EOG Resources, Inc. (NYSE:EOG) Shares Acquired by Marion Wealth Management

Marion Wealth Management boosted its position in EOG Resources, Inc. (NYSE:EOG) by 2.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,354 shares of the energy exploration company’s stock after buying an additional 343 shares during the quarter. Marion Wealth Management’s holdings in EOG Resources were worth $1,514,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Northwest Investment Counselors LLC bought a new position in EOG Resources during the 3rd quarter valued at $26,000. Eastern Bank acquired a new stake in shares of EOG Resources in the 3rd quarter valued at about $28,000. Capital Performance Advisors LLP bought a new position in shares of EOG Resources during the third quarter worth about $31,000. HM Payson & Co. grew 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 worth $40,000 after purchasing an additional 220 shares in the last quarter. Finally, Matrix Trust Co bought a new stake in EOG Resources in the third quarter valued at about $43,000. 89.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on EOG shares. Piper Sandler decreased their target price on EOG Resources from $149.00 to $140.00 and set a “neutral” rating for the company in a research report on Tuesday, December 17th. Barclays decreased their price target on shares of EOG Resources from $144.00 to $137.00 and set an “equal weight” rating for the company in a report on Thursday, October 3rd. 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 research note on Monday, September 30th. Citigroup upped their target price on EOG Resources from $127.00 to $134.00 and gave the company a “neutral” rating in a report on Tuesday, November 26th. Finally, Benchmark reiterated a “hold” rating on shares of EOG Resources in a research report on Monday. Thirteen equities research 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. Based on data from MarketBeat.com, EOG Resources currently has a consensus rating of “Hold” and an average target price of $143.48.

Insider Activity

In other news, Director Janet F. Clark sold 568 shares of the firm’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $135.33, for a total transaction of $76,867.44. Following the transaction, the director now owns 43,532 shares in the company, valued at approximately $5,891,185.56. This trade represents a 1.29 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the business’s stock in a transaction dated Tuesday, December 31st. The stock was 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 of the company’s stock, valued at $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 company insiders.

EOG Resources Price Performance

Shares of NYSE:EOG traded up $3.10 during trading hours on Monday, hitting $134.51. 5,522,621 shares of the company’s stock traded hands, compared to its average volume of 3,547,088. EOG Resources, Inc. has a 52 week low of $108.94 and a 52 week high of $139.67. The company has a market cap of $75.66 billion, a price-to-earnings ratio of 10.83, a price-to-earnings-growth ratio of 3.37 and a beta of 1.29. The company’s fifty day simple moving average is $127.97 and its two-hundred day simple moving average is $126.70. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31.

EOG Resources Increases Dividend

The company 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 $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 2.90%. The ex-dividend date is Friday, January 17th. EOG Resources’s dividend payout ratio (DPR) is 31.40%.

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

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.