EOG Resources, Inc. (NYSE:EOG) Shares Sold by Ontario Teachers Pension Plan Board

Ontario Teachers Pension Plan Board decreased its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 42.5% during the 3rd quarter, Holdings Channel.com reports. The firm owned 8,820 shares of the energy exploration company’s stock after selling 6,522 shares during the period. Ontario Teachers Pension Plan Board’s holdings in EOG Resources were worth $1,084,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. First Horizon Advisors Inc. increased its holdings in EOG Resources by 3.7% during the 3rd quarter. First Horizon Advisors Inc. now owns 2,603 shares of the energy exploration company’s stock worth $320,000 after purchasing an additional 93 shares during the period. Advisors Asset Management Inc. increased its holdings in EOG Resources by 6.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 30,709 shares of the energy exploration company’s stock worth $3,775,000 after purchasing an additional 1,843 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in EOG Resources during the 3rd quarter worth about $10,752,000. Commerce Bank increased its holdings in EOG Resources by 1.7% during the 3rd quarter. Commerce Bank now owns 92,768 shares of the energy exploration company’s stock worth $11,404,000 after purchasing an additional 1,515 shares during the period. Finally, Avior Wealth Management LLC increased its holdings in EOG Resources by 2.9% during the 3rd quarter. Avior Wealth Management LLC now owns 12,359 shares of the energy exploration company’s stock worth $1,519,000 after purchasing an additional 348 shares during the period. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Insider Activity

In related news, Director Janet F. Clark sold 568 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $135.33, for a total value of $76,867.44. Following the completion of the transaction, the director now directly owns 43,532 shares of the company’s stock, valued at $5,891,185.56. This trade represents a 1.29 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Michael P. Donaldson sold 11,037 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $129.50, for a total value of $1,429,291.50. Following the completion of the transaction, the executive vice president now directly owns 74,250 shares of the company’s stock, valued at $9,615,375. The trade was a 12.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on EOG. Royal Bank of Canada reiterated a “sector perform” rating and issued a $145.00 price objective on shares of EOG Resources in a report on Monday, October 14th. Scotiabank dropped their price objective on EOG Resources from $150.00 to $140.00 and set a “sector perform” rating on the stock in a report on Thursday, October 10th. Truist Financial raised their price target on EOG Resources from $115.00 to $135.00 and gave the stock a “hold” rating in a research note on Tuesday, November 12th. Morgan Stanley dropped their price target on EOG Resources from $134.00 to $132.00 and set an “equal weight” rating on the stock in a research note on Monday, September 16th. Finally, Barclays dropped their price target on EOG Resources from $144.00 to $137.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 3rd. Fifteen analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $142.30.

EOG Resources Stock Up 0.8 %

EOG opened at $136.23 on Thursday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. The business has a 50 day simple moving average of $127.27 and a 200-day simple moving average of $126.10. The stock has a market capitalization of $76.62 billion, a P/E ratio of 10.97, a P/E/G ratio of 3.57 and a beta of 1.28. EOG Resources, Inc. has a 12 month low of $108.94 and a 12 month high of $139.67.

EOG Resources declared that its board has authorized a stock repurchase plan on Thursday, November 7th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the energy exploration company to purchase up to 7% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

EOG Resources Increases Dividend

The firm also recently declared 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 is a boost from EOG Resources’s previous quarterly dividend of $0.91. This represents a $3.90 annualized dividend and a dividend yield of 2.86%. The ex-dividend date is Friday, January 17th. EOG Resources’s dividend payout ratio (DPR) is currently 29.31%.

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.