.67 and a 200-day moving average of $126.27. EOG Resources, Inc. has a 52 week low of $108.94 and a 52 week 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.

EOG Resources Increases Dividend

The business also recently announced 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. The ex-dividend date of this dividend is Friday, January 17th. This is a positive change from EOG Resources’s previous quarterly dividend of $0.91. This represents a $3.90 annualized dividend and a dividend yield of 2.93%. EOG Resources’s dividend payout ratio is 29.31%.

EOG Resources declared that its Board of Directors has initiated a stock buyback program on Thursday, November 7th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the energy exploration company to repurchase up to 7% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Piper Sandler cut EOG Resources from an “overweight” rating to a “neutral” rating and boosted their price objective for the stock from $147.00 to $149.00 in a research note on Monday, November 18th. KeyCorp reduced their price objective 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. Evercore ISI dropped their target price on EOG Resources from $150.00 to $145.00 and set an “outperform” rating on the stock in a research report on Monday, September 30th. JPMorgan Chase & Co. dropped their target price on EOG Resources from $143.00 to $135.00 and set a “neutral” rating on the stock in a research report on Thursday, September 12th. Finally, StockNews.com lowered EOG Resources from a “buy” rating to a “hold” rating in a research report on Saturday, November 16th. Fifteen investment 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. According to data from MarketBeat.com, EOG Resources has an average rating of “Hold” and an average price target of $144.20.

Insider Transactions at EOG Resources

In other news, 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 completion of the transaction, the director now directly owns 43,532 shares in the company, valued at approximately $5,891,185.56. The trade was a 1.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.20% of the company’s stock.

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.