Citizens Business Bank lessened its stake in EOG Resources, Inc. (NYSE:EOG – Free Report) by 0.5% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 28,210 shares of the energy exploration company’s stock after selling 156 shares during the period. Citizens Business Bank’s holdings in EOG Resources were worth $3,468,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Unigestion Holding SA lifted its stake in shares of EOG Resources by 27.9% in the 3rd quarter. Unigestion Holding SA now owns 203,862 shares of the energy exploration company’s stock worth $25,059,000 after acquiring an additional 44,441 shares during the period. Soltis Investment Advisors LLC raised its holdings in EOG Resources by 88.4% during the third quarter. Soltis Investment Advisors LLC now owns 3,051 shares of the energy exploration company’s stock worth $375,000 after purchasing an additional 1,432 shares in the last quarter. TD Private Client Wealth LLC lifted its position in EOG Resources by 3.2% in the third quarter. TD Private Client Wealth LLC now owns 5,705 shares of the energy exploration company’s stock valued at $701,000 after purchasing an additional 178 shares during the period. Sunbelt Securities Inc. boosted its holdings in EOG Resources by 35.6% in the 3rd quarter. Sunbelt Securities Inc. now owns 2,463 shares of the energy exploration company’s stock valued at $303,000 after purchasing an additional 647 shares in the last quarter. Finally, Empire Financial Management Company LLC increased its position in EOG Resources by 3.7% during the 3rd quarter. Empire Financial Management Company LLC now owns 9,384 shares of the energy exploration company’s stock worth $1,154,000 after purchasing an additional 333 shares during the period. 89.91% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
EOG has been the subject of several recent analyst reports. Benchmark reissued a “hold” rating on shares of EOG Resources in a report on Tuesday, November 12th. Susquehanna cut their price target on shares of EOG Resources from $159.00 to $158.00 and set a “positive” rating for the company in a report on Wednesday, September 4th. Barclays decreased their price objective on shares of EOG Resources from $144.00 to $137.00 and set an “equal weight” rating on the stock in a report on Thursday, October 3rd. UBS Group dropped their target price on shares of EOG Resources from $167.00 to $154.00 and set a “buy” rating for the company in a report on Wednesday, September 18th. Finally, StockNews.com lowered EOG Resources from a “buy” rating to a “hold” rating in a research note on Saturday, November 16th. Fifteen 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. Based on data from MarketBeat, EOG Resources currently has a consensus rating of “Hold” and an average target price of $144.20.
Insider Activity at EOG Resources
In related news, Director Janet F. Clark sold 568 shares of the firm’s stock in a transaction that occurred 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 sale, the director now directly 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.20% of the company’s stock.
EOG Resources Stock Down 1.0 %
Shares of NYSE EOG opened at $126.62 on Wednesday. The firm’s 50 day moving average price is $129.46 and its 200 day moving average price is $126.34. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. The firm has a market cap of $71.21 billion, a P/E ratio of 10.19, a price-to-earnings-growth ratio of 3.40 and a beta of 1.29. EOG Resources, Inc. has a 1 year low of $108.94 and a 1 year high of $139.67.
EOG Resources Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be given a $0.975 dividend. The ex-dividend date of this dividend is Friday, January 17th. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.08%. This is an increase from EOG Resources’s previous quarterly dividend of $0.91. EOG Resources’s payout ratio is currently 29.31%.
EOG Resources declared that its board has authorized 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 shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.
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.
Read More
- Five stocks we like better than EOG Resources
- What is a Secondary Public Offering? What Investors Need to Know
- C3.ai Stock Surges on Strong Sales Despite Profit Concerns
- Dividend King Proctor & Gamble Is A Buy On Post-Earnings Weakness
- Why Betting on Oil Over Gold Could Pay Off Big in 2025
- Most active stocks: Dollar volume vs share volume
- Why MongoDB’s Drop Could Be Your Best Buy Opportunity for 2025
Want to see what other hedge funds are holding EOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for EOG Resources, Inc. (NYSE:EOG – Free Report).
Receive News & Ratings for EOG Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EOG Resources and related companies with MarketBeat.com's FREE daily email newsletter.