CWA Asset Management Group LLC Buys 9,175 Shares of EOG Resources, Inc. (NYSE:EOG)

CWA Asset Management Group LLC increased its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 108.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,647 shares of the energy exploration company’s stock after buying an additional 9,175 shares during the quarter. CWA Asset Management Group LLC’s holdings in EOG Resources were worth $2,163,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Foundations Investment Advisors LLC bought a new stake in EOG Resources in the 2nd quarter worth about $209,000. Candriam S.C.A. grew its holdings in shares of EOG Resources by 15.5% in the second quarter. Candriam S.C.A. now owns 36,739 shares of the energy exploration company’s stock valued at $4,624,000 after acquiring an additional 4,925 shares in the last quarter. Savant Capital LLC increased its position in shares of EOG Resources by 44.1% during the second quarter. Savant Capital LLC now owns 16,118 shares of the energy exploration company’s stock valued at $2,029,000 after acquiring an additional 4,933 shares during the last quarter. Lake Street Advisors Group LLC lifted its holdings in EOG Resources by 8.9% during the second quarter. Lake Street Advisors Group LLC now owns 3,153 shares of the energy exploration company’s stock worth $397,000 after acquiring an additional 257 shares during the period. Finally, Norden Group LLC boosted its position in EOG Resources by 11.5% in the second quarter. Norden Group LLC now owns 4,362 shares of the energy exploration company’s stock worth $549,000 after purchasing an additional 449 shares during the last quarter. 89.91% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, COO Jeffrey R. Leitzell sold 4,000 shares of the company’s stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $120.89, for a total value of $483,560.00. Following the completion of the transaction, the chief operating officer now directly owns 42,703 shares in the company, valued at approximately $5,162,365.67. The trade was a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Janet F. Clark sold 568 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The shares were 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 in the company, valued at $5,891,185.56. The trade was a 1.29 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.30% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on EOG shares. Mizuho decreased their target price on EOG Resources from $156.00 to $148.00 and set an “outperform” rating for the company in a research report on Monday, December 16th. StockNews.com lowered shares of EOG Resources from a “buy” rating to a “hold” rating in a research report on Friday. Royal Bank of Canada reiterated a “sector perform” rating and issued a $150.00 target price on shares of EOG Resources in a research note on Monday. Barclays lowered their price target on shares of EOG Resources from $144.00 to $137.00 and set an “equal weight” rating on the stock in a report on Thursday, October 3rd. Finally, Morgan Stanley reduced their price objective on EOG Resources from $134.00 to $132.00 and set an “equal weight” rating for the company in a report on Monday, September 16th. Thirteen equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, EOG Resources currently has an average rating of “Hold” and a consensus target price of $143.71.

EOG Resources Stock Performance

NYSE:EOG opened at $126.28 on Tuesday. The stock has a market cap of $71.03 billion, a P/E ratio of 10.17, a PEG ratio of 3.39 and a beta of 1.29. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. The business’s 50-day moving average price is $127.33 and its two-hundred day moving average price is $126.57. EOG Resources, Inc. has a twelve month low of $108.94 and a twelve month high of $139.67.

EOG Resources announced that its Board of Directors has authorized a share buyback program on Thursday, November 7th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the energy exploration company to purchase up to 7% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.

EOG Resources Increases Dividend

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

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.