Los Angeles Capital Management LLC Sells 139,235 Shares of EOG Resources, Inc. (NYSE:EOG)

Los Angeles Capital Management LLC trimmed its position in EOG Resources, Inc. (NYSE:EOG) by 86.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 22,101 shares of the energy exploration company’s stock after selling 139,235 shares during the quarter. Los Angeles Capital Management LLC’s holdings in EOG Resources were worth $2,717,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Northwest Investment Counselors LLC bought a new stake in EOG Resources in the third quarter valued at approximately $26,000. Riverview Trust Co acquired a new position in shares of EOG Resources during the 2nd quarter worth approximately $27,000. MFA Wealth Advisors LLC bought a new stake in EOG Resources in the 2nd quarter valued at $28,000. Eastern Bank acquired a new stake in EOG Resources during the 3rd quarter valued at $28,000. Finally, Gladius Capital Management LP bought a new position in EOG Resources during the second quarter worth $30,000. 89.91% of the stock is owned by institutional investors.

Insider Buying and Selling

In other EOG Resources news, Director Charles R. Crisp sold 6,500 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $125.60, for a total transaction of $816,400.00. Following the completion of the transaction, the director now owns 60,892 shares of the company’s stock, valued at approximately $7,648,035.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other EOG Resources news, EVP Michael P. Donaldson sold 11,037 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $129.50, for a total value of $1,429,291.50. Following the sale, the executive vice president now owns 74,250 shares in the company, valued at $9,615,375. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Charles R. Crisp sold 6,500 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $125.60, for a total transaction of $816,400.00. Following the transaction, the director now owns 60,892 shares of the company’s stock, valued at $7,648,035.20. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.30% of the stock is owned by corporate insiders.

EOG Resources Price Performance

Shares of EOG opened at $133.10 on Wednesday. The firm has a 50 day simple moving average of $125.28 and a two-hundred day simple moving average of $125.94. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.12 and a quick ratio of 1.89. EOG Resources, Inc. has a one year low of $108.94 and a one year high of $139.67. The company has a market cap of $75.68 billion, a P/E ratio of 10.72, a P/E/G ratio of 3.56 and a beta of 1.28.

EOG Resources declared that its Board of Directors has initiated a share repurchase program on Thursday, November 7th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the energy exploration company to reacquire up to 7% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

EOG Resources Increases Dividend

The firm also recently declared 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 is Friday, January 17th. This represents a $3.90 dividend on an annualized basis and a dividend yield of 2.93%. This is a boost from EOG Resources’s previous quarterly dividend of $0.91. EOG Resources’s payout ratio is 29.31%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on EOG. Piper Sandler cut their target price on shares of EOG Resources from $154.00 to $147.00 and set an “overweight” rating for the company in a research note on Thursday, August 15th. Royal Bank of Canada restated a “sector perform” rating and set a $145.00 price objective on shares of EOG Resources in a research report on Monday, October 14th. Sanford C. Bernstein decreased their target price on EOG Resources from $139.00 to $125.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 17th. StockNews.com upgraded EOG Resources from a “hold” rating to a “buy” rating in a research note on Friday, November 8th. Finally, Benchmark restated a “hold” rating on shares of EOG Resources in a research note on Tuesday. Thirteen investment 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. According to MarketBeat.com, EOG Resources has a consensus rating of “Hold” and a consensus price target of $142.20.

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.