EOG Resources, Inc. (NYSE:EOG) Shares Purchased by Galvin Gaustad & Stein LLC

Galvin Gaustad & Stein LLC raised its stake in EOG Resources, Inc. (NYSE:EOG) by 0.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 136,317 shares of the energy exploration company’s stock after acquiring an additional 943 shares during the quarter. EOG Resources makes up 1.5% of Galvin Gaustad & Stein LLC’s portfolio, making the stock its 28th biggest holding. Galvin Gaustad & Stein LLC’s holdings in EOG Resources were worth $16,757,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. SpiderRock Advisors LLC grew its stake in EOG Resources by 34.3% in the 3rd quarter. SpiderRock Advisors LLC now owns 5,696 shares of the energy exploration company’s stock worth $700,000 after acquiring an additional 1,455 shares during the period. CWA Asset Management Group LLC acquired a new position in EOG Resources in the third quarter valued at $1,041,000. Capital Performance Advisors LLP purchased a new stake in EOG Resources in the third quarter valued at approximately $31,000. AIA Group Ltd purchased a new position in shares of EOG Resources in the 3rd quarter worth about $331,000. Finally, Lifestyle Asset Management Inc. lifted its stake in shares of EOG Resources by 3.7% in the 3rd quarter. Lifestyle Asset Management Inc. now owns 7,706 shares of the energy exploration company’s stock valued at $947,000 after purchasing an additional 274 shares in the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on EOG shares. Barclays cut their price target on shares of EOG Resources from $144.00 to $137.00 and set an “equal weight” rating on the stock in a report on Thursday, October 3rd. Wells Fargo & Company reduced their target price on shares of EOG Resources from $140.00 to $135.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 1st. KeyCorp reduced their target price on shares of EOG Resources from $157.00 to $150.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. Royal Bank of Canada restated a “sector perform” rating and set a $145.00 target price on shares of EOG Resources in a report on Monday, October 14th. Finally, JPMorgan Chase & Co. reduced their target price on shares of EOG Resources from $143.00 to $135.00 and set a “neutral” rating on the stock in a report on Thursday, September 12th. Thirteen equities research 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 company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $141.20.

Insider Buying and Selling at EOG Resources

In other news, EVP Michael P. Donaldson sold 11,037 shares of the company’s stock in a transaction 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 sale, the executive vice president now directly owns 74,250 shares of the company’s stock, valued at $9,615,375. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 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 value of $816,400.00. Following the transaction, the director now owns 60,892 shares in the company, valued at $7,648,035.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Michael P. Donaldson sold 11,037 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was 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 directly owns 74,250 shares of the company’s stock, valued at $9,615,375. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.20% of the stock is owned by corporate insiders.

EOG Resources Stock Performance

EOG opened at $134.19 on Friday. EOG Resources, Inc. has a twelve month low of $108.94 and a twelve month high of $139.67. The stock has a market cap of $76.30 billion, a PE ratio of 10.36, a price-to-earnings-growth ratio of 3.24 and a beta of 1.28. The business’s 50 day moving average is $125.19 and its 200-day moving average is $126.08. The company has a current ratio of 2.12, a quick ratio of 1.89 and a debt-to-equity ratio of 0.11.

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 issued a dividend of $0.975 per share. This represents a $3.90 dividend on an annualized basis and a yield of 2.91%. This is a boost from EOG Resources’s previous quarterly dividend of $0.91. EOG Resources’s dividend payout ratio (DPR) is presently 28.11%.

EOG Resources declared that its board has approved a stock buyback program on Thursday, November 7th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the energy exploration company to repurchase up to 7% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

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.