EOG Resources, Inc. (NYSE:EOG) Shares Sold by Pekin Hardy Strauss Inc.

Pekin Hardy Strauss Inc. decreased its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 0.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 31,652 shares of the energy exploration company’s stock after selling 300 shares during the period. Pekin Hardy Strauss Inc.’s holdings in EOG Resources were worth $3,891,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in EOG. Capital Investment Counsel LLC raised its stake in EOG Resources by 9.3% during the 3rd quarter. Capital Investment Counsel LLC now owns 42,678 shares of the energy exploration company’s stock valued at $5,246,000 after acquiring an additional 3,626 shares during the last quarter. SevenBridge Financial Group LLC raised its stake in shares of EOG Resources by 3.8% during the third quarter. SevenBridge Financial Group LLC now owns 24,706 shares of the energy exploration company’s stock worth $3,288,000 after purchasing an additional 901 shares during the last quarter. Alpha DNA Investment Management LLC lifted its holdings in shares of EOG Resources by 3.1% during the third quarter. Alpha DNA Investment Management LLC now owns 16,185 shares of the energy exploration company’s stock worth $1,990,000 after purchasing an additional 487 shares during the period. Larson Financial Group LLC grew its position in EOG Resources by 53.2% in the 3rd quarter. Larson Financial Group LLC now owns 4,213 shares of the energy exploration company’s stock valued at $518,000 after buying an additional 1,463 shares during the last quarter. Finally, Sompo Asset Management Co. Ltd. increased its stake in EOG Resources by 4.1% in the 3rd quarter. Sompo Asset Management Co. Ltd. now owns 10,040 shares of the energy exploration company’s stock valued at $1,234,000 after buying an additional 400 shares during the period. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Price Performance

EOG stock opened at $136.35 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. The stock’s 50 day moving average price is $127.95 and its 200 day moving average price is $126.18. The firm has a market cap of $76.69 billion, a P/E ratio of 10.98, a PEG ratio of 3.59 and a beta of 1.28. EOG Resources, Inc. has a 1 year low of $108.94 and a 1 year high of $139.67.

EOG Resources Increases Dividend

The business also recently disclosed 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. The ex-dividend date is Friday, January 17th. This represents a $3.90 dividend on an annualized basis and a dividend yield of 2.86%. This is a positive change from EOG Resources’s previous quarterly dividend of $0.91. EOG Resources’s dividend payout ratio (DPR) is presently 29.31%.

EOG Resources announced that its board has approved a stock repurchase plan on Thursday, November 7th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the energy exploration company to reacquire up to 7% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on EOG shares. KeyCorp lowered 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. Raymond James lifted their price objective on EOG Resources from $156.00 to $167.00 and gave the company a “strong-buy” rating in a report on Thursday. Piper Sandler downgraded EOG Resources from an “overweight” rating to a “neutral” rating and increased their target price for the stock from $147.00 to $149.00 in a research note on Monday, November 18th. UBS Group decreased their price target on EOG Resources from $167.00 to $154.00 and set a “buy” rating on the stock in a research note on Wednesday, September 18th. Finally, Evercore ISI cut their price objective on EOG Resources from $150.00 to $145.00 and set an “outperform” rating for the company in a research report on Monday, September 30th. Fifteen research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $144.00.

Insider Buying and Selling

In related news, EVP Michael P. Donaldson sold 11,037 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $129.50, for a total transaction of $1,429,291.50. Following the sale, the executive vice president now owns 74,250 shares in the company, valued at approximately $9,615,375. This trade represents a 12.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Janet F. Clark sold 568 shares of EOG Resources stock in a transaction that occurred 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 of the company’s stock, valued at $5,891,185.56. The trade was 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 currently owned by company insiders.

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.