Captrust Financial Advisors Has $72.64 Million Position in EOG Resources, Inc. (NYSE:EOG)

Captrust Financial Advisors grew its stake in EOG Resources, Inc. (NYSE:EOG) by 3.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 590,863 shares of the energy exploration company’s stock after purchasing an additional 22,022 shares during the period. Captrust Financial Advisors’ holdings in EOG Resources were worth $72,635,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Northwest Investment Counselors LLC acquired a new stake in shares of EOG Resources in the 3rd quarter valued at approximately $26,000. Riverview Trust Co acquired a new stake in EOG Resources during the 2nd quarter worth approximately $27,000. MFA Wealth Advisors LLC acquired a new stake in EOG Resources during the 2nd quarter worth approximately $28,000. Eastern Bank acquired a new stake in EOG Resources during the 3rd quarter worth approximately $28,000. Finally, Gladius Capital Management LP acquired a new stake in EOG Resources during the 2nd quarter worth approximately $30,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

EOG Resources Stock Performance

Shares of EOG stock opened at $133.09 on Friday. The firm has a market capitalization of $74.86 billion, a PE ratio of 10.72, a price-to-earnings-growth ratio of 3.54 and a beta of 1.28. The firm has a fifty day simple moving average of $128.67 and a two-hundred day simple moving average of $126.27. 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, Inc. has a 12 month low of $108.94 and a 12 month 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 paid a dividend of $0.975 per share. This represents a $3.90 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date of this dividend is Friday, January 17th. This is a positive change from EOG Resources’s previous quarterly dividend of $0.91. EOG Resources’s payout ratio is 29.31%.

EOG Resources declared that its board has initiated 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 repurchase up to 7% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

EOG has been the topic of several recent research reports. Barclays cut their target price on shares of EOG Resources from $144.00 to $137.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 3rd. Raymond James lifted their target price on shares of EOG Resources from $156.00 to $167.00 and gave the stock a “strong-buy” rating in a research report on Thursday, November 21st. KeyCorp lowered 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. Citigroup raised their price target on shares of EOG Resources from $127.00 to $134.00 and gave the stock a “neutral” rating in a report on Tuesday. Finally, Evercore ISI lowered their price target on shares of EOG Resources from $150.00 to $145.00 and set an “outperform” rating for the company in a report on Monday, September 30th. Fifteen equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, EOG Resources presently has a consensus rating of “Hold” and an average price target of $144.20.

Insider Buying and Selling at EOG Resources

In other EOG Resources news, Director Janet F. Clark sold 568 shares of the business’s stock in a transaction 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 sale, the director now owns 43,532 shares in the company, valued at approximately $5,891,185.56. The trade was a 1.29 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.30% of the stock is currently owned by company insiders.

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.