Clarius Group LLC Raises Holdings in EOG Resources, Inc. (NYSE:EOG)

Clarius Group LLC raised its position in shares of EOG Resources, Inc. (NYSE:EOG) by 4.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,846 shares of the energy exploration company’s stock after acquiring an additional 260 shares during the period. Clarius Group LLC’s holdings in EOG Resources were worth $717,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Seven Eight Capital LP raised its holdings in EOG Resources by 87.7% in the second quarter. Seven Eight Capital LP now owns 4,949 shares of the energy exploration company’s stock valued at $623,000 after buying an additional 2,313 shares during the period. Intech Investment Management LLC increased its position in shares of EOG Resources by 23.7% in the second quarter. Intech Investment Management LLC now owns 61,304 shares of the energy exploration company’s stock worth $7,716,000 after acquiring an additional 11,752 shares in the last quarter. Brighton Jones LLC raised its stake in shares of EOG Resources by 3.1% in the 2nd quarter. Brighton Jones LLC now owns 7,044 shares of the energy exploration company’s stock valued at $887,000 after acquiring an additional 215 shares during the period. Ieq Capital LLC lifted its holdings in shares of EOG Resources by 9.6% during the 2nd quarter. Ieq Capital LLC now owns 21,844 shares of the energy exploration company’s stock valued at $2,750,000 after acquiring an additional 1,915 shares in the last quarter. Finally, Pacer Advisors Inc. increased its holdings in EOG Resources by 6.6% in the 2nd quarter. Pacer Advisors Inc. now owns 4,123,823 shares of the energy exploration company’s stock valued at $519,066,000 after purchasing an additional 255,721 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on EOG. Piper Sandler dropped their price target on shares of EOG Resources from $149.00 to $140.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 17th. Wolfe Research upgraded EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 price objective for the company in a research report on Friday, January 3rd. Truist Financial upped their target price on shares of EOG Resources from $135.00 to $137.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. Wells Fargo & Company raised EOG Resources from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $147.00 to $150.00 in a report on Tuesday, December 17th. Finally, Mizuho dropped their target price on EOG Resources from $156.00 to $148.00 and set an “outperform” rating on the stock in a report on Monday, December 16th. 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.com, the company has an average rating of “Hold” and an average price target of $143.48.

EOG Resources Stock Performance

Shares of EOG Resources stock opened at $136.70 on Friday. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. EOG Resources, Inc. has a 12 month low of $108.94 and a 12 month high of $139.67. The business has a fifty day simple moving average of $128.96 and a 200-day simple moving average of $127.06. The stock has a market cap of $76.89 billion, a PE ratio of 11.01, a price-to-earnings-growth ratio of 3.63 and a beta of 1.29.

EOG Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be given a dividend of $0.975 per share. 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 dividend on an annualized basis and a yield of 2.85%. EOG Resources’s payout ratio is presently 29.31%.

EOG Resources announced that its board has authorized a stock repurchase plan on Thursday, November 7th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the energy exploration company to repurchase up to 7% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Insider Transactions at EOG Resources

In related news, Director Janet F. Clark sold 568 shares of the company’s stock in a transaction on Tuesday, November 19th. The shares were 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. This represents a 1.29 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 sale, the chief operating officer now owns 42,703 shares of the company’s stock, 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. 0.20% of the stock is currently owned by company 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.