5,939 Shares in EOG Resources, Inc. (NYSE:EOG) Bought by World Investment Advisors LLC

World Investment Advisors LLC purchased a new position in shares of EOG Resources, Inc. (NYSE:EOG) in the third quarter, HoldingsChannel.com reports. The firm purchased 5,939 shares of the energy exploration company’s stock, valued at approximately $730,000.

Several other hedge funds have also recently made changes to their positions in EOG. Northwest Investment Counselors LLC acquired a new stake in EOG Resources during the third quarter worth approximately $26,000. MFA Wealth Advisors LLC bought a new position in shares of EOG Resources during the 2nd quarter worth approximately $28,000. Eastern Bank acquired a new stake in shares of EOG Resources during the 3rd quarter worth approximately $28,000. Capital Performance Advisors LLP bought a new stake in shares of EOG Resources in the 3rd quarter valued at $31,000. Finally, HM Payson & Co. lifted its position in shares of EOG Resources by 203.7% during the 3rd quarter. HM Payson & Co. now owns 328 shares of the energy exploration company’s stock valued at $40,000 after acquiring an additional 220 shares during the period. 89.91% of the stock is owned by institutional investors.

Insider Buying and Selling

In other EOG Resources news, Director Janet F. Clark sold 568 shares of the company’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 transaction, the director now owns 43,532 shares in the company, valued at $5,891,185.56. This represents a 1.29 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.30% of the stock is currently owned by corporate insiders.

EOG Resources Trading Down 1.7 %

Shares of EOG stock opened at $124.62 on Tuesday. EOG Resources, Inc. has a 52-week low of $108.94 and a 52-week high of $139.67. The company has a 50-day simple moving average of $129.04 and a two-hundred day simple moving average of $126.45. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. The company has a market capitalization of $70.09 billion, a price-to-earnings ratio of 10.03, a PEG ratio of 3.39 and a beta of 1.29.

EOG Resources declared that its board has authorized a stock buyback plan on Thursday, November 7th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the energy exploration company to reacquire up to 7% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board 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 dividend of $0.975 per share. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.13%. This is an increase from EOG Resources’s previous quarterly dividend of $0.91. The ex-dividend date is Friday, January 17th. EOG Resources’s dividend payout ratio (DPR) is presently 31.40%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on EOG shares. JPMorgan Chase & Co. decreased their price target on shares of EOG Resources from $143.00 to $135.00 and set a “neutral” rating for the company in a research note on Thursday, September 12th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $145.00 price target on shares of EOG Resources in a research note on Monday, October 14th. Morgan Stanley reduced their price objective on EOG Resources from $134.00 to $132.00 and set an “equal weight” rating for the company in a research note on Monday, September 16th. Barclays lowered their target price on EOG Resources from $144.00 to $137.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 3rd. Finally, Piper Sandler cut EOG Resources from an “overweight” rating to a “neutral” rating and increased their target price for the stock from $147.00 to $149.00 in a report on Monday, November 18th. Fifteen research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, EOG Resources presently has a consensus rating of “Hold” and a consensus price target of $143.80.

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.