Capital Investment Counsel LLC Acquires 3,626 Shares of EOG Resources, Inc. (NYSE:EOG)

Capital Investment Counsel LLC increased its stake in EOG Resources, Inc. (NYSE:EOG) by 9.3% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,678 shares of the energy exploration company’s stock after acquiring an additional 3,626 shares during the quarter. Capital Investment Counsel LLC’s holdings in EOG Resources were worth $5,246,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of EOG. Cape ANN Savings Bank increased its stake in EOG Resources by 0.9% in the third quarter. Cape ANN Savings Bank now owns 8,679 shares of the energy exploration company’s stock valued at $1,067,000 after purchasing an additional 79 shares in the last quarter. CVA Family Office LLC raised its stake in EOG Resources by 11.0% during the 2nd quarter. CVA Family Office LLC now owns 820 shares of the energy exploration company’s stock worth $103,000 after buying an additional 81 shares during the period. Bailard Inc. boosted its holdings in EOG Resources by 0.4% in the second quarter. Bailard Inc. now owns 19,899 shares of the energy exploration company’s stock worth $2,505,000 after acquiring an additional 81 shares in the last quarter. Everpar Advisors LLC grew its stake in EOG Resources by 3.6% in the third quarter. Everpar Advisors LLC now owns 2,380 shares of the energy exploration company’s stock valued at $293,000 after acquiring an additional 83 shares during the period. Finally, Altman Advisors Inc. increased its holdings in shares of EOG Resources by 0.7% during the second quarter. Altman Advisors Inc. now owns 12,731 shares of the energy exploration company’s stock valued at $1,603,000 after acquiring an additional 85 shares in the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

Insider Activity

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 transaction 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 legal filing with the SEC, which is available through this link. Also, EVP Michael P. Donaldson sold 11,037 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $129.50, for a total value of $1,429,291.50. Following the completion of the transaction, the executive vice president now directly owns 74,250 shares of the company’s stock, valued at $9,615,375. The trade was a 12.94 % 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.

Wall Street Analysts Forecast Growth

EOG has been the topic of a number of recent research reports. Raymond James increased their target price on EOG Resources from $156.00 to $167.00 and gave the stock a “strong-buy” rating in a report on Thursday. UBS Group dropped their price objective on shares of EOG Resources from $167.00 to $154.00 and set a “buy” rating on the stock in a research note on Wednesday, September 18th. Truist Financial boosted their target price on shares of EOG Resources from $115.00 to $135.00 and gave the stock a “hold” rating in a research report on Tuesday, November 12th. Wells Fargo & Company raised their price target on shares of EOG Resources from $135.00 to $147.00 and gave the company an “equal weight” rating in a research report on Thursday. Finally, Morgan Stanley decreased their price objective on EOG Resources from $134.00 to $132.00 and set an “equal weight” rating for the company in a report on Monday, September 16th. Fifteen analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $144.00.

EOG Resources Trading Up 0.6 %

Shares of EOG stock opened at $136.35 on Friday. EOG Resources, Inc. has a 12-month low of $108.94 and a 12-month high of $139.67. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. The company has a 50 day moving average of $127.95 and a 200-day moving average of $126.18. The firm has a market cap of $76.69 billion, a P/E ratio of 10.98, a PEG ratio of 3.59 and a beta of 1.28.

EOG Resources declared that its board has authorized a share buyback plan on Thursday, November 7th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the energy exploration company to buy up to 7% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

EOG Resources Increases Dividend

The company 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 positive change from EOG Resources’s previous quarterly dividend of $0.91. This represents a $3.90 annualized dividend and a dividend yield of 2.86%. EOG Resources’s payout ratio is presently 29.31%.

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.