1834 Investment Advisors Co. Has $326,000 Stock Holdings in EOG Resources, Inc. (NYSE:EOG)

1834 Investment Advisors Co. reduced its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 7.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,659 shares of the energy exploration company’s stock after selling 225 shares during the quarter. 1834 Investment Advisors Co.’s holdings in EOG Resources were worth $326,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Northwest Investment Counselors LLC bought a new position in EOG Resources in the 3rd quarter valued at about $26,000. Decker Retirement Planning Inc. acquired a new stake in shares of EOG Resources during the 4th quarter worth approximately $27,000. Eastern Bank bought a new position in EOG Resources in the third quarter valued at approximately $28,000. Capital Performance Advisors LLP acquired a new position in EOG Resources during the third quarter valued at approximately $31,000. Finally, HM Payson & Co. lifted its stake in EOG Resources by 203.7% during the third 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 last quarter. Institutional investors own 89.91% of the company’s stock.

Insider Buying and Selling

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the business’s stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $120.89, for a total transaction of $483,560.00. Following the completion of the sale, the chief operating officer now directly 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Janet F. Clark sold 568 shares of the stock in a transaction that occurred 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 completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. 0.30% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Bank of America reissued a “neutral” rating and set a $144.00 price target (down previously from $151.00) on shares of EOG Resources in a report on Monday, January 13th. Truist Financial boosted their target price on EOG Resources from $135.00 to $137.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. Wells Fargo & Company upgraded shares of EOG Resources from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $147.00 to $150.00 in a research note on Tuesday, December 17th. Mizuho lowered their price objective on shares of EOG Resources from $156.00 to $148.00 and set an “outperform” rating for the company in a research report on Monday, December 16th. Finally, KeyCorp cut their target price on shares of EOG Resources from $157.00 to $150.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. Thirteen equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $143.86.

EOG Resources Stock Performance

Shares of EOG stock opened at $131.73 on Monday. The firm has a 50 day moving average of $129.01 and a 200-day moving average of $127.37. The company has a market cap of $74.09 billion, a price-to-earnings ratio of 10.61, a price-to-earnings-growth ratio of 3.68 and a beta of 1.29. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. EOG Resources, Inc. has a 52 week low of $108.94 and a 52 week high of $139.67.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Thursday, November 7th. The energy exploration company reported $2.89 earnings per share for the quarter, beating the consensus estimate of $2.73 by $0.16. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The firm had revenue of $5.97 billion for the quarter, compared to analyst estimates of $6.03 billion. During the same quarter in the prior year, the business earned $3.44 earnings per share. On average, equities analysts forecast that EOG Resources, Inc. will post 11.45 earnings per share for the current year.

EOG Resources declared that its board has authorized a share repurchase plan on Thursday, November 7th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the energy exploration company to purchase up to 7% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

EOG Resources Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be given a dividend of $0.975 per share. This represents a $3.90 dividend on an annualized basis and a dividend yield of 2.96%. This is a positive change from EOG Resources’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Friday, January 17th. EOG Resources’s dividend payout ratio is presently 31.40%.

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.