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

Banco Santander S.A. boosted its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 54.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. 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 as of its most recent SEC filing.

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

EOG Resources Stock Up 0.6 %

EOG opened at $136.35 on Friday. The business’s fifty day simple moving average is $127.95 and its 200 day simple moving average is $126.18. 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. The stock has a market cap 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 announced that its board has authorized a share repurchase plan on Thursday, November 7th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the energy exploration company to reacquire up to 7% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s board believes its stock is undervalued.

EOG Resources Increases Dividend

The company also recently announced 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. 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 dividend on an annualized basis and a yield of 2.86%. EOG Resources’s payout ratio is presently 29.31%.

Insiders Place Their Bets

In other EOG Resources news, EVP Michael P. Donaldson sold 11,037 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at $9,615,375. The trade was a 12.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Janet F. Clark sold 568 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $135.33, for a total value of $76,867.44. Following the transaction, the director now directly owns 43,532 shares in the company, valued at $5,891,185.56. This trade represents a 1.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.30% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

EOG has been the subject of several analyst reports. Truist Financial raised their price objective on shares of EOG Resources from $115.00 to $135.00 and gave the stock a “hold” rating in a report on Tuesday, November 12th. JPMorgan Chase & Co. reduced their price target on EOG Resources from $143.00 to $135.00 and set a “neutral” rating for the company in a research report on Thursday, September 12th. Wells Fargo & Company boosted their price objective on EOG Resources from $135.00 to $147.00 and gave the company an “equal weight” rating in a research note on Thursday. KeyCorp reduced their target price on EOG Resources from $157.00 to $150.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. Finally, Piper Sandler cut EOG Resources from an “overweight” rating to a “neutral” rating and upped their price target for the company from $147.00 to $149.00 in a research report on Monday, November 18th. Fifteen equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, EOG Resources has an average rating of “Hold” and a consensus 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.