TD Private Client Wealth LLC Increases Position in EOG Resources, Inc. (NYSE:EOG)

TD Private Client Wealth LLC increased its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 3.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,705 shares of the energy exploration company’s stock after buying an additional 178 shares during the period. TD Private Client Wealth LLC’s holdings in EOG Resources were worth $701,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Northwest Investment Counselors LLC purchased a new stake in shares of EOG Resources during the 3rd quarter worth approximately $26,000. MFA Wealth Advisors LLC purchased a new stake in EOG Resources during the second quarter worth $28,000. Eastern Bank purchased a new stake in EOG Resources during the third quarter worth $28,000. Gladius Capital Management LP purchased a new position in shares of EOG Resources in the second quarter valued at $30,000. Finally, Capital Performance Advisors LLP acquired a new position in shares of EOG Resources during the 3rd quarter worth $31,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at EOG Resources

In related news, Director Janet F. Clark sold 568 shares of the stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $135.33, for a total transaction of $76,867.44. Following the completion of the sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on EOG shares. StockNews.com cut shares of EOG Resources from a “buy” rating to a “hold” rating in a research note on Saturday, November 16th. KeyCorp dropped their price objective on shares of EOG Resources from $157.00 to $150.00 and set an “overweight” rating for the company in a research note on Wednesday, October 16th. Morgan Stanley reduced their target price on 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. Benchmark reissued a “hold” rating on shares of EOG Resources in a research report on Tuesday, November 12th. Finally, Susquehanna reduced their price objective on EOG Resources from $159.00 to $158.00 and set a “positive” rating on the stock in a research report on Wednesday, September 4th. Fifteen equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, EOG Resources has a consensus rating of “Hold” and a consensus price target of $144.20.

EOG Resources Trading Up 0.2 %

EOG stock opened at $126.78 on Friday. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. The company has a market cap of $71.31 billion, a price-to-earnings ratio of 10.21, a PEG ratio of 3.39 and a beta of 1.29. The business has a fifty day simple moving average of $129.23 and a 200-day simple moving average of $126.40. EOG Resources, Inc. has a 52 week low of $108.94 and a 52 week high of $139.67.

EOG Resources announced that its board has initiated a stock repurchase program on Thursday, November 7th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the energy exploration company to purchase up to 7% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

EOG Resources Increases Dividend

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