Citizens Financial Group Inc. RI Purchases 144 Shares of EOG Resources, Inc. (NYSE:EOG)

Citizens Financial Group Inc. RI increased its holdings in EOG Resources, Inc. (NYSE:EOG) by 4.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,348 shares of the energy exploration company’s stock after acquiring an additional 144 shares during the period. Citizens Financial Group Inc. RI’s holdings in EOG Resources were worth $412,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Ameriprise Financial Inc. boosted its stake in EOG Resources by 2.2% in the second quarter. Ameriprise Financial Inc. now owns 12,311,541 shares of the energy exploration company’s stock valued at $1,549,098,000 after acquiring an additional 260,727 shares during the last quarter. Legal & General Group Plc raised its stake in shares of EOG Resources by 9.1% in the second quarter. Legal & General Group Plc now owns 4,840,705 shares of the energy exploration company’s stock valued at $609,300,000 after buying an additional 403,676 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of EOG Resources by 6.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,473,897 shares of the energy exploration company’s stock valued at $563,070,000 after buying an additional 258,732 shares during the last quarter. Pacer Advisors Inc. increased its holdings in EOG Resources by 6.6% in the 2nd quarter. Pacer Advisors Inc. now owns 4,123,823 shares of the energy exploration company’s stock worth $519,066,000 after acquiring an additional 255,721 shares during the last quarter. Finally, American Century Companies Inc. raised its stake in EOG Resources by 3.8% in the 2nd quarter. American Century Companies Inc. now owns 2,881,587 shares of the energy exploration company’s stock valued at $362,705,000 after acquiring an additional 104,766 shares during the period. 89.91% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at EOG Resources

In other EOG Resources news, Director Janet F. Clark sold 568 shares of the company’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $135.33, for a total value 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Michael P. Donaldson sold 11,037 shares of EOG Resources stock in a transaction dated 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 directly owns 74,250 shares in the company, valued at $9,615,375. The trade was a 12.94 % decrease in their position. The disclosure for this sale can be found here. 0.30% of the stock is owned by company insiders.

EOG Resources Trading Up 0.6 %

NYSE:EOG opened at $136.35 on Friday. The firm has a market capitalization of $76.69 billion, a P/E ratio of 10.98, a P/E/G ratio of 3.59 and a beta of 1.28. 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 company has a fifty day moving average of $127.95 and a 200 day moving average of $126.18. EOG Resources, Inc. has a 52 week low of $108.94 and a 52 week high of $139.67.

EOG Resources announced that its board has authorized a stock buyback plan on Thursday, November 7th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the energy exploration company to repurchase up to 7% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its stock is undervalued.

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 paid a $0.975 dividend. The ex-dividend date of this dividend is Friday, January 17th. This is a boost from EOG Resources’s previous quarterly dividend of $0.91. This represents a $3.90 annualized dividend and a dividend yield of 2.86%. EOG Resources’s dividend payout ratio (DPR) is presently 29.31%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. KeyCorp reduced their price target on EOG Resources from $157.00 to $150.00 and set an “overweight” rating for the company in a research report on Wednesday, October 16th. Morgan Stanley reduced their target price on EOG Resources from $134.00 to $132.00 and set an “equal weight” rating for the company in a research report on Monday, September 16th. StockNews.com lowered EOG Resources from a “buy” rating to a “hold” rating in a research note on Saturday, November 16th. Royal Bank of Canada reiterated a “sector perform” rating and set a $145.00 price target on shares of EOG Resources in a research report on Monday, October 14th. Finally, UBS Group decreased their price objective on shares of EOG Resources from $167.00 to $154.00 and set a “buy” rating on the stock in a research report on Wednesday, September 18th. Fifteen 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. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $144.00.

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.