World Investment Advisors LLC Acquires Shares of 5,939 EOG Resources, Inc. (NYSE:EOG)

World Investment Advisors LLC acquired a new stake in EOG Resources, Inc. (NYSE:EOG) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,939 shares of the energy exploration company’s stock, valued at approximately $730,000.

A number of other hedge funds also recently modified their holdings of the stock. Northwest Investment Counselors LLC bought a new position in EOG Resources in the 3rd quarter valued at about $26,000. MFA Wealth Advisors LLC acquired a new position in shares of EOG Resources in the second quarter valued at approximately $28,000. Eastern Bank bought a new position in shares of EOG Resources during the third quarter worth approximately $28,000. Capital Performance Advisors LLP bought a new stake in EOG Resources in the 3rd quarter valued at $31,000. Finally, HM Payson & Co. grew its holdings in EOG Resources by 203.7% in the 3rd quarter. HM Payson & Co. now owns 328 shares of the energy exploration company’s stock valued at $40,000 after buying an additional 220 shares in the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Stock Down 1.7 %

Shares of NYSE EOG opened at $124.62 on Tuesday. The company has a 50 day simple moving average of $129.04 and a 200 day simple moving average of $126.45. 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 cap of $70.09 billion, a PE ratio of 10.03, a price-to-earnings-growth ratio of 3.39 and a beta of 1.29.

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 paid a dividend of $0.975 per share. The ex-dividend date of this dividend is Friday, January 17th. This represents a $3.90 annualized dividend and a dividend yield of 3.13%. This is an increase from EOG Resources’s previous quarterly dividend of $0.91. EOG Resources’s dividend payout ratio (DPR) is presently 31.40%.

EOG Resources declared that its Board of Directors has initiated a share buyback program on Thursday, November 7th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the energy exploration company to purchase up to 7% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Analysts Set New Price Targets

EOG has been the subject of a number of research reports. StockNews.com downgraded EOG Resources from a “buy” rating to a “hold” rating in a report on Saturday, November 16th. Morgan Stanley cut their price objective on shares of EOG Resources from $134.00 to $132.00 and set an “equal weight” rating for the company in a report on Monday, September 16th. Citigroup increased their target price on shares of EOG Resources from $127.00 to $134.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 26th. Wells Fargo & Company lifted their price target on shares of EOG Resources from $135.00 to $147.00 and gave the company an “equal weight” rating in a research report on Thursday, November 21st. Finally, UBS Group lowered their price objective on EOG Resources from $167.00 to $154.00 and set a “buy” rating on the stock in a research note on Wednesday, September 18th. Fifteen equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, EOG Resources has an average rating of “Hold” and a consensus target price of $143.80.

Insider Transactions at EOG Resources

In related news, Director Janet F. Clark sold 568 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $135.33, for a total transaction of $76,867.44. Following the completion of the transaction, the director now directly owns 43,532 shares of the company’s stock, valued at $5,891,185.56. This trade represents a 1.29 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.30% of the stock is owned by company insiders.

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.