Simmons Bank Boosts Holdings in EOG Resources, Inc. (NYSE:EOG)

Simmons Bank grew its position in shares of EOG Resources, Inc. (NYSE:EOG) by 28.2% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,368 shares of the energy exploration company’s stock after buying an additional 2,062 shares during the quarter. Simmons Bank’s holdings in EOG Resources were worth $1,152,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. UniSuper Management Pty Ltd raised its holdings in EOG Resources by 228.4% during the first quarter. UniSuper Management Pty Ltd now owns 15,626 shares of the energy exploration company’s stock worth $1,998,000 after purchasing an additional 10,868 shares in the last quarter. University of Texas Texas AM Investment Management Co. raised its stake in shares of EOG Resources by 3,976.8% during 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 in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in shares of EOG Resources by 23.3% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 25,102 shares of the energy exploration company’s stock valued at $3,209,000 after buying an additional 4,749 shares during the period. Sequoia Financial Advisors LLC boosted its stake in shares of EOG Resources by 44.2% in the third quarter. Sequoia Financial Advisors LLC now owns 10,603 shares of the energy exploration company’s stock valued at $1,303,000 after buying an additional 3,251 shares in the last quarter. Finally, Canada Pension Plan Investment Board grew its holdings in EOG Resources by 67.3% during the first quarter. Canada Pension Plan Investment Board now owns 843,682 shares of the energy exploration company’s stock worth $107,856,000 after acquiring an additional 339,480 shares during the period. Institutional investors and hedge funds own 89.91% of the company’s stock.

Wall Street Analyst Weigh In

EOG has been the subject of a number of recent analyst reports. Wells Fargo & Company reduced their target price on EOG Resources from $140.00 to $135.00 and set an “equal weight” rating for the company in a report on Tuesday, October 1st. Piper Sandler decreased their price objective on shares of EOG Resources from $154.00 to $147.00 and set an “overweight” rating on the stock in a report on Thursday, August 15th. StockNews.com raised shares of EOG Resources from a “hold” rating to a “buy” rating in a report on Friday, November 8th. Sanford C. Bernstein decreased their price target on EOG Resources from $139.00 to $125.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 17th. Finally, Wolfe Research initiated coverage on EOG Resources in a research note on Thursday, July 18th. They issued a “peer perform” rating for the company. Thirteen analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $142.20.

EOG Resources Stock Performance

NYSE:EOG opened at $134.34 on Thursday. 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 firm has a market cap of $75.56 billion, a PE ratio of 10.82, a P/E/G ratio of 3.53 and a beta of 1.28. The firm has a 50 day simple moving average of $125.47 and a 200-day simple moving average of $125.92. EOG Resources, Inc. has a 1-year low of $108.94 and a 1-year high of $139.67.

EOG Resources Increases Dividend

The firm 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 $0.975 dividend. The ex-dividend date is Friday, January 17th. This is an increase from EOG Resources’s previous quarterly dividend of $0.91. This represents a $3.90 annualized dividend and a yield of 2.90%. EOG Resources’s payout ratio is 29.31%.

EOG Resources announced that its board has approved a share repurchase program on Thursday, November 7th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the energy exploration company to purchase up to 7% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Insiders Place Their Bets

In related news, Director Charles R. Crisp sold 6,500 shares of the company’s 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 completion of the transaction, the director now directly owns 60,892 shares in the company, valued at approximately $7,648,035.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, EVP Michael P. Donaldson sold 11,037 shares of the business’s stock in a transaction that occurred 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 sale, the executive vice president now directly owns 74,250 shares in the company, valued at approximately $9,615,375. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Charles R. Crisp sold 6,500 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $125.60, for a total transaction of $816,400.00. Following the transaction, the director now directly owns 60,892 shares in the company, valued at approximately $7,648,035.20. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.30% of the company’s stock.

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.