Pacer Advisors Inc. Purchases 214,497 Shares of EOG Resources, Inc. (NYSE:EOG)

Pacer Advisors Inc. grew its position in EOG Resources, Inc. (NYSE:EOG) by 5.0% in the fourth quarter, HoldingsChannel reports. The fund owned 4,469,142 shares of the energy exploration company’s stock after acquiring an additional 214,497 shares during the quarter. EOG Resources accounts for about 1.2% of Pacer Advisors Inc.’s portfolio, making the stock its 8th largest position. Pacer Advisors Inc.’s holdings in EOG Resources were worth $547,827,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. Hunter Perkins Capital Management LLC lifted its holdings in EOG Resources by 2.1% during the fourth quarter. Hunter Perkins Capital Management LLC now owns 62,435 shares of the energy exploration company’s stock valued at $7,653,000 after purchasing an additional 1,285 shares in the last quarter. United Asset Strategies Inc. lifted its stake in EOG Resources by 9.1% in the 4th quarter. United Asset Strategies Inc. now owns 6,627 shares of the energy exploration company’s stock valued at $812,000 after buying an additional 555 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new stake in EOG Resources in the 4th quarter worth about $123,000. Capital Asset Advisory Services LLC increased its stake in EOG Resources by 5.4% during the 4th quarter. Capital Asset Advisory Services LLC now owns 15,840 shares of the energy exploration company’s stock worth $2,005,000 after buying an additional 810 shares in the last quarter. Finally, Blue Trust Inc. raised its holdings in shares of EOG Resources by 9.4% during the fourth quarter. Blue Trust Inc. now owns 11,763 shares of the energy exploration company’s stock valued at $1,446,000 after acquiring an additional 1,015 shares during the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

EOG Resources Stock Down 1.7 %

Shares of NYSE:EOG opened at $131.73 on Monday. The firm’s 50-day moving average is $129.01 and its two-hundred day moving average is $127.37. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. EOG Resources, Inc. has a 1 year low of $108.94 and a 1 year high of $139.67. The firm has a market capitalization of $74.09 billion, a PE ratio of 10.61, a price-to-earnings-growth ratio of 3.68 and a beta of 1.29.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results 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. The company had revenue of $5.97 billion during the quarter, compared to analysts’ expectations of $6.03 billion. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. During the same quarter last year, the company posted $3.44 EPS. Analysts predict that EOG Resources, Inc. will post 11.45 EPS for the current year.

EOG Resources announced that its Board of Directors has authorized a share repurchase plan on Thursday, November 7th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the energy exploration company to purchase up to 7% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board of directors 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. Stockholders of record on Friday, January 17th will be paid a $0.975 dividend. This represents a $3.90 annualized dividend and a dividend yield of 2.96%. The ex-dividend date of this dividend is Friday, January 17th. This is a boost from EOG Resources’s previous quarterly dividend of $0.91. EOG Resources’s dividend payout ratio (DPR) is presently 31.40%.

Insider Transactions at EOG Resources

In other news, Director Janet F. Clark sold 568 shares of the stock in a transaction dated Tuesday, November 19th. The stock was 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 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. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $120.89, for a total value 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 $5,162,365.67. This trade represents a 8.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.30% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on EOG. Scotiabank lowered their price target on EOG Resources from $150.00 to $140.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 10th. Benchmark reaffirmed a “hold” rating on shares of EOG Resources in a report on Monday, January 13th. Truist Financial raised their price target on shares of EOG Resources from $135.00 to $137.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $150.00 price objective on shares of EOG Resources in a research note on Monday, January 6th. Finally, Bank of America reissued a “neutral” rating and issued a $144.00 target price (down from $151.00) on shares of EOG Resources in a research note on Monday, January 13th. Thirteen equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $143.86.

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.