Fortem Financial Group LLC Purchases 164 Shares of EOG Resources, Inc. (NYSE:EOG)

Fortem Financial Group LLC increased its position in EOG Resources, Inc. (NYSE:EOG) by 1.8% in the 4th quarter, Holdings Channel reports. The firm owned 9,234 shares of the energy exploration company’s stock after buying an additional 164 shares during the quarter. Fortem Financial Group LLC’s holdings in EOG Resources were worth $1,132,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. CWA Asset Management Group LLC boosted its position in shares of EOG Resources by 108.3% during the 4th quarter. CWA Asset Management Group LLC now owns 17,647 shares of the energy exploration company’s stock valued at $2,163,000 after acquiring an additional 9,175 shares in the last quarter. Everence Capital Management Inc. boosted its holdings in EOG Resources by 73.7% during the fourth quarter. Everence Capital Management Inc. now owns 30,780 shares of the energy exploration company’s stock valued at $3,773,000 after purchasing an additional 13,060 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of EOG Resources by 7.4% in the 4th quarter. GAMMA Investing LLC now owns 8,609 shares of the energy exploration company’s stock valued at $1,055,000 after purchasing an additional 594 shares during the period. Versant Capital Management Inc raised its holdings in shares of EOG Resources by 81.3% in the 4th quarter. Versant Capital Management Inc now owns 1,131 shares of the energy exploration company’s stock worth $139,000 after buying an additional 507 shares in the last quarter. Finally, Inspire Trust Co. N.A. lifted its position in shares of EOG Resources by 11.3% during the 3rd quarter. Inspire Trust Co. N.A. now owns 7,600 shares of the energy exploration company’s stock worth $934,000 after buying an additional 772 shares during the period. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Trading Down 0.4 %

EOG traded down $0.46 during mid-day trading on Monday, hitting $126.11. The stock had a trading volume of 1,979,790 shares, compared to its average volume of 2,596,706. The stock’s fifty day simple moving average is $127.25 and its 200-day simple moving average is $126.54. The firm has a market capitalization of $70.93 billion, a price-to-earnings ratio of 10.15, a price-to-earnings-growth ratio of 3.39 and a beta of 1.29. EOG Resources, Inc. has a 1-year low of $108.94 and a 1-year high of $139.67. 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 announced that its Board of Directors has initiated a stock repurchase plan 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 repurchase up to 7% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

EOG Resources Increases Dividend

The business also recently declared 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 3.09%. The ex-dividend date of this dividend is Friday, January 17th. This is a boost from EOG Resources’s previous quarterly dividend of $0.91. EOG Resources’s dividend payout ratio is 31.40%.

Insider Transactions at EOG Resources

In other news, Director Janet F. Clark sold 568 shares of the company’s stock in a transaction dated Tuesday, November 19th. The stock was 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 directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $120.89, for a total value of $483,560.00. Following the completion of the sale, the chief operating officer now directly owns 42,703 shares in the company, valued at approximately $5,162,365.67. This represents a 8.56 % decrease in their position. The disclosure for this sale can be found here. 0.30% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have weighed in on EOG shares. Raymond James upped their price target on EOG Resources from $156.00 to $167.00 and gave the company a “strong-buy” rating in a research report on Thursday, November 21st. Wells Fargo & Company upgraded shares of EOG Resources from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $147.00 to $150.00 in a research report on Tuesday, December 17th. JPMorgan Chase & Co. reduced their price target on shares of EOG Resources from $143.00 to $135.00 and set a “neutral” rating on the stock in a research report on Thursday, September 12th. KeyCorp dropped their price objective on shares of EOG Resources from $157.00 to $150.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. Finally, Piper Sandler cut their target price on shares of EOG Resources from $149.00 to $140.00 and set a “neutral” rating for the company in a research note on Tuesday, December 17th. Thirteen analysts have rated the stock with a hold rating, nine have issued 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 target price of $143.71.

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.