Banco Santander S.A. Acquires 1,244 Shares of EOG Resources, Inc. (NYSE:EOG)

Banco Santander S.A. raised its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 54.1% in the third quarter, HoldingsChannel reports. The firm owned 3,545 shares of the energy exploration company’s stock after buying an additional 1,244 shares during the quarter. Banco Santander S.A.’s holdings in EOG Resources were worth $436,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Northwest Investment Counselors LLC bought a new position in shares of EOG Resources during the third quarter valued at approximately $26,000. Riverview Trust Co purchased a new position in EOG Resources during the 2nd quarter valued at $27,000. MFA Wealth Advisors LLC purchased a new position in EOG Resources during the 2nd quarter valued at $28,000. Eastern Bank bought a new position in EOG Resources in the 3rd quarter worth $28,000. Finally, Gladius Capital Management LP purchased a new stake in shares of EOG Resources in the 2nd quarter worth about $30,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Insider Buying and Selling at EOG Resources

In other EOG Resources news, Director Janet F. Clark sold 568 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $135.33, for a total transaction 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 represents a 1.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Michael P. Donaldson sold 11,037 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $129.50, for a total transaction of $1,429,291.50. Following the completion of the transaction, the executive vice president now owns 74,250 shares in the company, valued at $9,615,375. The trade was a 12.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.30% of the company’s stock.

EOG Resources Stock Performance

Shares of EOG stock opened at $136.35 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 company has a 50 day moving average price of $127.95 and a 200-day moving average price of $126.18. EOG Resources, Inc. has a 52 week low of $108.94 and a 52 week high of $139.67. The firm has a market capitalization of $76.69 billion, a PE ratio of 10.98, a P/E/G ratio of 3.59 and a beta of 1.28.

EOG Resources declared that its board has authorized a stock buyback plan 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 repurchase up to 7% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board believes its shares are undervalued.

EOG Resources Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be given a $0.975 dividend. This represents a $3.90 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date is Friday, January 17th. This is an increase from EOG Resources’s previous quarterly dividend of $0.91. EOG Resources’s payout ratio is 29.31%.

Wall Street Analysts Forecast Growth

EOG has been the topic of several research analyst reports. Susquehanna reduced their price target on shares of EOG Resources from $159.00 to $158.00 and set a “positive” rating on the stock in a research report on Wednesday, September 4th. UBS Group dropped their target price on shares of EOG Resources from $167.00 to $154.00 and set a “buy” rating on the stock in a report on Wednesday, September 18th. Piper Sandler lowered shares of EOG Resources from an “overweight” rating to a “neutral” rating and increased their price target for the stock from $147.00 to $149.00 in a research note on Monday, November 18th. JPMorgan Chase & Co. dropped their price objective on shares of EOG Resources from $143.00 to $135.00 and set a “neutral” rating on the stock in a research note on Thursday, September 12th. Finally, Evercore ISI decreased their target price on shares of EOG Resources from $150.00 to $145.00 and set an “outperform” rating for the company in a research note on Monday, September 30th. Fifteen research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, EOG Resources has a consensus rating of “Hold” and an average price target of $144.00.

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.