Park Avenue Securities LLC Has $3.84 Million Holdings in EOG Resources, Inc. (NYSE:EOG)

Park Avenue Securities LLC lowered its position in EOG Resources, Inc. (NYSE:EOG) by 3.2% during the fourth quarter, Holdings Channel reports. The firm owned 31,357 shares of the energy exploration company’s stock after selling 1,030 shares during the period. Park Avenue Securities LLC’s holdings in EOG Resources were worth $3,844,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of EOG. Citizens Financial Group Inc. RI boosted its position in EOG Resources by 9.5% during the second quarter. Citizens Financial Group Inc. RI now owns 3,204 shares of the energy exploration company’s stock valued at $403,000 after acquiring an additional 278 shares during the last quarter. Mutual of America Capital Management LLC lifted its stake in shares of EOG Resources by 6.9% in the 2nd quarter. Mutual of America Capital Management LLC now owns 81,759 shares of the energy exploration company’s stock valued at $10,291,000 after purchasing an additional 5,303 shares during the period. Vanguard Personalized Indexing Management LLC boosted its position in shares of EOG Resources by 18.6% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 44,737 shares of the energy exploration company’s stock valued at $5,626,000 after purchasing an additional 7,011 shares in the last quarter. Seven Eight Capital LP grew its stake in 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 worth $623,000 after purchasing an additional 2,313 shares during the period. Finally, Mathes Company Inc. lifted its stake in EOG Resources by 1.6% in the second quarter. Mathes Company Inc. now owns 25,459 shares of the energy exploration company’s stock valued at $3,205,000 after buying an additional 400 shares during the period. 89.91% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources 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 sale, the chief operating officer now owns 42,703 shares of the company’s stock, valued at approximately $5,162,365.67. This trade represents a 8.56 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Janet F. Clark sold 568 shares of EOG Resources stock in a transaction dated 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 owns 43,532 shares of the company’s stock, valued at $5,891,185.56. The trade was a 1.29 % decrease in their position. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by corporate insiders.

EOG Resources Stock Up 0.7 %

EOG stock opened at $138.03 on Friday. The stock has a market cap of $77.63 billion, a P/E ratio of 11.11, a P/E/G ratio of 3.63 and a beta of 1.29. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. The stock’s fifty day simple moving average is $128.68 and its two-hundred day simple moving average is $126.92. EOG Resources, Inc. has a 1-year low of $108.94 and a 1-year high of $139.67.

EOG Resources announced that its board has authorized a share buyback program on Thursday, November 7th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the energy exploration company to reacquire up to 7% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

EOG Resources Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be given a dividend of $0.975 per share. The ex-dividend date is Friday, January 17th. This represents a $3.90 annualized dividend and a yield of 2.83%. This is a positive change from EOG Resources’s previous quarterly dividend of $0.91. EOG Resources’s dividend payout ratio is presently 31.40%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on EOG. Bank of America reaffirmed a “neutral” rating and set a $144.00 price objective (down previously from $151.00) on shares of EOG Resources in a research report on Monday. Scotiabank decreased their price target on shares of EOG Resources from $150.00 to $140.00 and set a “sector perform” rating for the company in a research note on Thursday, October 10th. Royal Bank of Canada reiterated a “sector perform” rating and set a $150.00 price objective on shares of EOG Resources in a report on Monday, January 6th. Wells Fargo & Company upgraded EOG Resources from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $147.00 to $150.00 in a research note on Tuesday, December 17th. Finally, Evercore ISI cut their price target on EOG Resources from $150.00 to $145.00 and set an “outperform” rating on the stock in a report on Monday, September 30th. Thirteen analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price 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.