EOG Resources, Inc. (NYSE:EOG) Shares Sold by QV Investors Inc.

QV Investors Inc. lessened its stake in EOG Resources, Inc. (NYSE:EOG) by 3.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 86,170 shares of the energy exploration company’s stock after selling 3,180 shares during the quarter. QV Investors Inc.’s holdings in EOG Resources were worth $10,563,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of EOG. DRW Securities LLC grew its position in shares of EOG Resources by 98.6% during the 3rd quarter. DRW Securities LLC now owns 26,838 shares of the energy exploration company’s stock valued at $3,299,000 after buying an additional 13,324 shares during the last quarter. Caprock Group LLC raised its position in shares of EOG Resources by 7.7% during the 3rd quarter. Caprock Group LLC now owns 12,112 shares of the energy exploration company’s stock worth $1,489,000 after purchasing an additional 862 shares during the period. World Investment Advisors LLC bought a new stake in shares of EOG Resources in the 3rd quarter worth approximately $730,000. University of Texas Texas AM Investment Management Co. boosted its position in EOG Resources by 3,976.8% during the 2nd quarter. University of Texas Texas AM Investment Management Co. now owns 10,885 shares of the energy exploration company’s stock valued at $1,370,000 after purchasing an additional 10,618 shares during the period. Finally, KBC Group NV grew its stake in EOG Resources by 11.4% during the 3rd quarter. KBC Group NV now owns 119,132 shares of the energy exploration company’s stock worth $14,645,000 after buying an additional 12,210 shares during the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently issued reports on EOG. Barclays reduced their price target on shares of EOG Resources from $144.00 to $137.00 and set an “equal weight” rating for the company in a report on Thursday, October 3rd. Piper Sandler decreased their target price on shares of EOG Resources from $149.00 to $140.00 and set a “neutral” rating for the company in a research report on Tuesday, December 17th. UBS Group cut their price target on EOG Resources from $167.00 to $154.00 and set a “buy” rating on the stock in a report on Wednesday, September 18th. Bank of America restated a “neutral” rating and issued a $144.00 target price (down from $151.00) on shares of EOG Resources in a research report on Monday. Finally, Benchmark reiterated a “hold” rating on shares of EOG Resources in a research report on Monday. Thirteen research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, EOG Resources currently has an average rating of “Hold” and a consensus target price of $143.48.

EOG Resources Stock Performance

Shares of NYSE:EOG traded up $4.34 during trading on Monday, reaching $135.75. The stock had a trading volume of 2,820,366 shares, compared to its average volume of 3,132,899. The stock has a fifty day simple moving average of $127.97 and a two-hundred day simple moving average of $126.70. 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. The firm has a market capitalization of $76.35 billion, a price-to-earnings ratio of 10.93, a P/E/G ratio of 3.37 and a beta of 1.29.

EOG Resources Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors 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 of this dividend is Friday, January 17th. This represents a $3.90 annualized dividend and a yield of 2.87%. EOG Resources’s dividend payout ratio is presently 31.40%.

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

Insider Buying and Selling at EOG Resources

In related news, Director Janet F. Clark sold 568 shares of the firm’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 completion of the transaction, the director now directly owns 43,532 shares of the company’s stock, valued at $5,891,185.56. This trade represents a 1.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the business’s stock in a transaction on 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 in the company, valued at $5,162,365.67. This trade represents a 8.56 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.30% of the company’s stock.

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.