Inspire Trust Co. N.A. Has $934,000 Holdings in EOG Resources, Inc. (NYSE:EOG)

Inspire Trust Co. N.A. raised its position in shares of EOG Resources, Inc. (NYSE:EOG) by 11.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,600 shares of the energy exploration company’s stock after acquiring an additional 772 shares during the period. Inspire Trust Co. N.A.’s holdings in EOG Resources were worth $934,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Northwest Investment Counselors LLC acquired a new stake in EOG Resources in the 3rd quarter valued at approximately $26,000. MFA Wealth Advisors LLC acquired a new stake in shares of EOG Resources in the second quarter worth $28,000. Eastern Bank acquired a new position in EOG Resources during the 3rd quarter valued at $28,000. Gladius Capital Management LP acquired a new stake in EOG Resources in the 2nd quarter worth $30,000. Finally, Capital Performance Advisors LLP bought a new position in shares of EOG Resources during the 3rd quarter worth about $31,000. 89.91% of the stock is owned by institutional investors and hedge funds.

Insider Activity at EOG Resources

In other EOG Resources 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 of the company’s stock, valued at approximately $5,891,185.56. This represents a 1.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.30% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on EOG. Raymond James upped their price target on EOG Resources from $156.00 to $167.00 and gave the company a “strong-buy” rating in a report on Thursday, November 21st. Royal Bank of Canada reiterated a “sector perform” rating and set a $145.00 price target on shares of EOG Resources in a research note on Monday, October 14th. Evercore ISI dropped their price objective 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. Morgan Stanley decreased their target price on shares of EOG Resources from $134.00 to $132.00 and set an “equal weight” rating on the stock in a research report on Monday, September 16th. Finally, JPMorgan Chase & Co. dropped their price target on shares of EOG Resources from $143.00 to $135.00 and set a “neutral” rating for the company in a research report on Thursday, September 12th. Fifteen equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $144.20.

EOG Resources Stock Down 0.8 %

NYSE:EOG opened at $126.60 on Friday. The company has a market cap of $71.21 billion, a price-to-earnings ratio of 10.19, a P/E/G ratio of 3.39 and a beta of 1.29. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. The stock’s fifty day moving average price is $129.36 and its two-hundred day moving average price is $126.37. EOG Resources, Inc. has a 52-week low of $108.94 and a 52-week high of $139.67.

EOG Resources declared that its Board of Directors has authorized a share repurchase 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 repurchase up to 7% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

EOG Resources Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be given a dividend of $0.975 per share. This is a boost from EOG Resources’s previous quarterly dividend of $0.91. The ex-dividend date is Friday, January 17th. This represents a $3.90 annualized dividend and a dividend yield of 3.08%. EOG Resources’s payout ratio is currently 29.31%.

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.