J.P. Marvel Investment Advisors LLC Has $8.69 Million Stake in EOG Resources, Inc. (NYSE:EOG)

J.P. Marvel Investment Advisors LLC decreased its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 0.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 70,904 shares of the energy exploration company’s stock after selling 250 shares during the quarter. EOG Resources comprises approximately 1.4% of J.P. Marvel Investment Advisors LLC’s investment portfolio, making the stock its 20th biggest holding. J.P. Marvel Investment Advisors LLC’s holdings in EOG Resources were worth $8,691,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Insight Inv LLC lifted its stake in EOG Resources by 0.8% during the 3rd quarter. Insight Inv LLC now owns 9,385 shares of the energy exploration company’s stock valued at $1,154,000 after acquiring an additional 75 shares in the last quarter. Essex Financial Services Inc. lifted its stake in EOG Resources by 1.3% during the 4th quarter. Essex Financial Services Inc. now owns 6,145 shares of the energy exploration company’s stock valued at $753,000 after acquiring an additional 79 shares in the last quarter. Rosenberg Matthew Hamilton lifted its stake in EOG Resources by 3.0% during the 4th quarter. Rosenberg Matthew Hamilton now owns 2,921 shares of the energy exploration company’s stock valued at $358,000 after acquiring an additional 84 shares in the last quarter. Grove Bank & Trust lifted its stake in EOG Resources by 10.0% during the 4th quarter. Grove Bank & Trust now owns 928 shares of the energy exploration company’s stock valued at $114,000 after acquiring an additional 84 shares in the last quarter. Finally, Perigon Wealth Management LLC lifted its stake in EOG Resources by 2.6% during the 4th quarter. Perigon Wealth Management LLC now owns 3,342 shares of the energy exploration company’s stock valued at $410,000 after acquiring an additional 84 shares in the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Trading Up 0.3 %

EOG stock opened at $129.40 on Friday. The company has a market capitalization of $72.78 billion, a PE ratio of 10.42, a P/E/G ratio of 3.36 and a beta of 1.27. EOG Resources, Inc. has a 12 month low of $109.06 and a 12 month high of $139.67. The firm’s 50-day moving average is $127.79 and its 200 day moving average is $127.42. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07.

EOG Resources announced that its Board of Directors has approved a stock repurchase plan on Thursday, November 7th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the energy exploration company to purchase up to 7% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

A number of equities research analysts have recently commented on EOG shares. Royal Bank of Canada upgraded EOG Resources from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from $150.00 to $155.00 in a research note on Wednesday. StockNews.com upgraded EOG Resources from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd. Piper Sandler lifted their target price on EOG Resources from $140.00 to $141.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Truist Financial lifted their target price on EOG Resources from $135.00 to $137.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. Finally, Citigroup lifted their target price on EOG Resources from $127.00 to $134.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 26th. Twelve research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, EOG Resources has an average rating of “Moderate Buy” and an average price target of $144.14.

Insider Buying and Selling at EOG Resources

In other news, Director Janet F. Clark sold 568 shares of the firm’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 sale, the director now directly owns 43,532 shares in the company, valued at approximately $5,891,185.56. This trade represents a 1.29 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $120.89, for a total transaction of $483,560.00. Following the completion of the sale, the chief operating officer now owns 42,703 shares in the company, valued at $5,162,365.67. This represents a 8.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.