EOG Resources, Inc. (NYSE:EOG) Shares Bought by Unigestion Holding SA

Unigestion Holding SA lifted its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 27.9% during the 3rd quarter, Holdings Channel.com reports. The firm owned 203,862 shares of the energy exploration company’s stock after acquiring an additional 44,441 shares during the period. Unigestion Holding SA’s holdings in EOG Resources were worth $25,059,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in EOG. Fisher Asset Management LLC boosted its stake in EOG Resources by 856.7% in the 3rd quarter. Fisher Asset Management LLC now owns 1,200,851 shares of the energy exploration company’s stock worth $147,621,000 after buying an additional 1,075,334 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of EOG Resources in the second quarter worth approximately $106,990,000. Legal & General Group Plc grew its holdings in EOG Resources by 9.1% in the second quarter. Legal & General Group Plc now owns 4,840,705 shares of the energy exploration company’s stock valued at $609,300,000 after purchasing an additional 403,676 shares during the period. National Bank of Canada FI increased its position 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 worth $61,741,000 after purchasing an additional 343,527 shares during the last quarter. Finally, Victory Capital Management Inc. raised its stake in EOG Resources by 42.8% during the third quarter. Victory Capital Management Inc. now owns 1,113,429 shares of the energy exploration company’s stock worth $136,874,000 after purchasing an additional 333,947 shares during the period. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on EOG. StockNews.com downgraded EOG Resources from a “buy” rating to a “hold” rating in a report on Saturday, November 16th. Raymond James raised their price objective on EOG Resources from $156.00 to $167.00 and gave the stock a “strong-buy” rating in a report on Thursday, November 21st. Citigroup boosted their target price on EOG Resources from $127.00 to $134.00 and gave the stock a “neutral” rating in a report on Tuesday, November 26th. Piper Sandler downgraded shares of EOG Resources from an “overweight” rating to a “neutral” rating and increased their target price for the stock from $147.00 to $149.00 in a research report on Monday, November 18th. Finally, KeyCorp reduced their price target on shares of EOG Resources from $157.00 to $150.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. 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 stock. According to data from MarketBeat.com, EOG Resources presently has an average rating of “Hold” and a consensus target price of $144.20.

EOG Resources Stock Down 1.0 %

NYSE:EOG opened at $126.62 on Wednesday. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. The stock has a 50 day moving average of $129.46 and a 200-day moving average of $126.34. The firm has a market capitalization of $71.21 billion, a PE ratio of 10.19, a price-to-earnings-growth ratio of 3.40 and a beta of 1.29. EOG Resources, Inc. has a 52 week low of $108.94 and a 52 week high of $139.67.

EOG Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be issued a $0.975 dividend. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date is Friday, January 17th. This is a boost from EOG Resources’s previous quarterly dividend of $0.91. EOG Resources’s dividend payout ratio (DPR) is 29.31%.

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

Insider Buying and Selling at EOG Resources

In other news, 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 completion of the transaction, the director now owns 43,532 shares of the company’s stock, valued at approximately $5,891,185.56. This represents a 1.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.20% of the stock is currently owned by company insiders.

About EOG Resources

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.