EOG Resources, Inc. (NYSE:EOG) Shares Purchased by RKL Wealth Management LLC

RKL Wealth Management LLC increased its holdings in EOG Resources, Inc. (NYSE:EOG) by 11.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 20,008 shares of the energy exploration company’s stock after purchasing an additional 2,133 shares during the quarter. RKL Wealth Management LLC’s holdings in EOG Resources were worth $2,460,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Northwest Investment Counselors LLC purchased a new position in shares of EOG Resources during the 3rd quarter valued at approximately $26,000. Riverview Trust Co purchased a new position in EOG Resources during the second quarter valued at $27,000. MFA Wealth Advisors LLC acquired a new stake in shares of EOG Resources in the second quarter valued at about $28,000. Eastern Bank purchased a new stake in shares of EOG Resources during the third quarter worth about $28,000. Finally, Gladius Capital Management LP acquired a new position in shares of EOG Resources during the 2nd quarter worth about $30,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Insider Activity 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 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 $9,615,375. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, Director Charles R. Crisp sold 6,500 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $125.60, for a total value of $816,400.00. Following the sale, the director now directly owns 60,892 shares in the company, valued at approximately $7,648,035.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Michael P. Donaldson sold 11,037 shares of EOG Resources stock in a transaction 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 owns 74,250 shares of the company’s stock, valued at approximately $9,615,375. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on EOG. Truist Financial cut their price objective on EOG Resources from $130.00 to $115.00 and set a “hold” rating for the company in a research note on Monday, September 30th. UBS Group decreased their price objective on EOG Resources from $167.00 to $154.00 and set a “buy” rating on the stock in a report on Wednesday, September 18th. JPMorgan Chase & Co. lowered their target price on shares of EOG Resources from $143.00 to $135.00 and set a “neutral” rating on the stock in a research note on Thursday, September 12th. StockNews.com raised shares of EOG Resources from a “hold” rating to a “buy” rating in a research note on Friday. Finally, Piper Sandler dropped their price objective on shares of EOG Resources from $154.00 to $147.00 and set an “overweight” rating for the company in a research note on Thursday, August 15th. Thirteen analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $141.20.

EOG Resources Stock Performance

Shares of EOG stock opened at $134.12 on Friday. EOG Resources, Inc. has a one year low of $108.94 and a one year high of $139.67. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.89 and a current ratio of 2.12. The firm’s 50 day moving average price is $125.19 and its 200-day moving average price is $126.08. The firm has a market cap of $76.26 billion, a P/E ratio of 10.80, a P/E/G ratio of 3.35 and a beta of 1.28.

EOG Resources declared that its Board of Directors has initiated a stock repurchase 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 buy up to 7% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

EOG Resources Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be given a dividend of $0.975 per share. This is a positive change from EOG Resources’s previous quarterly dividend of $0.91. This represents a $3.90 annualized dividend and a dividend yield of 2.91%. The ex-dividend date of this dividend is Friday, January 17th. EOG Resources’s dividend payout ratio (DPR) is currently 31.40%.

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.