EOG Resources, Inc. (NYSE:EOG) Position Boosted by Horizon Kinetics Asset Management LLC

Horizon Kinetics Asset Management LLC increased its holdings in EOG Resources, Inc. (NYSE:EOG) by 74.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,068 shares of the energy exploration company’s stock after purchasing an additional 4,300 shares during the quarter. Horizon Kinetics Asset Management LLC’s holdings in EOG Resources were worth $1,238,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cape ANN Savings Bank lifted its position in shares of EOG Resources by 0.9% during the 3rd quarter. Cape ANN Savings Bank now owns 8,679 shares of the energy exploration company’s stock valued at $1,067,000 after acquiring an additional 79 shares during the last quarter. CVA Family Office LLC lifted its holdings in shares of EOG Resources by 11.0% during the second quarter. CVA Family Office LLC now owns 820 shares of the energy exploration company’s stock valued at $103,000 after purchasing an additional 81 shares during the last quarter. Bailard Inc. boosted its position in shares of EOG Resources by 0.4% in the 2nd quarter. Bailard Inc. now owns 19,899 shares of the energy exploration company’s stock valued at $2,505,000 after purchasing an additional 81 shares during the period. Everpar Advisors LLC raised its holdings in EOG Resources by 3.6% during the 3rd quarter. Everpar Advisors LLC now owns 2,380 shares of the energy exploration company’s stock worth $293,000 after buying an additional 83 shares during the period. Finally, Altman Advisors Inc. lifted its stake in EOG Resources by 0.7% during the second quarter. Altman Advisors Inc. now owns 12,731 shares of the energy exploration company’s stock valued at $1,603,000 after buying an additional 85 shares in the last quarter. 89.91% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at EOG Resources

In other EOG Resources news, Director Janet F. Clark sold 568 shares of the business’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $135.33, for a total transaction of $76,867.44. Following the completion of the transaction, 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 Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.20% of the company’s stock.

EOG Resources Trading Down 3.2 %

EOG Resources stock opened at $131.98 on Tuesday. EOG Resources, Inc. has a one year low of $108.94 and a one year high of $139.67. The company’s fifty day moving average price is $128.16 and its two-hundred day moving average price is $126.16. The company has a market capitalization of $74.23 billion, a price-to-earnings ratio of 10.63, a PEG ratio of 3.62 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.

EOG Resources declared that its board has approved a share repurchase program 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 purchase up to 7% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

EOG Resources Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be given a dividend of $0.975 per share. The ex-dividend date of this dividend is Friday, January 17th. This represents a $3.90 dividend on an annualized basis and a yield of 2.95%. This is a boost from EOG Resources’s previous quarterly dividend of $0.91. EOG Resources’s dividend payout ratio is presently 29.31%.

Analyst Ratings Changes

EOG has been the topic of several analyst reports. Benchmark reissued a “hold” rating on shares of EOG Resources in a research report on Tuesday, November 12th. Scotiabank lowered their price objective on shares of EOG Resources from $150.00 to $140.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 10th. Piper Sandler lowered EOG Resources from an “overweight” rating to a “neutral” rating and increased their target price for the company from $147.00 to $149.00 in a report on Monday, November 18th. Royal Bank of Canada reiterated a “sector perform” rating and set a $145.00 price target on shares of EOG Resources in a report on Monday, October 14th. Finally, Wells Fargo & Company increased their price objective on EOG Resources from $135.00 to $147.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 21st. 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. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $144.00.

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.