Citizens Financial Group Inc. RI Purchases 144 Shares of EOG Resources, Inc. (NYSE:EOG)

Citizens Financial Group Inc. RI boosted its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 4.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,348 shares of the energy exploration company’s stock after purchasing an additional 144 shares during the period. Citizens Financial Group Inc. RI’s holdings in EOG Resources were worth $412,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Northwest Investment Counselors LLC acquired a new position in EOG Resources during the 3rd quarter worth approximately $26,000. Riverview Trust Co acquired a new position in shares of EOG Resources during the second quarter worth $27,000. MFA Wealth Advisors LLC bought a new position in shares of EOG Resources in the 2nd quarter valued at $28,000. Eastern Bank bought a new stake in EOG Resources during the 3rd quarter worth $28,000. Finally, Gladius Capital Management LP acquired a new position in EOG Resources in the 2nd quarter worth about $30,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Stock Up 0.6 %

EOG stock opened at $136.35 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. EOG Resources, Inc. has a fifty-two week low of $108.94 and a fifty-two week high of $139.67. The stock’s 50 day simple moving average is $127.95 and its 200 day simple moving average is $126.18. The company has a market cap of $76.69 billion, a P/E ratio of 10.98, a price-to-earnings-growth ratio of 3.59 and a beta of 1.28.

EOG Resources declared that its Board of Directors has authorized a stock repurchase plan on Thursday, November 7th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the energy exploration company to repurchase up to 7% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its shares are undervalued.

EOG Resources Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be given a $0.975 dividend. The ex-dividend date is Friday, January 17th. This represents a $3.90 annualized dividend and a yield of 2.86%. This is an increase from EOG Resources’s previous quarterly dividend of $0.91. EOG Resources’s dividend payout ratio (DPR) is presently 29.31%.

Insider Buying and Selling at EOG Resources

In related news, EVP Michael P. Donaldson sold 11,037 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president now owns 74,250 shares of the company’s stock, valued at approximately $9,615,375. This trade represents a 12.94 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Janet F. Clark sold 568 shares of the business’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 sale, the director now directly owns 43,532 shares of the company’s stock, valued at $5,891,185.56. This represents 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 company insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on EOG shares. Evercore ISI reduced their price target on EOG Resources from $150.00 to $145.00 and set an “outperform” rating on the stock in a report on Monday, September 30th. Royal Bank of Canada restated a “sector perform” rating and issued a $145.00 price target on shares of EOG Resources in a research report on Monday, October 14th. Piper Sandler lowered shares of EOG Resources from an “overweight” rating to a “neutral” rating and lifted their price target for the stock from $147.00 to $149.00 in a report on Monday, November 18th. Benchmark restated a “hold” rating on shares of EOG Resources in a report on Tuesday, November 12th. Finally, Raymond James lifted their target price on EOG Resources from $156.00 to $167.00 and gave the stock a “strong-buy” rating in a report on Thursday. Fifteen analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $144.00.

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.