EOG Resources, Inc. (NYSE:EOG) Shares Sold by Signet Financial Management LLC

Signet Financial Management LLC cut its stake in EOG Resources, Inc. (NYSE:EOG) by 14.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 25,402 shares of the energy exploration company’s stock after selling 4,269 shares during the quarter. Signet Financial Management LLC’s holdings in EOG Resources were worth $3,114,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Franklin Resources Inc. boosted its holdings in EOG Resources by 64.7% in the 3rd quarter. Franklin Resources Inc. now owns 5,284,228 shares of the energy exploration company’s stock valued at $694,717,000 after purchasing an additional 2,076,134 shares during the last quarter. Fisher Asset Management LLC grew its holdings in shares of EOG Resources by 856.7% during the 3rd quarter. Fisher Asset Management LLC now owns 1,200,851 shares of the energy exploration company’s stock worth $147,621,000 after purchasing an additional 1,075,334 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of EOG Resources during the 2nd quarter worth about $106,990,000. Legal & General Group Plc raised its holdings in 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 buying an additional 403,676 shares during the period. Finally, Victory Capital Management Inc. lifted its position in EOG Resources by 42.8% in the third quarter. Victory Capital Management Inc. now owns 1,113,429 shares of the energy exploration company’s stock valued at $136,874,000 after buying an additional 333,947 shares during the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Performance

Shares of EOG Resources stock traded up $3.10 during trading on Monday, reaching $134.51. The company’s stock had a trading volume of 5,522,621 shares, compared to its average volume of 3,547,088. The firm has a market cap of $75.66 billion, a PE ratio of 10.83, a P/E/G ratio of 3.37 and a beta of 1.29. The company has a 50-day moving average price of $127.97 and a two-hundred day moving average price of $126.70. 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, Inc. has a fifty-two week low of $108.94 and a fifty-two week high of $139.67.

EOG Resources Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be paid a dividend of $0.975 per share. This is an increase from EOG Resources’s previous quarterly dividend of $0.91. The ex-dividend date is Friday, January 17th. This represents a $3.90 annualized dividend and a dividend yield of 2.90%. EOG Resources’s dividend payout ratio is 31.40%.

EOG Resources declared that its board has authorized a share buyback program on Thursday, November 7th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the energy exploration company to purchase up to 7% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on EOG shares. Benchmark reissued a “hold” rating on shares of EOG Resources in a research note on Monday. Raymond James boosted their target price on EOG Resources from $156.00 to $167.00 and gave the company a “strong-buy” rating in a research report on Thursday, November 21st. Royal Bank of Canada restated a “sector perform” rating and set a $150.00 price target on shares of EOG Resources in a research report on Monday, January 6th. Evercore ISI decreased their target price on EOG Resources from $150.00 to $145.00 and set an “outperform” rating on the stock in a research note on Monday, September 30th. Finally, Piper Sandler dropped their target price on EOG Resources from $149.00 to $140.00 and set a “neutral” rating for the company in a research report on Tuesday, December 17th. Thirteen research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, EOG Resources currently has an average rating of “Hold” and a consensus target price of $143.48.

Insider Buying and Selling

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $120.89, for a total value of $483,560.00. Following the sale, the chief operating officer now owns 42,703 shares of the company’s stock, valued at $5,162,365.67. The trade was a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Janet F. Clark sold 568 shares of the stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $135.33, for a total transaction of $76,867.44. Following the transaction, the director now directly owns 43,532 shares of the company’s stock, 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. Corporate insiders own 0.30% 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.