EOG Resources, Inc. (NYSE:EOG) Shares Sold by Astoria Portfolio Advisors LLC.

Astoria Portfolio Advisors LLC. cut its position in shares of EOG Resources, Inc. (NYSE:EOG) by 7.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,112 shares of the energy exploration company’s stock after selling 170 shares during the period. Astoria Portfolio Advisors LLC.’s holdings in EOG Resources were worth $287,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EOG. Seven Eight Capital LP raised its position in EOG Resources by 87.7% during the second quarter. Seven Eight Capital LP now owns 4,949 shares of the energy exploration company’s stock valued at $623,000 after buying an additional 2,313 shares during the period. Intech Investment Management LLC increased its holdings in shares of EOG Resources by 23.7% in the 2nd quarter. Intech Investment Management LLC now owns 61,304 shares of the energy exploration company’s stock valued at $7,716,000 after purchasing an additional 11,752 shares during the period. Brighton Jones LLC lifted its position in shares of EOG Resources by 3.1% in the second quarter. Brighton Jones LLC now owns 7,044 shares of the energy exploration company’s stock worth $887,000 after purchasing an additional 215 shares in the last quarter. Ieq Capital LLC boosted its holdings in shares of EOG Resources by 9.6% during the second quarter. Ieq Capital LLC now owns 21,844 shares of the energy exploration company’s stock worth $2,750,000 after purchasing an additional 1,915 shares during the period. Finally, Pacer Advisors Inc. grew its position in EOG Resources by 6.6% during the second quarter. Pacer Advisors Inc. now owns 4,123,823 shares of the energy exploration company’s stock valued at $519,066,000 after purchasing an additional 255,721 shares in the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

Insider Buying and Selling at EOG Resources

In other EOG Resources news, Director Janet F. Clark sold 568 shares of the business’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 sale, the director now owns 43,532 shares of the company’s stock, valued at $5,891,185.56. The trade was a 1.29 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $120.89, for a total transaction of $483,560.00. Following the transaction, the chief operating officer now owns 42,703 shares of the company’s stock, valued at approximately $5,162,365.67. This represents a 8.56 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on EOG. Citigroup lifted their target price on shares of EOG Resources from $127.00 to $134.00 and gave the company a “neutral” rating in a research note on Tuesday, November 26th. StockNews.com upgraded EOG Resources from a “hold” rating to a “buy” rating in a research note on Saturday, January 11th. Wells Fargo & Company raised EOG Resources from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $147.00 to $150.00 in a research note on Tuesday, December 17th. Bank of America reissued a “neutral” rating and issued a $144.00 price target (down previously from $151.00) on shares of EOG Resources in a research note on Monday, January 13th. Finally, Truist Financial raised their price objective on shares of EOG Resources from $135.00 to $137.00 and gave the company a “hold” rating in a research report on Monday, January 13th. Thirteen investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, EOG Resources currently has a consensus rating of “Hold” and a consensus target price of $143.48.

EOG Resources Stock Performance

EOG opened at $136.70 on Friday. EOG Resources, Inc. has a 12-month low of $108.94 and a 12-month high of $139.67. The firm has a market capitalization of $76.89 billion, a P/E ratio of 11.01, a price-to-earnings-growth ratio of 3.63 and a beta of 1.29. The stock’s 50 day moving average price is $128.96 and its two-hundred day moving average price is $127.06. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13.

EOG Resources declared that its Board of Directors has authorized a share buyback program on Thursday, November 7th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the energy exploration company to repurchase up to 7% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is 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 paid a dividend of $0.975 per share. This is a boost from EOG Resources’s previous quarterly dividend of $0.91. This represents a $3.90 annualized dividend and a yield of 2.85%. The ex-dividend date of this dividend is Friday, January 17th. EOG Resources’s dividend payout ratio is presently 29.31%.

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.