EOG Resources, Inc. (NYSE:EOG) Shares Purchased by LVM Capital Management Ltd. MI

LVM Capital Management Ltd. MI boosted its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 135.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 81,762 shares of the energy exploration company’s stock after buying an additional 46,991 shares during the quarter. EOG Resources comprises about 1.1% of LVM Capital Management Ltd. MI’s investment portfolio, making the stock its 29th biggest holding. LVM Capital Management Ltd. MI’s holdings in EOG Resources were worth $10,022,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Watts Gwilliam & Co. LLC lifted its stake in EOG Resources by 227.5% in the 4th quarter. Watts Gwilliam & Co. LLC now owns 5,689 shares of the energy exploration company’s stock valued at $726,000 after buying an additional 3,952 shares in the last quarter. Douglas Lane & Associates LLC lifted its position in shares of EOG Resources by 2.1% in the fourth quarter. Douglas Lane & Associates LLC now owns 511,493 shares of the energy exploration company’s stock valued at $62,699,000 after acquiring an additional 10,404 shares in the last quarter. Fulton Bank N.A. raised its stake in EOG Resources by 25.6% in the 4th quarter. Fulton Bank N.A. now owns 5,266 shares of the energy exploration company’s stock valued at $646,000 after purchasing an additional 1,073 shares during the last quarter. Norway Savings Bank lifted its holdings in EOG Resources by 5.1% in the 4th quarter. Norway Savings Bank now owns 8,373 shares of the energy exploration company’s stock valued at $1,026,000 after purchasing an additional 410 shares in the last quarter. Finally, Fortem Financial Group LLC boosted its stake in shares of EOG Resources by 1.8% during the 4th quarter. Fortem Financial Group LLC now owns 9,234 shares of the energy exploration company’s stock worth $1,132,000 after purchasing an additional 164 shares during the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

EOG Resources Stock Up 2.3 %

Shares of NYSE:EOG traded up $2.92 during mid-day trading on Friday, hitting $131.38. 2,957,966 shares of the company traded hands, compared to its average volume of 2,870,403. The firm has a market cap of $73.89 billion, a P/E ratio of 10.58, a PEG ratio of 3.37 and a beta of 1.29. EOG Resources, Inc. has a 52-week low of $108.94 and a 52-week high of $139.67. The firm’s 50 day simple moving average is $127.76 and its 200 day simple moving average is $126.64. 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 Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders 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 is an increase from EOG Resources’s previous quarterly dividend of $0.91. This represents a $3.90 annualized dividend and a dividend yield of 2.97%. EOG Resources’s dividend payout ratio is 29.31%.

EOG Resources announced that its board has initiated a stock buyback plan on Thursday, November 7th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the energy exploration company to purchase up to 7% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s management believes its stock is undervalued.

Insider Buying and Selling

In related news, Director Janet F. Clark sold 568 shares of EOG Resources stock in a transaction on Tuesday, November 19th. The shares were 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 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 Securities & Exchange Commission, which is accessible through this link. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the stock in a transaction 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 disclosure for this sale can be found here. 0.30% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on EOG. Barclays cut their price objective on shares of EOG Resources from $144.00 to $137.00 and set an “equal weight” rating for the company in a research report on Thursday, October 3rd. Wolfe Research upgraded EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 price target for the company in a report on Friday, January 3rd. Truist Financial raised their price objective on EOG Resources from $115.00 to $135.00 and gave the stock a “hold” rating in a report on Tuesday, November 12th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $150.00 target price on shares of EOG Resources in a research note on Monday. Finally, Mizuho decreased their price target on EOG Resources from $156.00 to $148.00 and set an “outperform” rating on the stock in a research note on Monday, December 16th. Thirteen research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, EOG Resources currently has an average rating of “Hold” and an average target price of $143.71.

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.