EOG Resources, Inc. (NYSE:EOG) Shares Purchased by CreativeOne Wealth LLC

CreativeOne Wealth LLC boosted its position in EOG Resources, Inc. (NYSE:EOG) by 59.3% in the third quarter, HoldingsChannel.com reports. The firm owned 14,507 shares of the energy exploration company’s stock after purchasing an additional 5,399 shares during the quarter. CreativeOne Wealth LLC’s holdings in EOG Resources were worth $1,783,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Northwest Investment Counselors LLC acquired a new stake in EOG Resources in the third quarter worth approximately $26,000. Riverview Trust Co bought a new position in shares of EOG Resources in the second quarter valued at $27,000. MFA Wealth Advisors LLC bought a new position in shares of EOG Resources in the second quarter valued at $28,000. Eastern Bank bought a new position in shares of EOG Resources in the third quarter valued at $28,000. Finally, Gladius Capital Management LP bought a new position in shares of EOG Resources in the second quarter valued at $30,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on EOG shares. Citigroup upped their price target on EOG Resources from $127.00 to $134.00 and gave the company a “neutral” rating in a report on Tuesday. Morgan Stanley dropped their price target on EOG Resources from $134.00 to $132.00 and set an “equal weight” rating on the stock in a report on Monday, September 16th. Truist Financial boosted their target price on shares of EOG Resources from $115.00 to $135.00 and gave the company a “hold” rating in a research note on Tuesday, November 12th. Evercore ISI cut their target price on shares of EOG Resources from $150.00 to $145.00 and set an “outperform” rating on the stock in a research note on Monday, September 30th. Finally, Scotiabank cut their target price on shares of EOG Resources from $150.00 to $140.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 10th. Fifteen analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, EOG Resources has a consensus rating of “Hold” and a consensus target price of $144.20.

Insider Activity

In other news, Director Janet F. Clark sold 568 shares of the firm’s stock in a transaction dated 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 directly 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.20% of the stock is currently owned by company insiders.

EOG Resources Trading Up 0.4 %

EOG Resources stock opened at $133.09 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. The company has a market capitalization of $74.86 billion, a price-to-earnings ratio of 10.72, a PEG ratio of 3.51 and a beta of 1.28. 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 $128.67 and its two-hundred day moving average price is $126.27.

EOG Resources Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be given a $0.975 dividend. This is an increase from EOG Resources’s previous quarterly dividend of $0.91. This represents a $3.90 annualized dividend and a dividend yield of 2.93%. The ex-dividend date of this dividend is Friday, January 17th. EOG Resources’s dividend payout ratio (DPR) is currently 29.31%.

EOG Resources announced that its Board of Directors has initiated a stock buyback 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 purchase up to 7% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its stock is undervalued.

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.