Prudent Man Advisors LLC Has $660,000 Holdings in EOG Resources, Inc. (NYSE:EOG)

Prudent Man Advisors LLC decreased its stake in EOG Resources, Inc. (NYSE:EOG) by 2.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,368 shares of the energy exploration company’s stock after selling 145 shares during the quarter. Prudent Man Advisors LLC’s holdings in EOG Resources were worth $660,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Covestor Ltd increased its stake in EOG Resources by 8.4% in the first quarter. Covestor Ltd now owns 1,270 shares of the energy exploration company’s stock valued at $162,000 after purchasing an additional 98 shares in the last quarter. Resurgent Financial Advisors LLC raised its stake in EOG Resources by 10.7% during the 1st quarter. Resurgent Financial Advisors LLC now owns 2,247 shares of the energy exploration company’s stock worth $287,000 after buying an additional 218 shares during the period. Davis R M Inc. bought a new position in EOG Resources during the first quarter worth about $201,000. O Shaughnessy Asset Management LLC grew its stake in EOG Resources by 5.4% in the first quarter. O Shaughnessy Asset Management LLC now owns 89,680 shares of the energy exploration company’s stock valued at $11,465,000 after acquiring an additional 4,566 shares during the period. Finally, UniSuper Management Pty Ltd increased its holdings in shares of EOG Resources by 228.4% in the first quarter. UniSuper Management Pty Ltd now owns 15,626 shares of the energy exploration company’s stock worth $1,998,000 after acquiring an additional 10,868 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on EOG shares. Scotiabank cut their price objective on EOG Resources from $150.00 to $140.00 and set a “sector perform” rating on the stock in a report on Thursday, October 10th. Piper Sandler cut their price target on shares of EOG Resources from $154.00 to $147.00 and set an “overweight” rating on the stock in a research note on Thursday, August 15th. Morgan Stanley lowered 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 research report on Monday, September 16th. Benchmark reaffirmed a “hold” rating on shares of EOG Resources in a research note on Tuesday, November 12th. Finally, JPMorgan Chase & Co. reduced their price objective on EOG Resources from $143.00 to $135.00 and set a “neutral” rating for the company in a research report on Thursday, September 12th. Fourteen investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, EOG Resources presently has a consensus rating of “Hold” and an average price target of $142.20.

Insiders Place Their Bets

In other news, EVP Michael P. Donaldson sold 11,037 shares of EOG Resources stock in a transaction on Monday, August 26th. The stock was sold at an average price of $129.50, for a total transaction of $1,429,291.50. Following the completion of the sale, the executive vice president now owns 74,250 shares of the company’s stock, valued at approximately $9,615,375. This trade represents a 12.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Charles R. Crisp sold 6,500 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $125.60, for a total transaction of $816,400.00. Following the completion of the transaction, the director now owns 60,892 shares in the company, valued at $7,648,035.20. This trade represents a 9.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.30% of the company’s stock.

EOG Resources Stock Down 0.5 %

EOG Resources stock opened at $134.56 on Monday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. The company’s 50-day moving average is $126.25 and its 200-day moving average is $125.96. The firm has a market capitalization of $75.68 billion, a PE ratio of 10.83, a P/E/G ratio of 3.57 and a beta of 1.28. EOG Resources, Inc. has a fifty-two week low of $108.94 and a fifty-two week high of $139.67.

EOG Resources Increases Dividend

The firm also recently declared 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. 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. This represents a $3.90 annualized dividend and a yield of 2.90%. EOG Resources’s dividend payout ratio (DPR) is currently 31.40%.

EOG Resources announced that its board has authorized a share repurchase plan on Thursday, November 7th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the energy exploration company to repurchase up to 7% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its stock is undervalued.

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.