EOG Resources, Inc. (NYSE:EOG) Shares Acquired by Icon Wealth Advisors LLC

Icon Wealth Advisors LLC lifted its position in EOG Resources, Inc. (NYSE:EOG) by 2.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,412 shares of the energy exploration company’s stock after purchasing an additional 532 shares during the period. Icon Wealth Advisors LLC’s holdings in EOG Resources were worth $2,755,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Northwest Investment Counselors LLC acquired a new position in shares of EOG Resources during the 3rd quarter valued at about $26,000. Riverview Trust Co acquired a new stake in shares of EOG Resources during the 2nd quarter worth about $27,000. MFA Wealth Advisors LLC purchased a new stake in EOG Resources in the 2nd quarter valued at about $28,000. Eastern Bank acquired a new position in shares of EOG Resources in the 3rd quarter worth approximately $28,000. Finally, Gladius Capital Management LP purchased a new position in shares of EOG Resources during the second quarter worth $30,000. 89.91% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at EOG Resources

In other news, Director Janet F. Clark sold 568 shares of the business’s stock in a transaction on Tuesday, November 19th. The stock was 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 directly owns 43,532 shares of the company’s stock, valued at $5,891,185.56. The trade was a 1.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

EOG has been the subject of several research reports. Raymond James boosted their price target on shares of EOG Resources from $156.00 to $167.00 and gave the stock a “strong-buy” rating in a research note on Thursday, November 21st. Morgan Stanley cut their price target on EOG Resources from $134.00 to $132.00 and set an “equal weight” rating on the stock in a report on Monday, September 16th. StockNews.com cut EOG Resources from a “buy” rating to a “hold” rating in a research note on Saturday, November 16th. Barclays cut their target price on shares of EOG Resources from $144.00 to $137.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 3rd. Finally, Piper Sandler cut shares of EOG Resources from an “overweight” rating to a “neutral” rating and boosted their price target for the stock from $147.00 to $149.00 in a report on Monday, November 18th. Fifteen investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $144.20.

EOG Resources Stock Performance

NYSE:EOG opened at $133.09 on Friday. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $74.86 billion, a P/E ratio of 10.72, a price-to-earnings-growth ratio of 3.54 and a beta of 1.28. The firm has a 50-day moving average price of $128.67 and a two-hundred day moving average price of $126.27. EOG Resources, Inc. has a twelve month low of $108.94 and a twelve month high of $139.67.

EOG Resources declared that its board has initiated a share buyback plan on Thursday, November 7th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the energy exploration company to purchase up to 7% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

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. This is an increase from EOG Resources’s previous quarterly dividend of $0.91. This represents a $3.90 annualized dividend and a dividend yield of 2.93%. The ex-dividend date is Friday, January 17th. EOG Resources’s payout ratio is currently 29.31%.

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.