StrongBox Wealth LLC Trims Holdings in EOG Resources, Inc. (NYSE:EOG)

StrongBox Wealth LLC cut its holdings in EOG Resources, Inc. (NYSE:EOG) by 24.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,613 shares of the energy exploration company’s stock after selling 1,495 shares during the quarter. StrongBox Wealth LLC’s holdings in EOG Resources were worth $565,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Insight Inv LLC increased its holdings in EOG Resources by 0.8% in the 3rd quarter. Insight Inv LLC now owns 9,385 shares of the energy exploration company’s stock worth $1,154,000 after acquiring an additional 75 shares in the last quarter. Cape ANN Savings Bank increased its holdings in EOG Resources by 0.9% in the 3rd quarter. Cape ANN Savings Bank now owns 8,679 shares of the energy exploration company’s stock worth $1,067,000 after acquiring an additional 79 shares in the last quarter. Everpar Advisors LLC increased its holdings in EOG Resources by 3.6% in the 3rd quarter. Everpar Advisors LLC now owns 2,380 shares of the energy exploration company’s stock worth $293,000 after acquiring an additional 83 shares in the last quarter. Rosenberg Matthew Hamilton increased its holdings in EOG Resources by 3.0% in the 4th quarter. Rosenberg Matthew Hamilton now owns 2,921 shares of the energy exploration company’s stock worth $358,000 after acquiring an additional 84 shares in the last quarter. Finally, FSM Wealth Advisors LLC increased its holdings in EOG Resources by 5.5% in the 3rd quarter. FSM Wealth Advisors LLC now owns 1,702 shares of the energy exploration company’s stock worth $209,000 after acquiring an additional 88 shares in the last quarter. 89.91% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Janet F. Clark sold 568 shares of EOG Resources stock in a transaction on Tuesday, November 19th. The stock was 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 in the company, valued at approximately $5,891,185.56. This trade represents a 1.29 % 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 this link. Also, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $120.89, for a total value of $483,560.00. Following the sale, the chief operating officer now owns 42,703 shares of the company’s stock, valued at approximately $5,162,365.67. This trade represents a 8.56 % 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.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on EOG shares. Truist Financial increased their price objective on shares of EOG Resources from $135.00 to $137.00 and gave the company a “hold” rating in a report on Monday. StockNews.com raised shares of EOG Resources from a “hold” rating to a “buy” rating in a report on Saturday, January 11th. Piper Sandler cut their price objective on shares of EOG Resources from $149.00 to $140.00 and set a “neutral” rating for the company in a report on Tuesday, December 17th. Wolfe Research raised shares of EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 price objective for the company in a report on Friday, January 3rd. Finally, Bank of America reaffirmed a “neutral” rating and set a $144.00 price objective (down from $151.00) on shares of EOG Resources in a report on Monday. Thirteen equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $143.48.

EOG Resources Stock Up 1.0 %

Shares of EOG opened at $137.17 on Thursday. The company has a market cap of $77.15 billion, a PE ratio of 11.04, a P/E/G ratio of 3.63 and a beta of 1.29. The business has a fifty day moving average of $128.48 and a 200 day moving average of $126.84. EOG Resources, Inc. has a 52-week low of $108.94 and a 52-week high of $139.67. 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 announced that its board has authorized a stock repurchase program on Thursday, November 7th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the energy exploration company to purchase up to 7% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its shares are undervalued.

EOG Resources Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be given a $0.975 dividend. The ex-dividend date is Friday, January 17th. This is an increase from EOG Resources’s previous quarterly dividend of $0.91. This represents a $3.90 dividend on an annualized basis and a yield of 2.84%. EOG Resources’s dividend payout ratio (DPR) is currently 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.