CX Institutional Buys 535 Shares of EOG Resources, Inc. (NYSE:EOG)

CX Institutional increased its stake in EOG Resources, Inc. (NYSE:EOG) by 4.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,564 shares of the energy exploration company’s stock after purchasing an additional 535 shares during the period. CX Institutional’s holdings in EOG Resources were worth $1,540,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of EOG. AQR Capital Management LLC boosted its position in shares of EOG Resources by 33.5% during the 2nd quarter. AQR Capital Management LLC now owns 1,004,001 shares of the energy exploration company’s stock worth $126,374,000 after acquiring an additional 252,125 shares in the last quarter. Daymark Wealth Partners LLC increased its stake in shares of EOG Resources by 5.5% in the 2nd quarter. Daymark Wealth Partners LLC now owns 11,289 shares of the energy exploration company’s stock valued at $1,421,000 after purchasing an additional 590 shares during the last quarter. MBB Public Markets I LLC raised its holdings in shares of EOG Resources by 765.4% during the 2nd quarter. MBB Public Markets I LLC now owns 45,822 shares of the energy exploration company’s stock worth $5,768,000 after buying an additional 40,527 shares in the last quarter. Mackenzie Financial Corp lifted its position in shares of EOG Resources by 49.7% during the 2nd quarter. Mackenzie Financial Corp now owns 83,686 shares of the energy exploration company’s stock worth $10,534,000 after buying an additional 27,787 shares during the last quarter. Finally, Lighthouse Investment Partners LLC acquired a new position in EOG Resources during the second quarter worth about $250,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

Insider Transactions at EOG Resources

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

EOG Resources Trading Down 1.7 %

EOG opened at $131.73 on Friday. EOG Resources, Inc. has a fifty-two week low of $108.94 and a fifty-two week high of $139.67. The firm has a market capitalization of $74.09 billion, a PE ratio of 10.61, a P/E/G ratio of 3.68 and a beta of 1.29. 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 company’s 50-day moving average is $129.07 and its 200 day moving average is $127.31.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Thursday, November 7th. The energy exploration company reported $2.89 earnings per share for the quarter, topping the consensus estimate of $2.73 by $0.16. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The business had revenue of $5.97 billion for the quarter, compared to analysts’ expectations of $6.03 billion. During the same period in the previous year, the company earned $3.44 earnings per share. As a group, research analysts predict that EOG Resources, Inc. will post 11.45 earnings per share for the current fiscal year.

EOG Resources announced that its Board of Directors has initiated a share repurchase plan on Thursday, November 7th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the energy exploration company to reacquire up to 7% of its shares through open market purchases. Shares buyback 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 disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be paid a $0.975 dividend. This represents a $3.90 dividend on an annualized basis and a yield of 2.96%. 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 31.40%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on EOG shares. Bank of America reaffirmed a “neutral” rating and set a $144.00 price target (down from $151.00) on shares of EOG Resources in a report on Monday, January 13th. KeyCorp reduced their price objective 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. Mizuho dropped their price objective 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. Truist Financial raised their price target on shares of EOG Resources from $135.00 to $137.00 and gave the company a “hold” rating in a research note on Monday, January 13th. Finally, Barclays reduced their price objective on shares of 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. Thirteen research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, EOG Resources currently has an average rating of “Hold” and a consensus price target of $143.86.

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.