EOG Resources, Inc. (NYSE:EOG) Shares Bought by Dana Investment Advisors Inc.

Dana Investment Advisors Inc. lifted its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 0.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 29,451 shares of the energy exploration company’s stock after purchasing an additional 234 shares during the quarter. Dana Investment Advisors Inc.’s holdings in EOG Resources were worth $3,610,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Financial Life Planners purchased a new position in EOG Resources in the 4th quarter valued at approximately $25,000. Y.D. More Investments Ltd raised its stake in shares of EOG Resources by 149.4% in the fourth quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company’s stock valued at $25,000 after acquiring an additional 121 shares in the last quarter. Mainstream Capital Management LLC purchased a new position in EOG Resources in the fourth quarter valued at $25,000. Decker Retirement Planning Inc. purchased a new stake in EOG Resources during the 4th quarter worth about $27,000. Finally, Keystone Financial Group Inc. acquired a new stake in EOG Resources in the 4th quarter valued at about $27,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Performance

Shares of EOG opened at $122.16 on Friday. The company’s 50 day simple moving average is $129.40 and its 200-day simple moving average is $127.73. The firm has a market cap of $68.71 billion, a PE ratio of 9.84, a price-to-earnings-growth ratio of 3.58 and a beta of 1.27. EOG Resources, Inc. has a 12-month low of $115.78 and a 12-month high of $139.67. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Friday, February 28th. The energy exploration company reported $2.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.55 by $0.19. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The company had revenue of $5.59 billion for the quarter, compared to the consensus estimate of $5.96 billion. As a group, equities analysts predict that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be given a $0.975 dividend. This represents a $3.90 annualized dividend and a yield of 3.19%. The ex-dividend date of this dividend is Wednesday, April 16th. EOG Resources’s dividend payout ratio (DPR) is presently 34.73%.

EOG Resources declared that its board has authorized a share repurchase plan on Thursday, November 7th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the energy exploration company to repurchase up to 7% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Truist Financial boosted their price objective on EOG Resources from $135.00 to $137.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. Mizuho lowered their price target on shares of EOG Resources from $156.00 to $148.00 and set an “outperform” rating for the company in a report on Monday, December 16th. Royal Bank of Canada upgraded shares of EOG Resources from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from $150.00 to $155.00 in a report on Wednesday, February 12th. Bank of America reiterated a “neutral” rating and set a $144.00 target price (down previously from $151.00) on shares of EOG Resources in a research note on Monday, January 13th. Finally, StockNews.com cut EOG Resources from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. Twelve equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, EOG Resources presently has an average rating of “Moderate Buy” and a consensus price target of $145.80.

Insider Buying and Selling at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $120.89, for a total value of $483,560.00. Following the transaction, the chief operating officer now directly owns 42,703 shares in the company, valued at approximately $5,162,365.67. This trade represents a 8.56 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.30% of the stock is owned by company insiders.

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.