EOG Resources, Inc. (NYSE:EOG) Shares Sold by ORG Partners LLC

ORG Partners LLC trimmed its position in EOG Resources, Inc. (NYSE:EOG) by 5.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 9,346 shares of the energy exploration company’s stock after selling 530 shares during the period. ORG Partners LLC’s holdings in EOG Resources were worth $1,149,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the company. Watts Gwilliam & Co. LLC lifted its position in EOG Resources by 227.5% in the fourth quarter. Watts Gwilliam & Co. LLC now owns 5,689 shares of the energy exploration company’s stock valued at $726,000 after purchasing an additional 3,952 shares during the period. Douglas Lane & Associates LLC lifted its holdings in shares of EOG Resources by 2.1% in the 4th quarter. Douglas Lane & Associates LLC now owns 511,493 shares of the energy exploration company’s stock valued at $62,699,000 after buying an additional 10,404 shares during the period. Fulton Bank N.A. boosted its stake in shares of EOG Resources by 25.6% in the fourth quarter. Fulton Bank N.A. now owns 5,266 shares of the energy exploration company’s stock valued at $646,000 after buying an additional 1,073 shares in the last quarter. Norway Savings Bank grew its holdings in EOG Resources by 5.1% during the fourth quarter. Norway Savings Bank now owns 8,373 shares of the energy exploration company’s stock worth $1,026,000 after acquiring an additional 410 shares during the period. Finally, Fortem Financial Group LLC raised its position in EOG Resources by 1.8% in the fourth quarter. Fortem Financial Group LLC now owns 9,234 shares of the energy exploration company’s stock worth $1,132,000 after acquiring an additional 164 shares in the last quarter. 89.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

EOG has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lowered their price target on shares of EOG Resources from $143.00 to $135.00 and set a “neutral” rating on the stock in a research note on Thursday, September 12th. Wolfe Research raised shares of EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 target price for the company in a report on Friday, January 3rd. StockNews.com lowered EOG Resources from a “buy” rating to a “hold” rating in a research note on Friday, January 3rd. Piper Sandler reduced their price objective on EOG Resources from $149.00 to $140.00 and set a “neutral” rating for the company in a report on Tuesday, December 17th. Finally, Raymond James boosted their target price on EOG Resources from $156.00 to $167.00 and gave the stock a “strong-buy” rating in a research report on Thursday, November 21st. Thirteen analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $143.71.

EOG Resources Trading Up 2.4 %

Shares of NYSE:EOG traded up $3.04 during midday trading on Friday, reaching $131.50. The company’s stock had a trading volume of 1,642,580 shares, compared to its average volume of 2,647,976. The firm has a market cap of $73.96 billion, a price-to-earnings ratio of 10.59, a price-to-earnings-growth ratio of 3.37 and a beta of 1.29. The business has a 50 day moving average price of $127.76 and a 200 day moving average price of $126.64. EOG Resources, Inc. has a 1 year low of $108.94 and a 1 year 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.

EOG Resources Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be issued a $0.975 dividend. This is a boost from EOG Resources’s previous quarterly dividend of $0.91. The ex-dividend date is Friday, January 17th. This represents a $3.90 annualized dividend and a yield of 2.97%. EOG Resources’s payout ratio is 29.31%.

EOG Resources declared that its board has approved a stock buyback plan on Thursday, November 7th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the energy exploration company to buy up to 7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

Insider Activity

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the company’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 completion of the sale, the chief operating officer now directly owns 42,703 shares in the company, valued at $5,162,365.67. This represents a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Janet F. Clark sold 568 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $135.33, for a total value of $76,867.44. Following the completion of the transaction, the director now owns 43,532 shares in the company, valued at approximately $5,891,185.56. This trade represents a 1.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.30% of the company’s stock.

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.