EOG Resources, Inc. (NYSE:EOG) Shares Acquired by B & T Capital Management DBA Alpha Capital Management

B & T Capital Management DBA Alpha Capital Management grew its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 0.7% in the 4th quarter, HoldingsChannel reports. The firm owned 20,755 shares of the energy exploration company’s stock after acquiring an additional 149 shares during the quarter. B & T Capital Management DBA Alpha Capital Management’s holdings in EOG Resources were worth $2,544,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Seven Eight Capital LP raised its holdings in shares of EOG Resources by 87.7% during the second quarter. Seven Eight Capital LP now owns 4,949 shares of the energy exploration company’s stock valued at $623,000 after acquiring an additional 2,313 shares during the period. Inspire Investing LLC grew its position in EOG Resources by 177.7% during the 2nd quarter. Inspire Investing LLC now owns 11,524 shares of the energy exploration company’s stock worth $1,450,000 after purchasing an additional 7,374 shares in the last quarter. Intech Investment Management LLC raised its stake in EOG Resources by 23.7% during the 2nd quarter. Intech Investment Management LLC now owns 61,304 shares of the energy exploration company’s stock valued at $7,716,000 after purchasing an additional 11,752 shares during the period. Brighton Jones LLC lifted its holdings in shares of EOG Resources by 3.1% in the second quarter. Brighton Jones LLC now owns 7,044 shares of the energy exploration company’s stock valued at $887,000 after purchasing an additional 215 shares in the last quarter. Finally, Ieq Capital LLC boosted its position in shares of EOG Resources by 9.6% in the second quarter. Ieq Capital LLC now owns 21,844 shares of the energy exploration company’s stock worth $2,750,000 after buying an additional 1,915 shares during the period. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Trading Down 1.0 %

NYSE:EOG opened at $136.70 on Friday. The company’s 50 day moving average is $128.91 and its 200-day moving average is $126.99. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. EOG Resources, Inc. has a 12 month low of $108.94 and a 12 month high of $139.67. The firm has a market cap of $76.89 billion, a price-to-earnings ratio of 11.01, a P/E/G ratio of 3.63 and a beta of 1.29.

EOG Resources declared that its board has approved a stock repurchase plan on Thursday, November 7th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the energy exploration company to buy up to 7% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

EOG Resources Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be issued a $0.975 dividend. This represents a $3.90 annualized dividend and a yield of 2.85%. The ex-dividend date is Friday, January 17th. This is an increase from EOG Resources’s previous quarterly dividend of $0.91. EOG Resources’s dividend payout ratio (DPR) is 29.31%.

Insiders Place Their Bets

In other news, Director Janet F. Clark sold 568 shares of the company’s stock in a transaction that occurred 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 in the company, valued at $5,891,185.56. The trade was a 1.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the company’s stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $120.89, for a total transaction of $483,560.00. Following the transaction, the chief operating officer now owns 42,703 shares of the company’s stock, valued at approximately $5,162,365.67. The trade was a 8.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

EOG has been the subject of several research analyst reports. Mizuho reduced their price objective on EOG Resources from $156.00 to $148.00 and set an “outperform” rating for the company in a research note on Monday, December 16th. KeyCorp decreased their price target on shares of EOG Resources from $157.00 to $150.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. Benchmark reiterated a “hold” rating on shares of EOG Resources in a research note on Monday, January 13th. Bank of America restated a “neutral” rating and set a $144.00 price target (down from $151.00) on shares of EOG Resources in a report on Monday, January 13th. Finally, Truist Financial increased their price objective on EOG Resources from $135.00 to $137.00 and gave the stock a “hold” rating in a report on Monday, January 13th. Thirteen investment 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 company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $143.48.

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.