EOG Resources, Inc. (NYSE:EOG) Shares Purchased by Vinva Investment Management Ltd

Vinva Investment Management Ltd lifted its stake in EOG Resources, Inc. (NYSE:EOG) by 114.1% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 51,380 shares of the energy exploration company’s stock after purchasing an additional 27,385 shares during the quarter. Vinva Investment Management Ltd’s holdings in EOG Resources were worth $6,291,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Fisher Asset Management LLC grew its position in EOG Resources by 856.7% during the 3rd quarter. Fisher Asset Management LLC now owns 1,200,851 shares of the energy exploration company’s stock worth $147,621,000 after purchasing an additional 1,075,334 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of EOG Resources during the second quarter valued at $106,990,000. Legal & General Group Plc raised its position in EOG Resources by 9.1% during 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. National Bank of Canada FI grew its stake in EOG Resources by 237.9% during the 2nd quarter. National Bank of Canada FI now owns 487,920 shares of the energy exploration company’s stock valued at $61,741,000 after acquiring an additional 343,527 shares in the last quarter. Finally, Victory Capital Management Inc. increased its holdings in shares of 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 during the period. Institutional investors and hedge funds own 89.91% of the company’s stock.

Insider Activity at EOG Resources

In other news, 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 sale, the director now owns 43,532 shares of the company’s stock, valued at approximately $5,891,185.56. This trade 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. Corporate insiders own 0.20% of the company’s stock.

EOG Resources Stock Performance

NYSE EOG opened at $133.07 on Thursday. The company’s fifty day moving average is $128.52 and its two-hundred day moving average is $126.22. EOG Resources, Inc. has a 52-week low of $108.94 and a 52-week high of $139.67. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. The firm has a market capitalization of $74.85 billion, a price-to-earnings ratio of 10.71, a P/E/G ratio of 3.51 and a beta of 1.28.

EOG Resources declared that its Board of Directors has approved a stock repurchase program on Thursday, November 7th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the energy exploration company to purchase up to 7% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are 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 dividend of $0.975 per share. The ex-dividend date of this dividend is Friday, January 17th. This is an increase from EOG Resources’s previous quarterly dividend of $0.91. This represents a $3.90 dividend on an annualized basis and a yield of 2.93%. EOG Resources’s dividend payout ratio (DPR) is 29.31%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Piper Sandler downgraded shares of 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 report on Monday, November 18th. Benchmark restated a “hold” rating on shares of EOG Resources in a research note on Tuesday, November 12th. Raymond James raised their price target on shares of EOG Resources from $156.00 to $167.00 and gave the company a “strong-buy” rating in a report on Thursday, November 21st. Scotiabank decreased their price objective on shares of EOG Resources from $150.00 to $140.00 and set a “sector perform” rating for the company in a report on Thursday, October 10th. Finally, Susquehanna cut their target price on EOG Resources from $159.00 to $158.00 and set a “positive” rating on the stock in a report on Wednesday, September 4th. Fifteen investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, EOG Resources presently has an average rating of “Hold” and a consensus target price of $144.20.

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.