B. Riley Wealth Advisors Inc. Reduces Stock Position in EOG Resources, Inc. (NYSE:EOG)

B. Riley Wealth Advisors Inc. decreased its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 62.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,051 shares of the energy exploration company’s stock after selling 6,763 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in EOG Resources were worth $507,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Northwest Investment Counselors LLC purchased a new position in shares of EOG Resources during the 3rd quarter worth $26,000. Eastern Bank acquired a new stake in EOG Resources during the third quarter worth about $28,000. Capital Performance Advisors LLP purchased a new position in EOG Resources during the third quarter worth about $31,000. HM Payson & Co. boosted its holdings in EOG Resources by 203.7% in the 3rd quarter. HM Payson & Co. now owns 328 shares of the energy exploration company’s stock valued at $40,000 after purchasing an additional 220 shares during the last quarter. Finally, Matrix Trust Co purchased a new stake in shares of EOG Resources in the 3rd quarter valued at approximately $43,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

Insider Buying and Selling at EOG Resources

In related news, Director Janet F. Clark sold 568 shares of the business’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $135.33, for a total transaction of $76,867.44. Following the completion of the transaction, the director now owns 43,532 shares in the company, valued at approximately $5,891,185.56. The trade was a 1.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.30% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Mizuho reduced their price target on shares of EOG Resources from $156.00 to $148.00 and set an “outperform” rating on the stock in a research report on Monday. Wells Fargo & Company raised EOG Resources from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $147.00 to $150.00 in a research note on Tuesday. KeyCorp cut their price objective on EOG Resources from $157.00 to $150.00 and set an “overweight” rating for the company in a research report on Wednesday, October 16th. StockNews.com cut shares of EOG Resources from a “buy” rating to a “hold” rating in a research report on Saturday, November 16th. Finally, Citigroup lifted their price target on shares of EOG Resources from $127.00 to $134.00 and gave the company a “neutral” rating in a research report on Tuesday, November 26th. Fourteen investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $143.50.

EOG Resources Stock Performance

Shares of EOG opened at $118.22 on Friday. EOG Resources, Inc. has a 1 year low of $108.94 and a 1 year high of $139.67. The stock has a market capitalization of $66.49 billion, a PE ratio of 9.52, a PEG ratio of 3.39 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. The stock has a 50-day simple moving average of $128.39 and a 200-day simple moving average of $126.33.

EOG Resources declared that its board has initiated a stock buyback program on Thursday, November 7th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the energy exploration company to purchase up to 7% of its shares through open market purchases. Shares buyback programs are generally an indication 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. Shareholders of record on Friday, January 17th will be issued a dividend of $0.975 per share. This represents a $3.90 annualized dividend and a yield of 3.30%. The ex-dividend date of this dividend is Friday, January 17th. This is a boost from EOG Resources’s previous quarterly dividend of $0.91. EOG Resources’s payout ratio is 31.40%.

EOG Resources Company 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.