180 Wealth Advisors LLC Sells 189 Shares of EOG Resources, Inc. (NYSE:EOG)

180 Wealth Advisors LLC reduced its position in shares of EOG Resources, Inc. (NYSE:EOG) by 4.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,673 shares of the energy exploration company’s stock after selling 189 shares during the period. 180 Wealth Advisors LLC’s holdings in EOG Resources were worth $450,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of EOG. Federated Hermes Inc. grew its position in shares of EOG Resources by 631.2% in the second quarter. Federated Hermes Inc. now owns 94,590 shares of the energy exploration company’s stock valued at $11,906,000 after purchasing an additional 81,654 shares during the last quarter. Parallel Advisors LLC boosted its holdings in EOG Resources by 3.3% in the 2nd quarter. Parallel Advisors LLC now owns 5,888 shares of the energy exploration company’s stock valued at $741,000 after purchasing an additional 186 shares during the period. Plato Investment Management Ltd grew its position in EOG Resources by 185.4% in the 2nd quarter. Plato Investment Management Ltd now owns 1,627 shares of the energy exploration company’s stock worth $205,000 after purchasing an additional 1,057 shares during the last quarter. Citizens Financial Group Inc. RI increased its holdings in shares of EOG Resources by 9.5% during the 2nd quarter. Citizens Financial Group Inc. RI now owns 3,204 shares of the energy exploration company’s stock worth $403,000 after purchasing an additional 278 shares during the period. Finally, Axxcess Wealth Management LLC raised its position in shares of EOG Resources by 0.6% during the second quarter. Axxcess Wealth Management LLC now owns 18,237 shares of the energy exploration company’s stock valued at $2,295,000 after buying an additional 105 shares during the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at EOG Resources

In other EOG Resources news, Director Janet F. Clark sold 568 shares of the business’s stock in a transaction dated 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 sale, the director now directly owns 43,532 shares of the company’s stock, valued at approximately $5,891,185.56. The trade was a 1.29 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the company’s stock in a transaction dated 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 approximately $5,162,365.67. The trade was a 8.56 % 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.

Wall Street Analysts Forecast Growth

EOG has been the topic of a number of recent research reports. Scotiabank decreased their target price on EOG Resources from $150.00 to $140.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 10th. Wolfe Research raised EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 price objective on the stock in a report on Friday, January 3rd. Royal Bank of Canada restated a “sector perform” rating and issued a $150.00 target price on shares of EOG Resources in a research note on Monday, January 6th. Evercore ISI decreased their price target on shares of EOG Resources from $150.00 to $145.00 and set an “outperform” rating on the stock in a research note on Monday, September 30th. Finally, UBS Group dropped their price objective on shares of EOG Resources from $167.00 to $154.00 and set a “buy” rating for the company in a research note on Wednesday, September 18th. Thirteen investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, EOG Resources has an average rating of “Hold” and a consensus price target of $143.48.

EOG Resources Price Performance

EOG Resources stock opened at $135.91 on Wednesday. EOG Resources, Inc. has a 52 week low of $108.94 and a 52 week high of $139.67. The firm has a market cap of $76.44 billion, a P/E ratio of 10.94, a P/E/G ratio of 3.37 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 business’s fifty day moving average is $128.48 and its two-hundred day moving average is $126.84.

EOG Resources declared that its Board of Directors has authorized a stock buyback plan 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 purchase up to 7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

EOG Resources Increases Dividend

The business also recently disclosed 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. The ex-dividend date is Friday, January 17th. This represents a $3.90 dividend on an annualized basis and a yield of 2.87%. This is a positive change from EOG Resources’s previous quarterly dividend of $0.91. EOG Resources’s dividend payout ratio is currently 31.40%.

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.