Thrivent Financial for Lutherans Boosts Stock Holdings in EOG Resources, Inc. (NYSE:EOG)

Thrivent Financial for Lutherans boosted its position in EOG Resources, Inc. (NYSE:EOG) by 3.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 250,850 shares of the energy exploration company’s stock after purchasing an additional 7,902 shares during the period. Thrivent Financial for Lutherans’ holdings in EOG Resources were worth $30,837,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Lake Street Advisors Group LLC lifted its position in shares of EOG Resources by 66.9% during the first quarter. Lake Street Advisors Group LLC now owns 2,896 shares of the energy exploration company’s stock worth $370,000 after acquiring an additional 1,161 shares in the last quarter. Pitcairn Co. lifted its position in shares of EOG Resources by 12.0% during the first quarter. Pitcairn Co. now owns 4,903 shares of the energy exploration company’s stock worth $627,000 after acquiring an additional 526 shares in the last quarter. InterOcean Capital Group LLC lifted its position in shares of EOG Resources by 10.0% during the first quarter. InterOcean Capital Group LLC now owns 5,006 shares of the energy exploration company’s stock worth $640,000 after acquiring an additional 454 shares in the last quarter. Crewe Advisors LLC purchased a new stake in shares of EOG Resources during the first quarter worth $40,000. Finally, Vident Advisory LLC lifted its position in shares of EOG Resources by 2.3% during the first quarter. Vident Advisory LLC now owns 52,984 shares of the energy exploration company’s stock worth $6,774,000 after acquiring an additional 1,214 shares in the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Down 1.0 %

Shares of NYSE:EOG opened at $135.19 on Wednesday. The stock’s 50-day moving average price is $126.90 and its 200-day moving average price is $126.03. EOG Resources, Inc. has a 12-month low of $108.94 and a 12-month high of $139.67. The stock has a market capitalization of $76.04 billion, a P/E ratio of 10.88, a price-to-earnings-growth ratio of 3.57 and a beta of 1.28. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13.

EOG Resources announced that its Board of Directors has approved a stock 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 stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

EOG Resources Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be issued a dividend of $0.975 per share. This is a positive change from EOG Resources’s previous quarterly dividend of $0.91. This represents a $3.90 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date of this dividend is Friday, January 17th. EOG Resources’s dividend payout ratio is currently 29.31%.

Insider Transactions at EOG Resources

In other news, EVP Michael P. Donaldson sold 11,037 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $129.50, for a total transaction of $1,429,291.50. Following the completion of the sale, the executive vice president now directly owns 74,250 shares in the company, valued at approximately $9,615,375. This represents a 12.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.20% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

EOG has been the topic of several recent research reports. 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. Benchmark reiterated a “hold” rating on shares of EOG Resources in a research report on Tuesday, November 12th. Wells Fargo & Company lowered their price objective on EOG Resources from $140.00 to $135.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 1st. Morgan Stanley lowered their price objective on EOG Resources from $134.00 to $132.00 and set an “equal weight” rating on the stock in a research report on Monday, September 16th. Finally, Susquehanna lowered their price objective on EOG Resources from $159.00 to $158.00 and set a “positive” rating on the stock in a research report on Wednesday, September 4th. 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $142.30.

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.