Diversified Trust Co Reduces Stock Position in EOG Resources, Inc. (NYSE:EOG)

Diversified Trust Co lessened its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 40.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,717 shares of the energy exploration company’s stock after selling 3,856 shares during the quarter. Diversified Trust Co’s holdings in EOG Resources were worth $701,000 as of its most recent filing with the Securities & Exchange Commission.

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

Analyst Upgrades and Downgrades

EOG has been the subject of a number of analyst reports. KeyCorp decreased their price objective on shares of EOG Resources from $157.00 to $150.00 and set an “overweight” rating for the company in a research report on Wednesday, October 16th. Evercore ISI dropped their price target on EOG Resources from $150.00 to $145.00 and set an “outperform” rating for the company in a research report on Monday, September 30th. StockNews.com downgraded shares of EOG Resources from a “buy” rating to a “hold” rating in a report on Friday, January 3rd. Piper Sandler reduced their price target 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. Finally, Barclays lowered their target price 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 given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $143.71.

Insider Transactions at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $120.89, for a total transaction of $483,560.00. Following the sale, the chief operating officer now directly owns 42,703 shares in the company, valued at $5,162,365.67. This trade represents a 8.56 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Janet F. Clark sold 568 shares of the company’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 completion of the sale, the director now owns 43,532 shares in the company, valued at $5,891,185.56. This trade represents a 1.29 % 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 Stock Up 0.6 %

Shares of NYSE EOG opened at $128.31 on Friday. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $72.17 billion, a PE ratio of 10.33, a price-to-earnings-growth ratio of 3.37 and a beta of 1.29. The firm’s 50-day moving average is $127.76 and its 200-day moving average is $126.64. EOG Resources, Inc. has a 1 year low of $108.94 and a 1 year high of $139.67.

EOG Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be issued a $0.975 dividend. This represents a $3.90 annualized dividend and a dividend yield of 3.04%. The ex-dividend date of this dividend is Friday, January 17th. This is an increase from EOG Resources’s previous quarterly dividend of $0.91. EOG Resources’s dividend payout ratio is presently 29.31%.

EOG Resources declared that its Board of Directors has initiated a share repurchase program on Thursday, November 7th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the energy exploration company to purchase up to 7% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are 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.