Nicolet Advisory Services LLC Purchases 622 Shares of EOG Resources, Inc. (NYSE:EOG)

Nicolet Advisory Services LLC lifted its position in EOG Resources, Inc. (NYSE:EOG) by 12.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,796 shares of the energy exploration company’s stock after buying an additional 622 shares during the period. Nicolet Advisory Services LLC’s holdings in EOG Resources were worth $758,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in EOG. Gamco Investors INC. ET AL increased its holdings in shares of EOG Resources by 23.5% in the 1st quarter. Gamco Investors INC. ET AL now owns 2,100 shares of the energy exploration company’s stock worth $268,000 after purchasing an additional 400 shares in the last quarter. LRI Investments LLC bought a new stake in EOG Resources in the 1st quarter worth about $124,000. Epoch Investment Partners Inc. raised its position in EOG Resources by 10.1% in the 1st quarter. Epoch Investment Partners Inc. now owns 14,132 shares of the energy exploration company’s stock worth $1,807,000 after buying an additional 1,295 shares during the last quarter. Ascent Group LLC lifted its stake in EOG Resources by 1.8% during the 1st quarter. Ascent Group LLC now owns 15,412 shares of the energy exploration company’s stock valued at $1,970,000 after acquiring an additional 267 shares during the period. Finally, Captrust Financial Advisors boosted its holdings in shares of EOG Resources by 1.9% during the 1st quarter. Captrust Financial Advisors now owns 545,013 shares of the energy exploration company’s stock valued at $69,674,000 after acquiring an additional 10,360 shares during the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Performance

EOG opened at $136.35 on Friday. The stock has a market capitalization of $76.69 billion, a price-to-earnings ratio of 10.98, a PEG ratio of 3.59 and a beta of 1.28. EOG Resources, Inc. has a fifty-two week low of $108.94 and a fifty-two week high of $139.67. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. The company has a fifty day moving average of $127.95 and a 200 day moving average of $126.18.

EOG Resources Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be issued a $0.975 dividend. This represents a $3.90 annualized dividend and a dividend yield of 2.86%. This is a boost from EOG Resources’s previous quarterly dividend of $0.91. The ex-dividend date is Friday, January 17th. EOG Resources’s payout ratio is 29.31%.

EOG Resources announced that its Board of Directors has initiated a stock repurchase plan on Thursday, November 7th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the energy exploration company to repurchase up to 7% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on EOG shares. Susquehanna lowered their price target on EOG Resources from $159.00 to $158.00 and set a “positive” rating on the stock in a report on Wednesday, September 4th. Evercore ISI dropped their target price on EOG Resources from $150.00 to $145.00 and set an “outperform” rating on the stock in a research report on Monday, September 30th. Scotiabank reduced their price target on shares of EOG Resources from $150.00 to $140.00 and set a “sector perform” rating for the company in a research report on Thursday, October 10th. Piper Sandler downgraded shares of EOG Resources from an “overweight” rating to a “neutral” rating and raised their price objective for the stock from $147.00 to $149.00 in a report on Monday, November 18th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $145.00 target price on shares of EOG Resources in a report on Monday, October 14th. Fifteen investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, EOG Resources has an average rating of “Hold” and an average target price of $144.00.

Insider Buying and Selling

In other EOG Resources news, Director Janet F. Clark sold 568 shares of EOG Resources stock in a transaction that occurred 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 of the company’s stock, valued at $5,891,185.56. The trade was a 1.29 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Michael P. Donaldson sold 11,037 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $129.50, for a total value of $1,429,291.50. Following the transaction, the executive vice president now owns 74,250 shares of the company’s stock, valued at $9,615,375. This represents a 12.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.30% of the stock is owned by company insiders.

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.