Covestor Ltd Has $133,000 Stake in EOG Resources, Inc. (NYSE:EOG)

Covestor Ltd raised its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 11.2% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 1,078 shares of the energy exploration company’s stock after purchasing an additional 109 shares during the quarter. Covestor Ltd’s holdings in EOG Resources were worth $133,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Quantbot Technologies LP acquired a new stake in EOG Resources in the first quarter worth $699,000. Headlands Technologies LLC raised its stake in EOG Resources by 231.4% during the 1st quarter. Headlands Technologies LLC now owns 1,339 shares of the energy exploration company’s stock worth $171,000 after buying an additional 935 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in EOG Resources by 23.3% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 25,102 shares of the energy exploration company’s stock worth $3,209,000 after acquiring an additional 4,749 shares in the last quarter. BHK Investment Advisors LLC increased its holdings in shares of EOG Resources by 54.7% in the first quarter. BHK Investment Advisors LLC now owns 5,079 shares of the energy exploration company’s stock worth $649,000 after acquiring an additional 1,796 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System raised its position in shares of EOG Resources by 10.5% during the first quarter. State Board of Administration of Florida Retirement System now owns 701,343 shares of the energy exploration company’s stock worth $89,660,000 after purchasing an additional 66,359 shares during the period. 89.91% of the stock is owned by institutional investors.

Insider Buying and Selling

In other EOG Resources news, EVP Michael P. Donaldson sold 11,037 shares of the company’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $129.50, for a total value of $1,429,291.50. Following the transaction, the executive vice president now directly owns 74,250 shares of the company’s stock, valued at $9,615,375. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, Director Charles R. Crisp sold 6,500 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $125.60, for a total transaction of $816,400.00. Following the sale, the director now owns 60,892 shares of the company’s stock, valued at $7,648,035.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Michael P. Donaldson sold 11,037 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $129.50, for a total value of $1,429,291.50. Following the transaction, the executive vice president now owns 74,250 shares in the company, valued at approximately $9,615,375. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by insiders.

EOG Resources Stock Performance

NYSE EOG opened at $133.07 on Tuesday. EOG Resources, Inc. has a 52-week low of $108.94 and a 52-week high of $139.67. The stock has a market cap of $75.66 billion, a PE ratio of 10.71, a P/E/G ratio of 3.56 and a beta of 1.28. The firm has a 50-day moving average of $125.19 and a 200-day moving average of $125.95. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.89 and a current ratio of 2.12.

EOG Resources declared that its board has approved 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 buy up to 7% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

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 paid a dividend of $0.975 per share. 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 2.93%. This is a positive change from EOG Resources’s previous quarterly dividend of $0.91. EOG Resources’s dividend payout ratio (DPR) is 29.31%.

Analysts Set New Price Targets

Several brokerages have commented on EOG. Sanford C. Bernstein dropped their target price on shares of EOG Resources from $139.00 to $125.00 and set a “market perform” rating on the stock in a report on Wednesday, July 17th. UBS Group cut their price objective on shares of EOG Resources from $167.00 to $154.00 and set a “buy” rating on the stock in a research report on Wednesday, September 18th. JPMorgan Chase & Co. reduced their target price on shares of EOG Resources from $143.00 to $135.00 and set a “neutral” rating for the company in a research note on Thursday, September 12th. StockNews.com upgraded EOG Resources from a “hold” rating to a “buy” rating in a report on Friday. Finally, Barclays decreased their price objective on EOG Resources from $144.00 to $137.00 and set an “equal weight” rating for the company in a report on Thursday, October 3rd. Thirteen investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, EOG Resources has a consensus rating of “Hold” and a consensus price target of $141.20.

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.