Jmac Enterprises LLC Purchases 648 Shares of EOG Resources, Inc. (NYSE:EOG)

Jmac Enterprises LLC increased its position in shares of EOG Resources, Inc. (NYSE:EOG) by 8.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,498 shares of the energy exploration company’s stock after buying an additional 648 shares during the period. Jmac Enterprises LLC’s holdings in EOG Resources were worth $1,042,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of EOG. Financial Life Planners bought a new position in EOG Resources during the fourth quarter worth $25,000. Y.D. More Investments Ltd grew its position in EOG Resources by 149.4% in the 4th quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company’s stock worth $25,000 after purchasing an additional 121 shares during the last quarter. Northwest Investment Counselors LLC bought a new position in shares of EOG Resources during the 3rd quarter worth about $26,000. Decker Retirement Planning Inc. acquired a new position in shares of EOG Resources during the fourth quarter valued at about $27,000. Finally, Keystone Financial Group Inc. bought a new stake in shares of EOG Resources in the fourth quarter valued at about $27,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

EOG Resources Trading Up 1.3 %

NYSE EOG opened at $132.32 on Wednesday. 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 stock’s 50-day moving average is $127.78 and its 200-day moving average is $127.34. EOG Resources, Inc. has a one year low of $109.06 and a one year high of $139.67. The firm has a market cap of $74.42 billion, a P/E ratio of 10.65, a P/E/G ratio of 3.36 and a beta of 1.27.

EOG Resources declared that its Board of Directors has authorized a share repurchase program on Thursday, November 7th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the energy exploration company to reacquire up to 7% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

EOG has been the topic of several analyst reports. StockNews.com upgraded EOG Resources from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd. Bank of America restated a “neutral” rating and issued a $144.00 target price (down previously from $151.00) on shares of EOG Resources in a research note on Monday, January 13th. Mizuho lowered their target price on shares of EOG Resources from $156.00 to $148.00 and set an “outperform” rating on the stock in a report on Monday, December 16th. Citigroup lifted their price target on shares of EOG Resources from $127.00 to $134.00 and gave the company a “neutral” rating in a report on Tuesday, November 26th. Finally, Wolfe Research raised shares of EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 price objective on the stock in a research note on Friday, January 3rd. Twelve equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $144.14.

Insiders Place Their Bets

In other EOG Resources news, Director Janet F. Clark sold 568 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $135.33, for a total transaction of $76,867.44. Following the sale, 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 position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources stock in a transaction dated Tuesday, December 31st. The shares were 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 directly owns 42,703 shares in the company, valued at approximately $5,162,365.67. This represents a 8.56 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.30% of the company’s stock.

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.