Doliver Advisors LP Sells 2,133 Shares of EOG Resources, Inc. (NYSE:EOG)

Doliver Advisors LP cut its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 12.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 14,473 shares of the energy exploration company’s stock after selling 2,133 shares during the quarter. Doliver Advisors LP’s holdings in EOG Resources were worth $1,774,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of EOG. Insight Inv LLC increased its position in EOG Resources by 0.8% during the 3rd quarter. Insight Inv LLC now owns 9,385 shares of the energy exploration company’s stock valued at $1,154,000 after purchasing an additional 75 shares during the period. Cape ANN Savings Bank raised its stake in EOG Resources by 0.9% in the third quarter. Cape ANN Savings Bank now owns 8,679 shares of the energy exploration company’s stock worth $1,067,000 after buying an additional 79 shares in the last quarter. Everpar Advisors LLC lifted its holdings in EOG Resources by 3.6% during the third quarter. Everpar Advisors LLC now owns 2,380 shares of the energy exploration company’s stock worth $293,000 after buying an additional 83 shares during the period. Altman Advisors Inc. boosted its position in EOG Resources by 0.7% during the 2nd quarter. Altman Advisors Inc. now owns 12,731 shares of the energy exploration company’s stock valued at $1,603,000 after acquiring an additional 85 shares in the last quarter. Finally, X Square Capital LLC increased its holdings in shares of EOG Resources by 2.7% in the 2nd quarter. X Square Capital LLC now owns 3,236 shares of the energy exploration company’s stock valued at $407,000 after acquiring an additional 86 shares during the period. Institutional investors own 89.91% of the company’s stock.

Insider Transactions at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $120.89, for a total transaction of $483,560.00. Following the sale, the chief operating officer now directly owns 42,703 shares in the company, valued at $5,162,365.67. This trade represents a 8.56 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Janet F. Clark sold 568 shares of EOG Resources 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 transaction, the director now 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 disclosure for this sale can be found here. Corporate insiders own 0.30% of the company’s stock.

EOG Resources Stock Performance

Shares of EOG stock traded up $0.25 on Monday, hitting $126.82. The company had a trading volume of 1,696,395 shares, compared to its average volume of 2,515,222. The firm has a market cap of $71.33 billion, a P/E ratio of 10.21, a price-to-earnings-growth ratio of 3.39 and a beta of 1.29. EOG Resources, Inc. has a twelve month low of $108.94 and a twelve month high of $139.67. The company has a 50-day moving average price of $127.25 and a 200-day moving average price of $126.54. 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 declared that its board has initiated a stock buyback plan on Thursday, November 7th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the energy exploration company to purchase up to 7% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

EOG Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be given a $0.975 dividend. This represents a $3.90 annualized dividend and a yield of 3.08%. The ex-dividend date is Friday, January 17th. This is a positive change from EOG Resources’s previous quarterly dividend of $0.91. EOG Resources’s dividend payout ratio is currently 31.40%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on EOG. KeyCorp decreased their price objective on EOG Resources from $157.00 to $150.00 and set an “overweight” rating for the company in a research note on Wednesday, October 16th. Raymond James raised their price target on shares of EOG Resources from $156.00 to $167.00 and gave the company a “strong-buy” rating in a report on Thursday, November 21st. StockNews.com lowered shares of EOG Resources from a “buy” rating to a “hold” rating in a research note on Friday. Evercore ISI lowered their target price on shares of EOG Resources from $150.00 to $145.00 and set an “outperform” rating for the company in a research note on Monday, September 30th. Finally, Scotiabank reduced their price target on EOG Resources from $150.00 to $140.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 10th. Thirteen investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $143.71.

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.