Lake Street Private Wealth LLC Has $1.94 Million Stock Holdings in EOG Resources, Inc. (NYSE:EOG)

Lake Street Private Wealth LLC lowered its position in EOG Resources, Inc. (NYSE:EOG) by 18.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,836 shares of the energy exploration company’s stock after selling 3,691 shares during the quarter. Lake Street Private Wealth LLC’s holdings in EOG Resources were worth $1,941,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. B & T Capital Management DBA Alpha Capital Management increased its holdings in EOG Resources by 0.7% in the fourth quarter. B & T Capital Management DBA Alpha Capital Management now owns 20,755 shares of the energy exploration company’s stock valued at $2,544,000 after purchasing an additional 149 shares during the period. Brooklyn Investment Group grew its position in shares of EOG Resources by 17.5% in the 4th quarter. Brooklyn Investment Group now owns 3,858 shares of the energy exploration company’s stock valued at $473,000 after buying an additional 575 shares during the last quarter. Sax Wealth Advisors LLC acquired a new stake in shares of EOG Resources in the fourth quarter valued at about $286,000. Merit Financial Group LLC raised its position in shares of EOG Resources by 32.3% during the fourth quarter. Merit Financial Group LLC now owns 5,710 shares of the energy exploration company’s stock worth $700,000 after acquiring an additional 1,395 shares during the last quarter. Finally, Butensky & Cohen Financial Security Inc. lifted its stake in shares of EOG Resources by 10.1% in the fourth quarter. Butensky & Cohen Financial Security Inc. now owns 37,920 shares of the energy exploration company’s stock worth $4,648,000 after acquiring an additional 3,465 shares during the period. Institutional investors own 89.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on EOG shares. Citigroup increased their target price on shares of EOG Resources from $127.00 to $134.00 and gave the company a “neutral” rating in a research report on Tuesday, November 26th. StockNews.com raised shares of EOG Resources from a “hold” rating to a “buy” rating in a research note on Saturday, January 11th. Truist Financial boosted their target price on shares of EOG Resources from $135.00 to $137.00 and gave the company a “hold” rating in a report on Monday, January 13th. Evercore ISI decreased their price target on EOG Resources from $150.00 to $145.00 and set an “outperform” rating for the company in a report on Monday, September 30th. Finally, Benchmark reissued a “hold” rating on shares of EOG Resources in a research note on Monday, January 13th. Thirteen investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $143.48.

Insider Activity

In other news, Director Janet F. Clark sold 568 shares of the stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $135.33, for a total value of $76,867.44. Following the completion of the sale, the director now owns 43,532 shares in the company, valued at $5,891,185.56. This represents a 1.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $120.89, for a total transaction of $483,560.00. Following the transaction, the chief operating officer now directly owns 42,703 shares in the company, valued at $5,162,365.67. The trade was a 8.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.20% of the company’s stock.

EOG Resources Trading Down 1.0 %

NYSE:EOG opened at $136.70 on Friday. EOG Resources, Inc. has a one year low of $108.94 and a one year high of $139.67. The company has a market cap of $76.89 billion, a PE ratio of 11.01, a PEG ratio of 3.63 and a beta of 1.29. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. The firm has a 50-day moving average of $128.91 and a 200-day moving average of $126.99.

EOG Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders 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 an increase from EOG Resources’s previous quarterly dividend of $0.91. This represents a $3.90 annualized dividend and a dividend yield of 2.85%. EOG Resources’s dividend payout ratio is 29.31%.

EOG Resources announced that its Board of Directors has approved a share buyback plan 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 shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.

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.