First Horizon Advisors Inc. Acquires 93 Shares of EOG Resources, Inc. (NYSE:EOG)

First Horizon Advisors Inc. increased its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 3.7% in the third quarter, according to its most recent filing with the SEC. The fund owned 2,603 shares of the energy exploration company’s stock after acquiring an additional 93 shares during the period. First Horizon Advisors Inc.’s holdings in EOG Resources were worth $320,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $145.00 price target on shares of EOG Resources in a research note on Monday, October 14th. JPMorgan Chase & Co. reduced their price objective on EOG Resources from $143.00 to $135.00 and set a “neutral” rating on the stock in a report on Thursday, September 12th. Evercore ISI lowered their target price on EOG Resources from $150.00 to $145.00 and set an “outperform” rating for the company in a report on Monday, September 30th. Truist Financial lifted their price objective on EOG Resources from $115.00 to $135.00 and gave the company a “hold” rating in a report on Tuesday, November 12th. Finally, StockNews.com cut shares of EOG Resources from a “buy” rating to a “hold” rating in a report on Saturday, November 16th. Fifteen equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $144.00.

Insider Buying and Selling

In other news, EVP Michael P. Donaldson sold 11,037 shares of the stock in a transaction dated 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 completion of the sale, the executive vice president now directly owns 74,250 shares in the company, valued at $9,615,375. This represents a 12.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Janet F. Clark sold 568 shares of the firm’s stock in a transaction dated 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 transaction, the director now directly owns 43,532 shares in the company, valued at approximately $5,891,185.56. This represents a 1.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.30% of the company’s stock.

EOG Resources Stock Performance

Shares of EOG Resources 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. EOG Resources, Inc. has a 52 week low of $108.94 and a 52 week high of $139.67. The company has a 50 day moving average price of $127.95 and a 200 day moving average price of $126.20. The firm has a market capitalization of $76.69 billion, a P/E ratio of 10.98, a PEG ratio of 3.58 and a beta of 1.28.

EOG Resources Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be given a $0.975 dividend. This is a positive change from EOG Resources’s previous quarterly dividend of $0.91. The ex-dividend date is Friday, January 17th. This represents a $3.90 annualized dividend and a dividend yield of 2.86%. EOG Resources’s dividend payout ratio (DPR) is 31.40%.

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

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.