Avior Wealth Management LLC Has $1.52 Million Stock Holdings in EOG Resources, Inc. (NYSE:EOG)

Avior Wealth Management LLC boosted its position in shares of EOG Resources, Inc. (NYSE:EOG) by 2.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,359 shares of the energy exploration company’s stock after purchasing an additional 348 shares during the period. Avior Wealth Management LLC’s holdings in EOG Resources were worth $1,519,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of EOG. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of EOG Resources during the 2nd quarter valued at $106,990,000. Legal & General Group Plc increased its position in EOG Resources by 9.1% during the second quarter. Legal & General Group Plc now owns 4,840,705 shares of the energy exploration company’s stock worth $609,300,000 after buying an additional 403,676 shares during the last quarter. National Bank of Canada FI raised its holdings in EOG Resources by 237.9% during the second quarter. National Bank of Canada FI now owns 487,920 shares of the energy exploration company’s stock valued at $61,741,000 after buying an additional 343,527 shares in the last quarter. Canada Pension Plan Investment Board lifted its position in shares of EOG Resources by 67.3% in the first quarter. Canada Pension Plan Investment Board now owns 843,682 shares of the energy exploration company’s stock worth $107,856,000 after buying an additional 339,480 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of EOG Resources by 42.8% during the 3rd quarter. Victory Capital Management Inc. now owns 1,113,429 shares of the energy exploration company’s stock worth $136,874,000 after acquiring an additional 333,947 shares in the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Insider Activity at EOG Resources

In related news, EVP Michael P. Donaldson sold 11,037 shares of the business’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 sale, the executive vice president now owns 74,250 shares of the company’s stock, valued at $9,615,375. The trade was a 12.94 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Janet F. Clark sold 568 shares of the 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 transaction, the director now owns 43,532 shares of the company’s stock, valued at $5,891,185.56. This represents a 1.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Benchmark restated a “hold” rating on shares of EOG Resources in a report on Tuesday, November 12th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $145.00 price objective on shares of EOG Resources in a report on Monday, October 14th. Piper Sandler lowered shares of EOG Resources from an “overweight” rating to a “neutral” rating and raised their target price for the company from $147.00 to $149.00 in a research note on Monday. Barclays cut their target price on shares of EOG Resources from $144.00 to $137.00 and set an “equal weight” rating for the company in a research report on Thursday, October 3rd. Finally, StockNews.com downgraded EOG Resources from a “buy” rating to a “hold” rating in a research report on Saturday, November 16th. Fifteen analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $142.30.

EOG Resources Stock Up 0.8 %

Shares of EOG stock opened at $136.23 on Thursday. The stock has a market cap of $76.62 billion, a P/E ratio of 10.97, a price-to-earnings-growth ratio of 3.57 and a beta of 1.28. 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 stock has a fifty day moving average price of $127.27 and a 200 day moving average price of $126.10. EOG Resources, Inc. has a one year low of $108.94 and a one year high of $139.67.

EOG Resources announced that its Board of Directors has initiated a share repurchase program on Thursday, November 7th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the energy exploration company to buy up to 7% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership believes its stock is undervalued.

EOG Resources Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be given 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 annualized dividend and a dividend yield of 2.86%. The ex-dividend date of this dividend is Friday, January 17th. EOG Resources’s payout ratio is 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.