EOG Resources, Inc. (NYSE:EOG) Shares Sold by Foundry Partners LLC

Foundry Partners LLC trimmed its holdings in EOG Resources, Inc. (NYSE:EOG) by 15.0% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 137,994 shares of the energy exploration company’s stock after selling 24,369 shares during the quarter. EOG Resources comprises about 0.8% of Foundry Partners LLC’s portfolio, making the stock its 28th biggest holding. Foundry Partners LLC’s holdings in EOG Resources were worth $16,964,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Lake Street Advisors Group LLC lifted its stake in shares of EOG Resources by 66.9% in the 1st quarter. Lake Street Advisors Group LLC now owns 2,896 shares of the energy exploration company’s stock worth $370,000 after acquiring an additional 1,161 shares during the period. Pitcairn Co. lifted its position in EOG Resources by 12.0% in the first quarter. Pitcairn Co. now owns 4,903 shares of the energy exploration company’s stock worth $627,000 after purchasing an additional 526 shares during the period. Crewe Advisors LLC bought a new position in EOG Resources during the 1st quarter valued at $40,000. CreativeOne Wealth LLC increased its position in shares of EOG Resources by 142.0% during the 1st quarter. CreativeOne Wealth LLC now owns 11,297 shares of the energy exploration company’s stock valued at $1,444,000 after purchasing an additional 6,628 shares during the period. Finally, Axxcess Wealth Management LLC raised its stake in shares of EOG Resources by 19.5% in the 1st quarter. Axxcess Wealth Management LLC now owns 18,132 shares of the energy exploration company’s stock worth $2,318,000 after buying an additional 2,960 shares in the last quarter. 89.91% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. StockNews.com lowered shares of EOG Resources from a “buy” rating to a “hold” rating in a research report on Saturday, November 16th. KeyCorp cut their target price on EOG Resources from $157.00 to $150.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. Scotiabank reduced their target price on EOG Resources from $150.00 to $140.00 and set a “sector perform” rating for the company in a report on Thursday, October 10th. Evercore ISI dropped their price target on EOG Resources from $150.00 to $145.00 and set an “outperform” rating on the stock in a research note on Monday, September 30th. Finally, Piper Sandler lowered shares of EOG Resources from an “overweight” rating to a “neutral” rating and upped their price objective for the company from $147.00 to $149.00 in a research note on Monday. Fifteen investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $142.30.

EOG Resources Trading Up 0.8 %

Shares of EOG Resources stock opened at $136.23 on Thursday. EOG Resources, Inc. has a 12-month low of $108.94 and a 12-month high of $139.67. 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 is $127.27 and its 200-day moving average is $126.10. The stock has a market cap of $76.62 billion, a P/E ratio of 10.97, a P/E/G ratio of 3.58 and a beta of 1.28.

EOG Resources Increases Dividend

The company also recently disclosed 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 represents a $3.90 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date is Friday, January 17th. This is an increase from EOG Resources’s previous quarterly dividend of $0.91. EOG Resources’s dividend payout ratio (DPR) is 29.31%.

EOG Resources declared that its board has approved a stock repurchase plan 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 buy up to 7% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

Insider Transactions at EOG Resources

In other news, EVP Michael P. Donaldson sold 11,037 shares of EOG Resources stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $129.50, for a total transaction of $1,429,291.50. Following the completion of the transaction, the executive vice president now directly owns 74,250 shares in the company, valued at approximately $9,615,375. The trade was a 12.94 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Janet F. Clark sold 568 shares of the stock in a transaction on 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 approximately $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.

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.