Wilmington Savings Fund Society FSB increased its stake in EOG Resources, Inc. (NYSE:EOG - Free Report) by 26.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 71,766 shares of the energy exploration company's stock after acquiring an additional 15,186 shares during the period. Wilmington Savings Fund Society FSB's holdings in EOG Resources were worth $8,822,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of the stock. Swedbank AB boosted its holdings in EOG Resources by 3,078.4% in the second quarter. Swedbank AB now owns 96,306 shares of the energy exploration company's stock valued at $12,122,000 after acquiring an additional 93,276 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of EOG Resources by 35.8% during the 2nd quarter. Assenagon Asset Management S.A. now owns 425,265 shares of the energy exploration company's stock valued at $53,528,000 after purchasing an additional 112,017 shares in the last quarter. Triad Wealth Partners LLC purchased a new position in shares of EOG Resources during the second quarter valued at about $35,000. Miracle Mile Advisors LLC raised its stake in EOG Resources by 14.1% in the second quarter. Miracle Mile Advisors LLC now owns 6,287 shares of the energy exploration company's stock worth $791,000 after buying an additional 777 shares in the last quarter. Finally, Blue Trust Inc. lifted its holdings in EOG Resources by 63.8% in the second quarter. Blue Trust Inc. now owns 8,104 shares of the energy exploration company's stock worth $1,036,000 after buying an additional 3,157 shares during the period. 89.91% of the stock is currently owned by hedge funds and other institutional investors.
Shares of EOG Resources stock opened at $126.60 on Friday. EOG Resources, Inc. has a 1-year low of $108.94 and a 1-year high of $139.67. The company's fifty day simple moving average is $129.36 and its 200-day simple moving average is $126.37. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. The stock has a market capitalization of $71.21 billion, a PE ratio of 10.19, a P/E/G ratio of 3.39 and a beta of 1.29.
The business also recently declared 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. This represents a $3.90 annualized dividend and a yield of 3.08%. The ex-dividend date of this dividend is Friday, January 17th. This is a positive change 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 of Directors has initiated a share buyback program on Thursday, November 7th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the energy exploration company to buy up to 7% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's board believes its stock is undervalued.
A number of research analysts have weighed in on EOG shares. Wells Fargo & Company upped their target price on EOG Resources from $135.00 to $147.00 and gave the stock an "equal weight" rating in a report on Thursday, November 21st. Susquehanna cut their price objective on shares of EOG Resources from $159.00 to $158.00 and set a "positive" rating on the stock in a report on Wednesday, September 4th. StockNews.com downgraded EOG Resources from a "buy" rating to a "hold" rating in a report on Saturday, November 16th. Benchmark restated a "hold" rating on shares of EOG Resources in a report on Tuesday, November 12th. Finally, Citigroup upped their price target on shares of EOG Resources from $127.00 to $134.00 and gave the stock a "neutral" rating in a research note on Tuesday, November 26th. Fifteen equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, EOG Resources presently has an average rating of "Hold" and a consensus price target of $144.20.
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In related news, Director Janet F. Clark sold 568 shares of the stock in a transaction that occurred 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 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 legal filing with the SEC, which can be accessed through this link. Company insiders own 0.30% of the company's stock.
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.
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