Nations Financial Group Inc. IA ADV Acquires 1,517 Shares of EOG Resources, Inc. (NYSE:EOG)

Nations Financial Group Inc. IA ADV lifted its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 24.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,604 shares of the energy exploration company’s stock after buying an additional 1,517 shares during the period. Nations Financial Group Inc. IA ADV’s holdings in EOG Resources were worth $935,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of EOG. Northwest Investment Counselors LLC purchased a new position in shares of EOG Resources during the third quarter valued at approximately $26,000. Riverview Trust Co purchased a new stake in EOG Resources during the 2nd quarter valued at $27,000. MFA Wealth Advisors LLC purchased a new position in shares of EOG Resources in the 2nd quarter worth $28,000. Eastern Bank bought a new stake in shares of EOG Resources in the third quarter worth $28,000. Finally, Gladius Capital Management LP purchased a new stake in EOG Resources during the second quarter valued at $30,000. 89.91% of the stock is currently owned by institutional investors.

EOG Resources Stock Performance

NYSE EOG opened at $133.10 on Wednesday. The stock has a market capitalization of $75.68 billion, a PE ratio of 10.72, a P/E/G ratio of 3.56 and a beta of 1.28. EOG Resources, Inc. has a 1-year low of $108.94 and a 1-year high of $139.67. The business has a 50 day simple moving average of $125.28 and a two-hundred day simple moving average of $125.94. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.12 and a quick ratio of 1.89.

EOG Resources Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be given a $0.975 dividend. This represents a $3.90 annualized dividend and a yield of 2.93%. The ex-dividend date is Friday, January 17th. This is a boost from EOG Resources’s previous quarterly dividend of $0.91. EOG Resources’s payout ratio is currently 29.31%.

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

Analyst Ratings Changes

EOG has been the topic of several research reports. Morgan Stanley dropped their target price on EOG Resources from $134.00 to $132.00 and set an “equal weight” rating on the stock in a research report on Monday, September 16th. Wolfe Research began coverage on shares of EOG Resources in a report on Thursday, July 18th. They set a “peer perform” rating for the company. Evercore ISI dropped 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. Benchmark restated a “hold” rating on shares of EOG Resources in a research note on Tuesday. Finally, UBS Group lowered their target price on EOG Resources from $167.00 to $154.00 and set a “buy” rating on the stock in a research report on Wednesday, September 18th. Thirteen equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $142.20.

Insider Activity at EOG Resources

In other news, EVP Michael P. Donaldson sold 11,037 shares of the business’s stock in a transaction dated 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 sale, the executive vice president now directly owns 74,250 shares in the company, valued at $9,615,375. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, EVP Michael P. Donaldson sold 11,037 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $129.50, for a total transaction of $1,429,291.50. Following the transaction, the executive vice president now owns 74,250 shares of the company’s stock, valued at approximately $9,615,375. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Charles R. Crisp sold 6,500 shares of the stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $125.60, for a total value of $816,400.00. Following the sale, the director now owns 60,892 shares in the company, valued at $7,648,035.20. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.30% of the stock is owned by insiders.

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.