EOG Resources, Inc. (NYSE:EOG) Shares Bought by Dai ichi Life Insurance Company Ltd

Dai ichi Life Insurance Company Ltd lifted its position in shares of EOG Resources, Inc. (NYSE:EOG) by 0.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,725 shares of the energy exploration company’s stock after purchasing an additional 279 shares during the quarter. Dai ichi Life Insurance Company Ltd’s holdings in EOG Resources were worth $5,621,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in EOG. The Manufacturers Life Insurance Company boosted its holdings in EOG Resources by 61.4% during the third quarter. The Manufacturers Life Insurance Company now owns 812,432 shares of the energy exploration company’s stock worth $99,872,000 after buying an additional 309,096 shares in the last quarter. Private Trust Co. NA raised its position in shares of EOG Resources by 9.4% in the third quarter. Private Trust Co. NA now owns 1,683 shares of the energy exploration company’s stock worth $207,000 after acquiring an additional 144 shares during the period. Horizon Kinetics Asset Management LLC boosted its stake in shares of EOG Resources by 74.5% during the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 10,068 shares of the energy exploration company’s stock worth $1,238,000 after acquiring an additional 4,300 shares in the last quarter. DRW Securities LLC grew its position in shares of EOG Resources by 98.6% during the 3rd quarter. DRW Securities LLC now owns 26,838 shares of the energy exploration company’s stock valued at $3,299,000 after acquiring an additional 13,324 shares during the period. Finally, Independent Advisor Alliance raised its holdings in EOG Resources by 3.4% in the 3rd quarter. Independent Advisor Alliance now owns 27,958 shares of the energy exploration company’s stock worth $3,437,000 after purchasing an additional 909 shares during the period. 89.91% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at EOG Resources

In other EOG Resources news, Director Janet F. Clark sold 568 shares of EOG Resources stock in a transaction on Tuesday, November 19th. The stock was 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 in the company, valued at $5,891,185.56. The trade was a 1.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.20% of the stock is currently owned by company insiders.

EOG Resources Stock Up 0.4 %

Shares of EOG opened at $132.54 on Wednesday. The stock has a fifty day simple moving average of $128.34 and a two-hundred day simple moving average of $126.18. 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 market capitalization of $74.55 billion, a PE ratio of 10.67, a price-to-earnings-growth ratio of 3.51 and a beta of 1.28. EOG Resources, Inc. has a 52-week low of $108.94 and a 52-week high of $139.67.

EOG Resources announced that its Board of Directors has initiated a stock repurchase plan on Thursday, November 7th that authorizes the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization authorizes the energy exploration company to purchase up to 7% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management 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 dividend of $0.975 per share. The ex-dividend date of this dividend is Friday, January 17th. This is an increase from EOG Resources’s previous quarterly dividend of $0.91. This represents a $3.90 dividend on an annualized basis and a yield of 2.94%. EOG Resources’s payout ratio is 29.31%.

Analyst Upgrades and Downgrades

Several analysts have commented on EOG shares. Evercore ISI dropped their price objective on EOG Resources from $150.00 to $145.00 and set an “outperform” rating on the stock in a report on Monday, September 30th. Morgan Stanley dropped their price target on shares of EOG Resources from $134.00 to $132.00 and set an “equal weight” rating on the stock in a research note on Monday, September 16th. Truist Financial boosted their price target on shares of EOG Resources from $115.00 to $135.00 and gave the stock a “hold” rating in a report on Tuesday, November 12th. KeyCorp decreased their price objective on shares of EOG Resources from $157.00 to $150.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. Finally, Susquehanna cut their target price on shares of EOG Resources from $159.00 to $158.00 and set a “positive” rating for the company in a research note on Wednesday, September 4th. Fifteen equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, EOG Resources presently has an average rating of “Hold” and an average target price of $144.20.

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.