Healthcare of Ontario Pension Plan Trust Fund Sells 120,000 Shares of EOG Resources, Inc. (NYSE:EOG)

Healthcare of Ontario Pension Plan Trust Fund lessened its stake in EOG Resources, Inc. (NYSE:EOG) by 14.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 730,000 shares of the energy exploration company’s stock after selling 120,000 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in EOG Resources were worth $89,739,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in EOG. Northwest Investment Counselors LLC purchased a new position in shares of EOG Resources during the 3rd quarter worth $26,000. Riverview Trust Co purchased a new position in shares of EOG Resources during the 2nd quarter worth $27,000. MFA Wealth Advisors LLC purchased a new position in shares of EOG Resources during the 2nd quarter worth $28,000. Eastern Bank purchased a new position in shares of EOG Resources during the 3rd quarter valued at $28,000. Finally, Gladius Capital Management LP purchased a new position in shares of EOG Resources during the 2nd quarter valued at $30,000. Institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Performance

Shares of NYSE:EOG opened at $132.54 on Wednesday. The company has a market capitalization of $74.55 billion, a price-to-earnings ratio of 10.67, a PEG ratio of 3.51 and a beta of 1.28. EOG Resources, Inc. has a 12 month low of $108.94 and a 12 month high of $139.67. The firm’s 50-day moving average is $128.34 and its 200 day moving average is $126.18. 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 Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be issued a dividend of $0.975 per share. This represents a $3.90 annualized dividend and a yield of 2.94%. 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 is presently 29.31%.

EOG Resources declared that its Board of Directors has approved a share buyback program on Thursday, November 7th that authorizes the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization authorizes the energy exploration company to repurchase 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 shares are undervalued.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on EOG shares. Barclays lowered 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 note on Thursday, October 3rd. KeyCorp lowered their target price on shares of EOG Resources from $157.00 to $150.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $145.00 price target on shares of EOG Resources in a research note on Monday, October 14th. Raymond James boosted their price target on shares of EOG Resources from $156.00 to $167.00 and gave the stock a “strong-buy” rating in a research note on Thursday, November 21st. Finally, StockNews.com cut shares of EOG Resources from a “buy” rating to a “hold” rating in a research note on Saturday, November 16th. Fifteen investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $144.20.

Insider Activity at EOG Resources

In other EOG Resources news, Director Janet F. Clark sold 568 shares of the company’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $135.33, for a total value of $76,867.44. Following the transaction, the director now directly owns 43,532 shares in the company, valued at $5,891,185.56. This represents a 1.29 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.20% of the stock is currently owned by insiders.

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.