Larson Financial Group LLC Grows Position in EOG Resources, Inc. (NYSE:EOG)

Larson Financial Group LLC grew its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 53.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,213 shares of the energy exploration company’s stock after purchasing an additional 1,463 shares during the period. Larson Financial Group LLC’s holdings in EOG Resources were worth $518,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in EOG Resources during the second quarter worth about $106,990,000. Legal & General Group Plc boosted its stake in shares of EOG Resources by 9.1% during the 2nd quarter. Legal & General Group Plc now owns 4,840,705 shares of the energy exploration company’s stock worth $609,300,000 after acquiring an additional 403,676 shares in the last quarter. National Bank of Canada FI grew its holdings in shares of EOG Resources by 237.9% in the 2nd quarter. National Bank of Canada FI now owns 487,920 shares of the energy exploration company’s stock worth $61,741,000 after acquiring an additional 343,527 shares during the period. Victory Capital Management Inc. increased its stake in EOG Resources by 42.8% in the 3rd quarter. Victory Capital Management Inc. now owns 1,113,429 shares of the energy exploration company’s stock valued at $136,874,000 after purchasing an additional 333,947 shares in the last quarter. Finally, Cliftonlarsonallen Wealth Advisors LLC purchased a new stake in EOG Resources during the second quarter worth $36,010,000. 89.91% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at EOG Resources

In related news, Director Janet F. Clark sold 568 shares of EOG Resources stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $135.33, for a total transaction of $76,867.44. Following the transaction, the director now owns 43,532 shares in the company, valued at approximately $5,891,185.56. The trade was a 1.29 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.20% of the stock is currently owned by corporate insiders.

EOG Resources Price Performance

Shares of EOG Resources stock opened at $131.98 on Tuesday. The business’s fifty day moving average price is $128.16 and its 200 day moving average price is $126.16. The stock has a market capitalization of $74.23 billion, a P/E ratio of 10.63, a PEG ratio of 3.62 and a beta of 1.28. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. EOG Resources, Inc. has a twelve month low of $108.94 and a twelve month high of $139.67.

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

EOG Resources Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be issued 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 yield of 2.95%. EOG Resources’s dividend payout ratio (DPR) is presently 29.31%.

Analyst Ratings Changes

Several research firms have weighed in on EOG. Benchmark reissued a “hold” rating on shares of EOG Resources in a report on Tuesday, November 12th. Susquehanna cut their target price on shares of EOG Resources from $159.00 to $158.00 and set a “positive” rating for the company in a research report on Wednesday, September 4th. Morgan Stanley lowered their price target on shares of EOG Resources from $134.00 to $132.00 and set an “equal weight” rating on the stock in a research report on Monday, September 16th. StockNews.com downgraded EOG Resources from a “buy” rating to a “hold” rating in a research report on Saturday, November 16th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $145.00 target price on shares of EOG Resources in a report on Monday, October 14th. Fifteen equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price 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.