EOG Resources, Inc. (NYSE:EOG) Shares Sold by First National Bank of Omaha

First National Bank of Omaha cut its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 3.3% during the third quarter, Holdings Channel.com reports. The institutional investor owned 101,553 shares of the energy exploration company’s stock after selling 3,431 shares during the quarter. EOG Resources accounts for about 0.8% of First National Bank of Omaha’s investment portfolio, making the stock its 27th biggest holding. First National Bank of Omaha’s holdings in EOG Resources were worth $12,484,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Diversify Advisory Services LLC purchased a new position in EOG Resources during the 2nd quarter worth approximately $638,000. MJP Associates Inc. ADV increased its stake in shares of EOG Resources by 5.9% in the second quarter. MJP Associates Inc. ADV now owns 2,661 shares of the energy exploration company’s stock worth $335,000 after acquiring an additional 149 shares during the period. Czech National Bank raised its holdings in shares of EOG Resources by 6.7% during the second quarter. Czech National Bank now owns 109,517 shares of the energy exploration company’s stock worth $13,785,000 after purchasing an additional 6,912 shares during the last quarter. Chatham Capital Group Inc. lifted its position in EOG Resources by 37.5% during the second quarter. Chatham Capital Group Inc. now owns 9,282 shares of the energy exploration company’s stock valued at $1,168,000 after purchasing an additional 2,533 shares during the period. Finally, Sequoia Financial Advisors LLC boosted its holdings in EOG Resources by 10.0% in the second quarter. Sequoia Financial Advisors LLC now owns 7,352 shares of the energy exploration company’s stock valued at $925,000 after purchasing an additional 670 shares during 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 stock has a market capitalization of $71.89 billion, a P/E ratio of 10.29, a PEG ratio of 3.44 and a beta of 1.29. The business has a 50 day simple moving average of $129.37 and a two-hundred day simple moving average of $126.31. EOG Resources, Inc. has a 12 month low of $108.94 and a 12 month 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.

EOG Resources Increases Dividend

The company 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 $0.975 dividend. This is an increase from EOG Resources’s previous quarterly dividend of $0.91. This represents a $3.90 annualized dividend and a yield of 3.05%. The ex-dividend date of this dividend is Friday, January 17th. EOG Resources’s dividend payout ratio is currently 29.31%.

EOG Resources declared that its Board of Directors has authorized a stock 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 purchase up to 7% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on EOG. 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 reissued a “sector perform” rating and issued a $145.00 price target on shares of EOG Resources in a report on Monday, October 14th. KeyCorp dropped their price objective on shares of EOG Resources from $157.00 to $150.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. Evercore ISI cut their target price on shares of EOG Resources from $150.00 to $145.00 and set an “outperform” rating for the company in a report on Monday, September 30th. Finally, Susquehanna lowered their price target on shares of EOG Resources from $159.00 to $158.00 and set a “positive” rating on the stock in a report on Wednesday, September 4th. Fifteen analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $144.20.

Insider Buying and Selling at EOG Resources

In related news, Director Janet F. Clark sold 568 shares of the company’s stock in a transaction dated Tuesday, November 19th. The shares were 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 owns 43,532 shares of the company’s stock, valued at approximately $5,891,185.56. This represents a 1.29 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.30% of the stock is currently owned by insiders.

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.