DMC Group LLC Has $1.17 Million Stock Position in EOG Resources, Inc. (NYSE:EOG)

DMC Group LLC boosted its holdings in EOG Resources, Inc. (NYSE:EOG) by 1.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 9,546 shares of the energy exploration company’s stock after acquiring an additional 129 shares during the quarter. DMC Group LLC’s holdings in EOG Resources were worth $1,170,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Franklin Resources Inc. lifted its stake in EOG Resources by 64.7% in the 3rd quarter. Franklin Resources Inc. now owns 5,284,228 shares of the energy exploration company’s stock valued at $694,717,000 after purchasing an additional 2,076,134 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in shares of EOG Resources by 856.7% during the 3rd quarter. Fisher Asset Management LLC now owns 1,200,851 shares of the energy exploration company’s stock valued at $147,621,000 after acquiring an additional 1,075,334 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in EOG Resources during the 2nd quarter worth $106,990,000. Assenagon Asset Management S.A. raised its position in EOG Resources by 577.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 696,596 shares of the energy exploration company’s stock valued at $85,389,000 after purchasing an additional 593,823 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of EOG Resources by 42.8% during the third quarter. Victory Capital Management Inc. now owns 1,113,429 shares of the energy exploration company’s stock valued at $136,874,000 after purchasing an additional 333,947 shares in the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

Insider Activity at EOG Resources

In other EOG Resources news, Director Janet F. Clark sold 568 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $135.33, for a total transaction of $76,867.44. Following the transaction, the director now directly owns 43,532 shares in the company, valued at approximately $5,891,185.56. This trade represents a 1.29 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $120.89, for a total transaction of $483,560.00. Following the transaction, the chief operating officer now directly owns 42,703 shares in the company, valued at $5,162,365.67. This represents a 8.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.30% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on EOG. Barclays lowered their price objective on EOG Resources from $144.00 to $137.00 and set an “equal weight” rating for the company in a research note on Thursday, October 3rd. Bank of America reaffirmed a “neutral” rating and set a $144.00 price target (down previously from $151.00) on shares of EOG Resources in a research note on Monday, January 13th. Royal Bank of Canada reissued a “sector perform” rating and issued a $150.00 price objective on shares of EOG Resources in a research note on Monday, January 6th. Raymond James raised 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, January 23rd. Finally, Piper Sandler lifted their target price on EOG Resources from $140.00 to $141.00 and gave the stock a “neutral” rating in a report on Wednesday. Thirteen investment 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 company currently has an average rating of “Hold” and an average target price of $143.90.

EOG Resources Stock Performance

Shares of EOG Resources stock opened at $130.23 on Thursday. The business has a 50-day simple moving average of $128.82 and a 200 day simple moving average of $127.41. EOG Resources, Inc. has a one year low of $108.94 and a one year high of $139.67. 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 firm has a market capitalization of $73.25 billion, a price-to-earnings ratio of 10.49, a PEG ratio of 3.68 and a beta of 1.29.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Thursday, November 7th. The energy exploration company reported $2.89 EPS for the quarter, beating the consensus estimate of $2.73 by $0.16. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. The firm had revenue of $5.97 billion during the quarter, compared to the consensus estimate of $6.03 billion. During the same quarter in the previous year, the company posted $3.44 earnings per share. On average, research analysts anticipate that EOG Resources, Inc. will post 11.45 earnings per share for the current fiscal year.

EOG Resources declared that its board has approved a stock buyback program on Thursday, November 7th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the energy exploration company to reacquire up to 7% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

EOG Resources Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be issued a $0.975 dividend. This represents a $3.90 dividend on an annualized basis and a dividend yield of 2.99%. 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%.

About EOG Resources

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.