EOG Resources, Inc. (NYSE:EOG) Shares Bought by TD Private Client Wealth LLC

TD Private Client Wealth LLC increased its stake in EOG Resources, Inc. (NYSE:EOG) by 3.2% in the third quarter, Holdings Channel.com reports. The institutional investor owned 5,705 shares of the energy exploration company’s stock after purchasing an additional 178 shares during the quarter. TD Private Client Wealth LLC’s holdings in EOG Resources were worth $701,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Northwest Investment Counselors LLC acquired a new stake in EOG Resources in the third quarter valued at approximately $26,000. MFA Wealth Advisors LLC purchased a new position in shares of EOG Resources in the second quarter valued at $28,000. Eastern Bank acquired a new stake in EOG Resources during the 3rd quarter valued at $28,000. Gladius Capital Management LP purchased a new stake in EOG Resources during the 2nd quarter worth $30,000. Finally, Capital Performance Advisors LLP acquired a new position in EOG Resources in the 3rd quarter worth $31,000. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

EOG has been the subject of several recent analyst reports. StockNews.com downgraded EOG Resources from a “buy” rating to a “hold” rating in a research note on Saturday, November 16th. Morgan Stanley lowered 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. Susquehanna cut their target price on EOG Resources from $159.00 to $158.00 and set a “positive” rating on the stock in a research report on Wednesday, September 4th. Raymond James raised their price target on shares of EOG Resources from $156.00 to $167.00 and gave the stock a “strong-buy” rating in a research report on Thursday, November 21st. Finally, Evercore ISI dropped their price target on shares of EOG Resources from $150.00 to $145.00 and set an “outperform” rating for the company in a research note on Monday, September 30th. 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’s stock. Based on data from MarketBeat.com, EOG Resources has a consensus rating of “Hold” and an average price target of $144.20.

EOG Resources Trading Up 0.2 %

NYSE:EOG opened at $126.78 on Friday. The firm has a market capitalization of $71.31 billion, a P/E ratio of 10.21, a P/E/G ratio of 3.39 and a beta of 1.29. The business has a 50 day simple moving average of $129.23 and a 200 day simple moving average of $126.40. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. EOG Resources, Inc. has a 12-month low of $108.94 and a 12-month high of $139.67.

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 issued a dividend of $0.975 per share. This is an increase from EOG Resources’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Friday, January 17th. This represents a $3.90 annualized dividend and a dividend yield of 3.08%. EOG Resources’s payout ratio is 29.31%.

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 shares. This repurchase authorization allows the energy exploration company to buy up to 7% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

Insider Transactions at EOG Resources

In other news, Director Janet F. Clark sold 568 shares of the business’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 transaction of $76,867.44. Following the completion of the transaction, the director now directly 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 filing with the SEC, which is accessible through the SEC website. 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.