Impact Partnership Wealth LLC Purchases 504 Shares of EOG Resources, Inc. (NYSE:EOG)

Impact Partnership Wealth LLC raised its position in EOG Resources, Inc. (NYSE:EOG) by 4.5% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 11,618 shares of the energy exploration company’s stock after acquiring an additional 504 shares during the period. Impact Partnership Wealth LLC’s holdings in EOG Resources were worth $1,424,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of EOG. Northwest Investment Counselors LLC bought a new stake in shares of EOG Resources in the third quarter worth $26,000. Decker Retirement Planning Inc. acquired a new position in shares of EOG Resources during the 4th quarter worth about $27,000. Eastern Bank bought a new position in shares of EOG Resources in the 3rd quarter valued at about $28,000. Capital Performance Advisors LLP acquired a new position in shares of EOG Resources during the 3rd quarter worth approximately $31,000. Finally, HM Payson & Co. boosted its holdings in shares of 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 during the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Stock Down 0.1 %

EOG Resources stock opened at $133.91 on Friday. The firm has a market capitalization of $75.32 billion, a price-to-earnings ratio of 10.78, a price-to-earnings-growth ratio of 3.68 and a beta of 1.29. The firm’s fifty day moving average price is $129.09 and its two-hundred day moving average price is $127.27. EOG Resources, Inc. has a 1-year low of $108.94 and a 1-year high of $139.67. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Thursday, November 7th. The energy exploration company reported $2.89 EPS for the quarter, topping the consensus estimate of $2.73 by $0.16. The firm had revenue of $5.97 billion during the quarter, compared to the consensus estimate of $6.03 billion. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. During the same period in the prior year, the business posted $3.44 earnings per share. On average, equities research analysts predict that EOG Resources, Inc. will post 11.45 earnings per share for the current fiscal year.

EOG Resources announced that its Board of Directors has initiated a share buyback plan on Thursday, November 7th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the energy exploration company to reacquire up to 7% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

EOG Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be issued a dividend of $0.975 per share. The ex-dividend date is Friday, January 17th. This is an increase from EOG Resources’s previous quarterly dividend of $0.91. This represents a $3.90 annualized dividend and a yield of 2.91%. EOG Resources’s dividend payout ratio is 31.40%.

Insider Transactions at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $120.89, for a total value of $483,560.00. Following the completion of the transaction, the chief operating officer now owns 42,703 shares in the company, valued at $5,162,365.67. This trade represents a 8.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Janet F. Clark sold 568 shares of the company’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 sale, 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 ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.30% of the company’s stock.

Analysts Set New Price Targets

EOG has been the topic of a number of research reports. Citigroup upped their price target on shares of EOG Resources from $127.00 to $134.00 and gave the company a “neutral” rating in a research note on Tuesday, November 26th. Royal Bank of Canada reiterated a “sector perform” rating and set a $150.00 target price on shares of EOG Resources in a research note on Monday, January 6th. Barclays decreased their price objective on EOG Resources from $144.00 to $137.00 and set an “equal weight” rating on the stock in a report on Thursday, October 3rd. Raymond James lifted their target price on EOG Resources from $167.00 to $175.00 and gave the stock a “strong-buy” rating in a report on Thursday. Finally, Piper Sandler cut their price target on EOG Resources from $149.00 to $140.00 and set a “neutral” rating for the company in a research note on Tuesday, December 17th. Thirteen research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $143.86.

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.