Watts Gwilliam & Co. LLC Has $726,000 Holdings in EOG Resources, Inc. (NYSE:EOG)

Watts Gwilliam & Co. LLC lifted its stake in EOG Resources, Inc. (NYSE:EOG) by 227.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,689 shares of the energy exploration company’s stock after acquiring an additional 3,952 shares during the period. Watts Gwilliam & Co. LLC’s holdings in EOG Resources were worth $726,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Northwest Investment Counselors LLC bought a new stake in shares of EOG Resources during the 3rd quarter worth $26,000. Eastern Bank bought a new stake in EOG Resources during the third quarter valued at about $28,000. Capital Performance Advisors LLP acquired a new stake in shares of EOG Resources in the third quarter valued at about $31,000. HM Payson & Co. increased its stake in shares of EOG Resources by 203.7% in the third quarter. HM Payson & Co. now owns 328 shares of the energy exploration company’s stock worth $40,000 after purchasing an additional 220 shares during the period. Finally, Matrix Trust Co acquired a new position in shares of EOG Resources during the 3rd quarter worth about $43,000. Institutional investors own 89.91% of the company’s stock.

Insider Activity at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the business’s 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 completion of the sale, the chief operating officer now owns 42,703 shares in the company, valued at $5,162,365.67. The trade was a 8.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Janet F. Clark sold 568 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The shares were 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 owns 43,532 shares in the company, valued at approximately $5,891,185.56. This represents a 1.29 % decrease in their position. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Piper Sandler lowered their target price on EOG Resources from $149.00 to $140.00 and set a “neutral” rating on the stock in a report on Tuesday, December 17th. Morgan Stanley lowered their price objective on shares of EOG Resources from $134.00 to $132.00 and set an “equal weight” rating on the stock in a research note on Monday, September 16th. Barclays reduced their price target on shares of EOG Resources from $144.00 to $137.00 and set an “equal weight” rating for the company in a report on Thursday, October 3rd. JPMorgan Chase & Co. dropped their price objective on shares of EOG Resources from $143.00 to $135.00 and set a “neutral” rating on the stock in a report on Thursday, September 12th. Finally, Scotiabank decreased their target price on EOG Resources from $150.00 to $140.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 10th. Thirteen analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, EOG Resources presently has an average rating of “Hold” and a consensus target price of $143.71.

EOG Resources Stock Up 0.6 %

Shares of EOG opened at $128.31 on Friday. The company has a market capitalization of $72.17 billion, a P/E ratio of 10.33, a PEG ratio of 3.37 and a beta of 1.29. EOG Resources, Inc. has a one year low of $108.94 and a one year high of $139.67. The business’s 50 day simple moving average is $127.76 and its 200-day simple moving average is $126.64. 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 authorized a stock buyback plan on Thursday, November 7th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the energy exploration company to purchase up to 7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

EOG Resources Increases Dividend

The firm also recently announced 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. The ex-dividend date is Friday, January 17th. This is a positive change from EOG Resources’s previous quarterly dividend of $0.91. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.04%. EOG Resources’s dividend payout ratio (DPR) is 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.