Czech National Bank Boosts Stock Position in EOG Resources, Inc. (NYSE:EOG)

Czech National Bank boosted its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 5.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 121,951 shares of the energy exploration company’s stock after purchasing an additional 6,103 shares during the quarter. Czech National Bank’s holdings in EOG Resources were worth $14,949,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the business. Insight Inv LLC lifted its holdings in shares of EOG Resources by 0.8% in the 3rd quarter. Insight Inv LLC now owns 9,385 shares of the energy exploration company’s stock valued at $1,154,000 after acquiring an additional 75 shares during the last quarter. Cape ANN Savings Bank lifted its stake in shares of EOG Resources by 0.9% in the 3rd quarter. Cape ANN Savings Bank now owns 8,679 shares of the energy exploration company’s stock valued at $1,067,000 after purchasing an additional 79 shares during the last quarter. Everpar Advisors LLC boosted its holdings in shares of EOG Resources by 3.6% in the 3rd quarter. Everpar Advisors LLC now owns 2,380 shares of the energy exploration company’s stock worth $293,000 after purchasing an additional 83 shares during the period. FSM Wealth Advisors LLC increased its position in shares of EOG Resources by 5.5% during the 3rd quarter. FSM Wealth Advisors LLC now owns 1,702 shares of the energy exploration company’s stock valued at $209,000 after purchasing an additional 88 shares during the last quarter. Finally, Grove Bank & Trust raised its holdings in EOG Resources by 11.8% during the 3rd quarter. Grove Bank & Trust now owns 844 shares of the energy exploration company’s stock valued at $104,000 after buying an additional 89 shares during the period. Institutional investors own 89.91% of the company’s stock.

Insiders Place Their Bets

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the company’s stock in a transaction dated 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 in the company, valued at $5,162,365.67. This represents a 8.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 transaction, the director now directly owns 43,532 shares of the company’s stock, valued at $5,891,185.56. The trade was 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.

EOG Resources Stock Performance

EOG stock opened at $134.51 on Tuesday. EOG Resources, Inc. has a one year low of $108.94 and a one year high of $139.67. The firm has a market cap of $75.66 billion, a price-to-earnings ratio of 10.83, a PEG ratio of 3.37 and a beta of 1.29. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. The firm has a 50-day simple moving average of $128.21 and a two-hundred day simple moving average of $126.77.

EOG Resources declared that its Board of Directors has initiated a share buyback program on Thursday, November 7th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the energy exploration company to reacquire up to 7% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors 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. Shareholders of record on Friday, January 17th will be paid a $0.975 dividend. This represents a $3.90 annualized dividend and a yield of 2.90%. This is an increase from EOG Resources’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Friday, January 17th. EOG Resources’s dividend payout ratio (DPR) is 31.40%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on EOG. Benchmark reissued a “hold” rating on shares of EOG Resources in a research note on Monday. Bank of America reissued a “neutral” rating and issued a $144.00 price objective (down previously from $151.00) on shares of EOG Resources in a research note on Monday. Wolfe Research raised EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 target price on the stock in a research note on Friday, January 3rd. Citigroup raised their price target on EOG Resources from $127.00 to $134.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 26th. Finally, Morgan Stanley cut their price objective on EOG Resources from $134.00 to $132.00 and set an “equal weight” rating on the stock in a research report on Monday, September 16th. Thirteen analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $143.48.

EOG Resources Company 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.