Seizert Capital Partners LLC Raises Stock Holdings in EOG Resources, Inc. (NYSE:EOG)

Seizert Capital Partners LLC raised its position in shares of EOG Resources, Inc. (NYSE:EOG) by 7.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 20,384 shares of the energy exploration company’s stock after purchasing an additional 1,497 shares during the quarter. Seizert Capital Partners LLC’s holdings in EOG Resources were worth $2,506,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. River Street Advisors LLC raised its position in EOG Resources by 1.1% during the 3rd quarter. River Street Advisors LLC now owns 9,398 shares of the energy exploration company’s stock worth $1,155,000 after buying an additional 102 shares during the last quarter. RIA Advisory Group LLC acquired a new stake in shares of EOG Resources in the third quarter worth $1,809,000. Natixis Advisors LLC raised its holdings in shares of EOG Resources by 16.1% during the third quarter. Natixis Advisors LLC now owns 441,008 shares of the energy exploration company’s stock worth $54,213,000 after purchasing an additional 61,194 shares during the last quarter. Empowered Funds LLC lifted its position in EOG Resources by 2.7% during the third quarter. Empowered Funds LLC now owns 277,538 shares of the energy exploration company’s stock valued at $34,118,000 after purchasing an additional 7,419 shares during the period. Finally, Empirical Finance LLC boosted its holdings in EOG Resources by 1.7% in the third quarter. Empirical Finance LLC now owns 23,651 shares of the energy exploration company’s stock valued at $2,907,000 after purchasing an additional 389 shares during the last quarter. 89.91% of the stock is owned by institutional investors and hedge funds.

Insider Activity at EOG Resources

In related news, Director Charles R. Crisp sold 6,500 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $125.60, for a total transaction of $816,400.00. Following the completion of the sale, the director now directly owns 60,892 shares in the company, valued at approximately $7,648,035.20. This trade represents a 9.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Michael P. Donaldson sold 11,037 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $129.50, for a total transaction of $1,429,291.50. Following the completion of the transaction, the executive vice president now owns 74,250 shares in the company, valued at $9,615,375. The trade was a 12.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.30% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. KeyCorp decreased their price objective on EOG Resources from $157.00 to $150.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. UBS Group decreased their price target on EOG Resources from $167.00 to $154.00 and set a “buy” rating for the company in a report on Wednesday, September 18th. Morgan Stanley dropped 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. Susquehanna decreased their target price on shares of EOG Resources from $159.00 to $158.00 and set a “positive” rating for the company in a research note on Wednesday, September 4th. Finally, Piper Sandler dropped their price target on shares of EOG Resources from $154.00 to $147.00 and set an “overweight” rating on the stock in a research report on Thursday, August 15th. Fourteen analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $142.20.

EOG Resources Stock Performance

NYSE:EOG opened at $134.56 on Friday. EOG Resources, Inc. has a twelve month low of $108.94 and a twelve month high of $139.67. The company has a market cap of $75.68 billion, a P/E ratio of 10.83, a P/E/G ratio of 3.56 and a beta of 1.28. 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’s 50-day moving average price is $126.25 and its 200-day moving average price is $125.99.

EOG Resources declared that its Board of Directors has approved 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 buy up to 7% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its stock is undervalued.

EOG Resources Increases Dividend

The business 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 $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 2.90%. EOG Resources’s dividend payout ratio is 29.31%.

About EOG Resources

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.