EOG Resources, Inc. (NYSE:EOG) Shares Sold by MassMutual Private Wealth & Trust FSB

MassMutual Private Wealth & Trust FSB trimmed its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 24.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,167 shares of the energy exploration company’s stock after selling 7,777 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in EOG Resources were worth $2,962,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of EOG. Sei Investments Co. boosted its position in EOG Resources by 0.4% during the second quarter. Sei Investments Co. now owns 301,099 shares of the energy exploration company’s stock worth $37,900,000 after purchasing an additional 1,120 shares in the last quarter. Thrivent Financial for Lutherans boosted its position in shares of EOG Resources by 0.7% in the 2nd quarter. Thrivent Financial for Lutherans now owns 242,948 shares of the energy exploration company’s stock worth $30,580,000 after buying an additional 1,787 shares in the last quarter. ProShare Advisors LLC grew its stake in EOG Resources by 7.6% in the 2nd quarter. ProShare Advisors LLC now owns 111,102 shares of the energy exploration company’s stock valued at $13,984,000 after acquiring an additional 7,873 shares during the last quarter. Frank Rimerman Advisors LLC increased its holdings in EOG Resources by 400.5% during the 2nd quarter. Frank Rimerman Advisors LLC now owns 2,953 shares of the energy exploration company’s stock valued at $372,000 after acquiring an additional 2,363 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in EOG Resources by 2.1% during the second quarter. EverSource Wealth Advisors LLC now owns 6,078 shares of the energy exploration company’s stock worth $771,000 after acquiring an additional 125 shares during the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Trading Down 1.0 %

NYSE:EOG opened at $136.70 on Tuesday. The business’s 50-day moving average is $128.96 and its two-hundred day moving average is $127.07. The firm has a market capitalization 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, Inc. has a 12 month low of $108.94 and a 12 month 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.

EOG Resources declared that its Board of Directors has approved a share 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 reacquire up to 7% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its stock is undervalued.

EOG Resources Increases Dividend

The business 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 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 2.85%. The ex-dividend date of this dividend is Friday, January 17th. EOG Resources’s dividend payout ratio (DPR) is presently 31.40%.

Insiders Place Their Bets

In other EOG Resources news, Director Janet F. Clark sold 568 shares of the business’s stock in a transaction 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 transaction, the director now owns 43,532 shares in the company, valued at $5,891,185.56. The trade was a 1.29 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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 completion of the transaction, the chief operating officer now directly owns 42,703 shares of the company’s stock, valued at approximately $5,162,365.67. The trade was 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 company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on EOG. Royal Bank of Canada reissued a “sector perform” rating and set a $150.00 price objective on shares of EOG Resources in a research note on Monday, January 6th. Bank of America reissued a “neutral” rating and set a $144.00 price target (down previously from $151.00) on shares of EOG Resources in a research report on Monday, January 13th. Wells Fargo & Company upgraded EOG Resources from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $147.00 to $150.00 in a research report on Tuesday, December 17th. Scotiabank dropped their price objective on EOG Resources from $150.00 to $140.00 and set a “sector perform” rating for the company in a research report on Thursday, October 10th. Finally, Truist Financial boosted their target price on shares of EOG Resources from $135.00 to $137.00 and gave the company a “hold” rating in a research note on Monday, January 13th. Thirteen 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. According to data from MarketBeat.com, EOG Resources presently has a consensus rating of “Hold” and a consensus target price of $143.48.

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.