EOG Resources, Inc. (NYSE:EOG) Shares Sold by Neville Rodie & Shaw Inc.

Neville Rodie & Shaw Inc. cut its position in EOG Resources, Inc. (NYSE:EOG) by 3.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,996 shares of the energy exploration company’s stock after selling 100 shares during the period. Neville Rodie & Shaw Inc.’s holdings in EOG Resources were worth $367,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Northwest Investment Counselors LLC acquired a new position in EOG Resources during the third quarter valued at $26,000. Eastern Bank acquired a new position in shares of EOG Resources in the 3rd quarter valued at about $28,000. Capital Performance Advisors LLP purchased a new stake in shares of EOG Resources in the third quarter worth about $31,000. HM Payson & Co. grew its holdings in EOG Resources by 203.7% during the third quarter. HM Payson & Co. now owns 328 shares of the energy exploration company’s stock worth $40,000 after acquiring an additional 220 shares during the period. Finally, Matrix Trust Co acquired a new position in EOG Resources in the third quarter valued at approximately $43,000. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on EOG. Piper Sandler dropped their price objective on shares of EOG Resources from $149.00 to $140.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 17th. Wells Fargo & Company raised shares of EOG Resources from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $147.00 to $150.00 in a report on Tuesday, December 17th. Scotiabank lowered 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. Evercore ISI cut their price target on EOG Resources from $150.00 to $145.00 and set an “outperform” rating for the company in a research note on Monday, September 30th. Finally, UBS Group lowered their price target on EOG Resources from $167.00 to $154.00 and set a “buy” rating on the stock in a research report on Wednesday, September 18th. Thirteen investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $143.71.

Insiders Place Their Bets

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 transaction 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 trade represents a 8.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Janet F. Clark sold 568 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were 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 owns 43,532 shares in the company, valued at $5,891,185.56. The trade was a 1.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by corporate insiders.

EOG Resources Trading Down 0.2 %

EOG opened at $126.28 on Tuesday. The firm has a market capitalization of $71.03 billion, a price-to-earnings ratio of 10.17, a price-to-earnings-growth ratio of 3.39 and a beta of 1.29. The company’s 50 day simple moving average is $127.33 and its two-hundred day simple moving average is $126.57. 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 Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be given a dividend of $0.975 per share. This is an increase from EOG Resources’s previous quarterly dividend of $0.91. The ex-dividend date is Friday, January 17th. This represents a $3.90 dividend on an annualized basis and a yield of 3.09%. EOG Resources’s dividend payout ratio (DPR) is presently 31.40%.

EOG Resources declared that its board has approved a share 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 usually a sign that the company’s board believes its stock is undervalued.

About EOG Resources

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.