Stifel Financial Corp Lowers Holdings in EOG Resources, Inc. (NYSE:EOG)

Stifel Financial Corp reduced its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 2.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 451,084 shares of the energy exploration company’s stock after selling 9,860 shares during the quarter. Stifel Financial Corp owned 0.08% of EOG Resources worth $55,456,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Quantinno Capital Management LP boosted its stake in shares of EOG Resources by 26.3% during the 3rd quarter. Quantinno Capital Management LP now owns 53,897 shares of the energy exploration company’s stock worth $6,626,000 after acquiring an additional 11,219 shares in the last quarter. Quarry LP raised its position in shares of EOG Resources by 1,004.5% during the 3rd quarter. Quarry LP now owns 729 shares of the energy exploration company’s stock valued at $90,000 after buying an additional 663 shares during the period. Royal London Asset Management Ltd. increased its position in shares of EOG Resources by 2.6% during the 3rd quarter. Royal London Asset Management Ltd. now owns 271,452 shares of the energy exploration company’s stock worth $33,370,000 after purchasing an additional 6,940 shares during the last quarter. NFJ Investment Group LLC lifted its holdings in shares of EOG Resources by 11.7% in the 3rd quarter. NFJ Investment Group LLC now owns 197,526 shares of the energy exploration company’s stock worth $24,282,000 after acquiring an additional 20,742 shares during the last quarter. Finally, IHT Wealth Management LLC lifted its stake in EOG Resources by 28.7% during the 3rd quarter. IHT Wealth Management LLC now owns 4,940 shares of the energy exploration company’s stock worth $610,000 after acquiring an additional 1,101 shares in the last quarter. 89.91% of the stock is owned by institutional investors and hedge funds.

EOG Resources Price Performance

Shares of EOG Resources stock opened at $127.81 on Friday. 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 company has a market cap of $71.89 billion, a PE ratio of 10.29, a price-to-earnings-growth ratio of 3.50 and a beta of 1.29. The firm has a fifty day moving average price of $129.26 and a two-hundred day moving average price of $126.34. EOG Resources, Inc. has a fifty-two week low of $108.94 and a fifty-two week high of $139.67.

EOG Resources declared that its Board of Directors has initiated a stock repurchase plan on Thursday, November 7th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the energy exploration company to buy up to 7% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its shares are undervalued.

EOG Resources Increases Dividend

The business 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. This represents a $3.90 annualized dividend and a dividend yield of 3.05%. The ex-dividend date is Friday, January 17th. This is an increase from EOG Resources’s previous quarterly dividend of $0.91. EOG Resources’s dividend payout ratio (DPR) is 29.31%.

Insider Activity at EOG Resources

In related news, Director Janet F. Clark sold 568 shares of EOG Resources stock in a transaction dated Tuesday, November 19th. The stock was 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 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.30% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on EOG shares. Benchmark reaffirmed a “hold” rating on shares of EOG Resources in a research report on Tuesday, November 12th. Piper Sandler lowered EOG Resources from an “overweight” rating to a “neutral” rating and raised their price target for the stock from $147.00 to $149.00 in a report on Monday, November 18th. Raymond James lifted their target price 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. JPMorgan Chase & Co. dropped their target price on EOG Resources from $143.00 to $135.00 and set a “neutral” rating on the stock in a research report on Thursday, September 12th. Finally, UBS Group dropped their price objective on EOG Resources from $167.00 to $154.00 and set a “buy” rating on the stock in a report on Wednesday, September 18th. Fifteen research 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 has an average rating of “Hold” and an average price target of $144.20.

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.