Crossmark Global Holdings Inc. Sells 8,875 Shares of EOG Resources, Inc. (NYSE:EOG)

Crossmark Global Holdings Inc. lessened its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 31.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 19,709 shares of the energy exploration company’s stock after selling 8,875 shares during the period. Crossmark Global Holdings Inc.’s holdings in EOG Resources were worth $2,416,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. AQR Capital Management LLC raised its position in EOG Resources by 33.5% in the 2nd quarter. AQR Capital Management LLC now owns 1,004,001 shares of the energy exploration company’s stock valued at $126,374,000 after buying an additional 252,125 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in EOG Resources by 2.2% in the second quarter. Ameriprise Financial Inc. now owns 12,311,541 shares of the energy exploration company’s stock valued at $1,549,098,000 after acquiring an additional 260,727 shares during the last quarter. Decatur Capital Management Inc. lifted its stake in EOG Resources by 2.7% in the second quarter. Decatur Capital Management Inc. now owns 11,693 shares of the energy exploration company’s stock valued at $1,472,000 after purchasing an additional 302 shares during the last quarter. Daymark Wealth Partners LLC grew its stake in shares of EOG Resources by 5.5% during the 2nd quarter. Daymark Wealth Partners LLC now owns 11,289 shares of the energy exploration company’s stock worth $1,421,000 after acquiring an additional 590 shares during the period. Finally, MBB Public Markets I LLC lifted its holdings in EOG Resources by 765.4% during the second quarter. MBB Public Markets I LLC now owns 45,822 shares of the energy exploration company’s stock valued at $5,768,000 after purchasing an additional 40,527 shares during the last quarter. Institutional investors own 89.91% of the company’s stock.

EOG Resources Price Performance

Shares of NYSE:EOG opened at $133.91 on Friday. The firm’s 50 day simple moving average is $129.09 and its two-hundred day simple moving average is $127.27. EOG Resources, Inc. has a 1-year low of $108.94 and a 1-year high of $139.67. The company has a market capitalization of $75.32 billion, a P/E ratio of 10.78, a P/E/G ratio of 3.76 and a beta of 1.29. 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 (NYSE:EOG) last announced its quarterly earnings results on Thursday, November 7th. The energy exploration company reported $2.89 EPS for the quarter, topping the consensus estimate of $2.73 by $0.16. The business had revenue of $5.97 billion for the quarter, compared to analysts’ expectations of $6.03 billion. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. During the same quarter in the previous year, the company earned $3.44 EPS. Research analysts expect that EOG Resources, Inc. will post 11.45 EPS for the current fiscal year.

EOG Resources announced that its board has authorized a share buyback program 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 reacquire up to 7% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.

EOG Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be paid a $0.975 dividend. The ex-dividend date is Friday, January 17th. This represents a $3.90 annualized dividend and a yield of 2.91%. This is an increase from EOG Resources’s previous quarterly dividend of $0.91. EOG Resources’s dividend payout ratio (DPR) is presently 31.40%.

Insider Activity at EOG Resources

In other news, Director Janet F. Clark sold 568 shares of the business’s stock in a transaction dated 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 value of $483,560.00. Following the sale, the chief operating officer now owns 42,703 shares of the company’s stock, valued at approximately $5,162,365.67. This represents a 8.56 % decrease in their position. The disclosure for this sale can be found here. 0.30% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Raymond James increased their target price on EOG Resources from $167.00 to $175.00 and gave the stock a “strong-buy” rating in a research report on Thursday. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $150.00 price objective on shares of EOG Resources in a report on Monday, January 6th. Wells Fargo & Company raised EOG Resources from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $147.00 to $150.00 in a research note on Tuesday, December 17th. 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 research note on Friday, January 3rd. Finally, Truist Financial lifted their target price on shares of EOG Resources from $135.00 to $137.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. Thirteen analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $143.86.

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.