EOG Resources, Inc. (NYSE:EOG) Shares Sold by IVC Wealth Advisors LLC

IVC Wealth Advisors LLC trimmed its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 20.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,165 shares of the energy exploration company’s stock after selling 1,597 shares during the period. IVC Wealth Advisors LLC’s holdings in EOG Resources were worth $756,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of EOG. Galvin Gaustad & Stein LLC raised its position in shares of EOG Resources by 6.6% during the 4th quarter. Galvin Gaustad & Stein LLC now owns 145,262 shares of the energy exploration company’s stock worth $17,806,000 after purchasing an additional 8,945 shares during the period. Inspire Investing LLC grew its position in shares of EOG Resources by 5.5% during the fourth quarter. Inspire Investing LLC now owns 10,443 shares of the energy exploration company’s stock worth $1,280,000 after acquiring an additional 548 shares during the last quarter. Wesbanco Bank Inc. increased its holdings in shares of EOG Resources by 59.3% in the 4th quarter. Wesbanco Bank Inc. now owns 103,795 shares of the energy exploration company’s stock worth $12,723,000 after acquiring an additional 38,642 shares during the period. Phillips Wealth Planners LLC boosted its stake in EOG Resources by 12.6% during the 4th quarter. Phillips Wealth Planners LLC now owns 2,505 shares of the energy exploration company’s stock valued at $329,000 after purchasing an additional 280 shares during the period. Finally, Daymark Wealth Partners LLC grew its position in EOG Resources by 23.1% in the 4th quarter. Daymark Wealth Partners LLC now owns 13,835 shares of the energy exploration company’s stock worth $1,696,000 after purchasing an additional 2,598 shares during the last quarter. 89.91% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the stock in a transaction that occurred on 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 in the company, valued at $5,162,365.67. This trade represents a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Janet F. Clark sold 568 shares of the firm’s stock in a transaction on 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 transaction, the director now owns 43,532 shares in the company, valued at $5,891,185.56. The trade was a 1.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.30% of the company’s stock.

EOG Resources Stock Down 0.1 %

EOG Resources stock opened at $133.91 on Friday. The firm’s 50 day moving average price is $129.09 and its two-hundred day moving average price is $127.27. The firm has a market cap of $75.32 billion, a PE ratio of 10.78, a P/E/G ratio of 3.76 and a beta of 1.29. EOG Resources, Inc. has a twelve month low of $108.94 and a twelve month high of $139.67. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Thursday, November 7th. The energy exploration company reported $2.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.73 by $0.16. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. The business had revenue of $5.97 billion during the quarter, compared to analyst estimates of $6.03 billion. During the same period last year, the company earned $3.44 earnings per share. On average, research analysts predict that EOG Resources, Inc. will post 11.45 EPS for the current fiscal year.

EOG Resources declared that its Board of Directors has approved a share repurchase program on Thursday, November 7th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the energy exploration company to repurchase up to 7% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

EOG Resources Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be paid a $0.975 dividend. The ex-dividend date of this dividend is Friday, January 17th. This is a boost from EOG Resources’s previous quarterly dividend of $0.91. This represents a $3.90 dividend on an annualized basis and a yield of 2.91%. EOG Resources’s payout ratio is 31.40%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Truist Financial boosted their price target on EOG Resources from $135.00 to $137.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. Benchmark reissued a “hold” rating on shares of EOG Resources in a research note on Monday, January 13th. StockNews.com raised shares of EOG Resources from a “hold” rating to a “buy” rating in a research note on Wednesday. Mizuho lowered their price objective on shares of EOG Resources from $156.00 to $148.00 and set an “outperform” rating on the stock in a research note on Monday, December 16th. Finally, Wells Fargo & Company upgraded EOG Resources from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $147.00 to $150.00 in a research report on Tuesday, December 17th. Thirteen research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $143.86.

EOG Resources 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.