LaFleur & Godfrey LLC Sells 1,015 Shares of EOG Resources, Inc. (NYSE:EOG)

LaFleur & Godfrey LLC reduced its position in EOG Resources, Inc. (NYSE:EOG) by 9.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,819 shares of the energy exploration company’s stock after selling 1,015 shares during the period. LaFleur & Godfrey LLC’s holdings in EOG Resources were worth $1,204,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of EOG. Northwest Investment Counselors LLC acquired a new stake in EOG Resources in the third quarter valued at approximately $26,000. Decker Retirement Planning Inc. acquired a new stake in shares of EOG Resources in the 4th quarter worth $27,000. Eastern Bank purchased a new position in EOG Resources during the 3rd quarter worth $28,000. Capital Performance Advisors LLP acquired a new position in EOG Resources during the 3rd quarter valued at about $31,000. Finally, HM Payson & Co. raised its stake in EOG Resources by 203.7% in the third quarter. HM Payson & Co. now owns 328 shares of the energy exploration company’s stock valued at $40,000 after buying an additional 220 shares during the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on EOG. Raymond James upped their price objective on shares of EOG Resources from $156.00 to $167.00 and gave the company a “strong-buy” rating in a report on Thursday, November 21st. Truist Financial raised their price target on shares of EOG Resources from $135.00 to $137.00 and gave the stock a “hold” rating in a report on Monday, January 13th. Evercore ISI dropped their price objective on shares of EOG Resources from $150.00 to $145.00 and set an “outperform” rating on the stock in a report on Monday, September 30th. Barclays reduced their target price on EOG Resources from $144.00 to $137.00 and set an “equal weight” rating for the company in a research note on Thursday, October 3rd. Finally, Wolfe Research upgraded EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 price target on the stock in a research note on Friday, January 3rd. 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’s stock. According to data from MarketBeat, EOG Resources has an average rating of “Hold” and a consensus target price of $143.48.

EOG Resources Stock Performance

NYSE EOG opened at $136.70 on Monday. 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, Inc. has a twelve month low of $108.94 and a twelve month high of $139.67. The stock has a 50-day moving average of $128.96 and a 200 day moving average of $127.07. The stock has a market capitalization of $76.89 billion, a price-to-earnings ratio of 11.01, a PEG ratio of 3.63 and a beta of 1.29.

EOG Resources Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be given a dividend of $0.975 per share. This is a positive change from EOG Resources’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Friday, January 17th. This represents a $3.90 dividend on an annualized basis and a dividend yield of 2.85%. EOG Resources’s dividend payout ratio (DPR) is 29.31%.

EOG Resources announced that its board has initiated a share buyback program on Thursday, November 7th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the energy exploration company to reacquire up to 7% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

Insider Activity at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, December 31st. The shares were 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 of the company’s stock, valued at approximately $5,162,365.67. This trade represents a 8.56 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Janet F. Clark sold 568 shares of the business’s 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 approximately $5,891,185.56. This trade represents a 1.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.20% of the stock is owned by corporate 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.