EOG Resources, Inc. (NYSE:EOG) Shares Purchased by Greenfield Savings Bank

Greenfield Savings Bank raised its holdings in EOG Resources, Inc. (NYSE:EOG) by 9.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,449 shares of the energy exploration company’s stock after buying an additional 298 shares during the quarter. Greenfield Savings Bank’s holdings in EOG Resources were worth $423,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. DRW Securities LLC grew its holdings in EOG Resources by 98.6% in the third quarter. DRW Securities LLC now owns 26,838 shares of the energy exploration company’s stock valued at $3,299,000 after purchasing an additional 13,324 shares during the period. Caprock Group LLC grew its stake in shares of EOG Resources by 7.7% during the 3rd quarter. Caprock Group LLC now owns 12,112 shares of the energy exploration company’s stock valued at $1,489,000 after buying an additional 862 shares during the period. World Investment Advisors LLC acquired a new stake in shares of EOG Resources during the 3rd quarter worth $730,000. University of Texas Texas AM Investment Management Co. raised its position in shares of EOG Resources by 3,976.8% in the 2nd quarter. University of Texas Texas AM Investment Management Co. now owns 10,885 shares of the energy exploration company’s stock worth $1,370,000 after buying an additional 10,618 shares during the period. Finally, KBC Group NV boosted its holdings in EOG Resources by 11.4% in the third quarter. KBC Group NV now owns 119,132 shares of the energy exploration company’s stock valued at $14,645,000 after acquiring an additional 12,210 shares during the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Bank of America restated a “neutral” rating and set a $144.00 price target (down from $151.00) on shares of EOG Resources in a research note on Monday. Royal Bank of Canada reissued a “sector perform” rating and set a $150.00 target price on shares of EOG Resources in a research report on Monday, January 6th. Raymond James lifted their price target on shares of EOG Resources from $156.00 to $167.00 and gave the company a “strong-buy” rating in a research report on Thursday, November 21st. Benchmark reissued a “hold” rating on shares of EOG Resources in a research report on Monday. Finally, Wolfe Research upgraded shares of EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 target price on the stock in a report on Friday, January 3rd. Thirteen analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, EOG Resources presently has a consensus rating of “Hold” and a consensus price target of $143.48.

Insider Activity

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

EOG Resources Stock Performance

Shares of EOG opened at $134.51 on Tuesday. 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 1 year low of $108.94 and a 1 year high of $139.67. The firm has a fifty day moving average of $128.21 and a 200-day moving average of $126.77. The company has a market cap of $75.66 billion, a price-to-earnings ratio of 10.83, a price-to-earnings-growth ratio of 3.37 and a beta of 1.29.

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 paid a $0.975 dividend. The ex-dividend date of this dividend is Friday, January 17th. This represents a $3.90 annualized dividend and a dividend yield of 2.90%. This is a positive change from EOG Resources’s previous quarterly dividend of $0.91. EOG Resources’s dividend payout ratio (DPR) is presently 31.40%.

EOG Resources declared that its board has initiated a stock buyback program on Thursday, November 7th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the energy exploration company to reacquire up to 7% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

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.