Butensky & Cohen Financial Security Inc. Purchases 3,465 Shares of EOG Resources, Inc. (NYSE:EOG)

Butensky & Cohen Financial Security Inc. grew its position in shares of EOG Resources, Inc. (NYSE:EOG) by 10.1% in the fourth quarter, Holdings Channel reports. The fund owned 37,920 shares of the energy exploration company’s stock after buying an additional 3,465 shares during the quarter. EOG Resources makes up about 1.5% of Butensky & Cohen Financial Security Inc.’s portfolio, making the stock its 25th biggest position. Butensky & Cohen Financial Security Inc.’s holdings in EOG Resources were worth $4,648,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of EOG. Northwest Investment Counselors LLC purchased a new position in shares of EOG Resources in the 3rd quarter worth $26,000. Decker Retirement Planning Inc. bought a new stake in EOG Resources during the fourth quarter worth approximately $27,000. Eastern Bank purchased a new stake in EOG Resources during the third quarter valued at approximately $28,000. Capital Performance Advisors LLP bought a new stake in shares of EOG Resources in the 3rd quarter valued at approximately $31,000. Finally, HM Payson & Co. boosted its holdings in shares of EOG Resources by 203.7% in the 3rd quarter. HM Payson & Co. now owns 328 shares of the energy exploration company’s stock worth $40,000 after purchasing an additional 220 shares during the period. 89.91% of the stock is owned by hedge funds and other institutional investors.

EOG Resources Stock Down 1.0 %

EOG Resources stock opened at $136.70 on Friday. 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 market cap of $76.89 billion, a P/E ratio of 11.01, a P/E/G ratio of 3.63 and a beta of 1.29. The business has a fifty day moving average of $128.91 and a two-hundred day moving average of $126.99. EOG Resources, Inc. has a twelve month low of $108.94 and a twelve month high of $139.67.

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 business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be given a dividend of $0.975 per share. The ex-dividend date of this dividend is Friday, January 17th. This represents a $3.90 dividend on an annualized basis and a yield of 2.85%. This is an increase from EOG Resources’s previous quarterly dividend of $0.91. EOG Resources’s dividend payout ratio (DPR) is presently 29.31%.

Insider Buying and Selling at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $120.89, for a total value of $483,560.00. Following the transaction, the chief operating officer now directly owns 42,703 shares of the company’s stock, valued at approximately $5,162,365.67. The trade was a 8.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Janet F. Clark sold 568 shares of the company’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $135.33, for a total value of $76,867.44. Following 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 disclosure for this sale can be found here. 0.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

EOG has been the topic of several recent research reports. Piper Sandler decreased their price target on EOG Resources from $149.00 to $140.00 and set a “neutral” rating on the stock in a report on Tuesday, December 17th. StockNews.com raised shares of EOG Resources from a “hold” rating to a “buy” rating in a research note on Saturday, January 11th. Benchmark reissued a “hold” rating on shares of EOG Resources in a research report on Monday, January 13th. Barclays dropped their target price on 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. Finally, Mizuho decreased their price target on EOG Resources from $156.00 to $148.00 and set an “outperform” rating for the company in a research note on Monday, December 16th. Thirteen research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $143.48.

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.