EOG Resources, Inc. (NYSE:EOG) Shares Purchased by Matrix Trust Co

Matrix Trust Co increased its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 700.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,778 shares of the energy exploration company’s stock after acquiring an additional 2,431 shares during the quarter. Matrix Trust Co’s holdings in EOG Resources were worth $341,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Northwest Investment Counselors LLC acquired a new position in EOG Resources in the 3rd quarter valued at about $26,000. Eastern Bank purchased a new stake in shares of EOG Resources in the 3rd quarter valued at approximately $28,000. Capital Performance Advisors LLP purchased a new stake in EOG Resources during the 3rd quarter worth approximately $31,000. HM Payson & Co. increased its stake in EOG Resources by 203.7% during the 3rd quarter. HM Payson & Co. now owns 328 shares of the energy exploration company’s stock worth $40,000 after buying an additional 220 shares during the period. Finally, Harbor Capital Advisors Inc. purchased a new stake in EOG Resources during the 3rd quarter worth approximately $47,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

EOG Resources Stock Up 2.4 %

Shares of EOG Resources stock opened at $131.54 on Monday. The company has a market cap of $73.98 billion, a P/E ratio of 10.59, a PEG ratio of 3.37 and a beta of 1.29. 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 one year low of $108.94 and a one year high of $139.67. The firm has a fifty day moving average of $127.97 and a two-hundred day moving average of $126.70.

EOG Resources Increases Dividend

The company also recently disclosed 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 of this dividend is Friday, January 17th. This represents a $3.90 dividend on an annualized basis and a yield of 2.96%. This is an increase from EOG Resources’s previous quarterly dividend of $0.91. EOG Resources’s dividend payout ratio is presently 31.40%.

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

Analyst Ratings Changes

Several brokerages recently weighed in on EOG. Raymond James upped their target price on shares of EOG Resources from $156.00 to $167.00 and gave the stock a “strong-buy” rating in a research note on Thursday, November 21st. Mizuho lowered their price target on shares of EOG Resources from $156.00 to $148.00 and set an “outperform” rating for the company in a report on Monday, December 16th. Bank of America reiterated a “neutral” rating and set a $144.00 price target (down previously from $151.00) on shares of EOG Resources in a report on Monday. KeyCorp lowered their price target on shares of EOG Resources from $157.00 to $150.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. Finally, Wolfe Research upgraded shares of EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 price target for the company in a report on Friday, January 3rd. Thirteen investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, EOG Resources has a consensus rating of “Hold” and an average price target of $143.38.

Insiders Place Their Bets

In other news, Director Janet F. Clark sold 568 shares of the 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 transaction, 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $120.89, for a total transaction of $483,560.00. Following the completion of the transaction, the chief operating officer now owns 42,703 shares of the company’s stock, valued at $5,162,365.67. This represents a 8.56 % decrease in their position. The disclosure for this sale can be found here. 0.30% of the stock is owned by 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.