Y Intercept Hong Kong Ltd Raises Stake in EOG Resources, Inc. (NYSE:EOG)

Y Intercept Hong Kong Ltd increased its stake in EOG Resources, Inc. (NYSE:EOG) by 382.5% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 20,266 shares of the energy exploration company’s stock after buying an additional 16,066 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in EOG Resources were worth $2,484,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in EOG. Franklin Resources Inc. raised its stake in EOG Resources by 64.7% in the 3rd quarter. Franklin Resources Inc. now owns 5,284,228 shares of the energy exploration company’s stock valued at $694,717,000 after acquiring an additional 2,076,134 shares during the period. Fisher Asset Management LLC raised its stake in EOG Resources by 856.7% in the 3rd quarter. Fisher Asset Management LLC now owns 1,200,851 shares of the energy exploration company’s stock valued at $147,621,000 after acquiring an additional 1,075,334 shares during the period. Assenagon Asset Management S.A. raised its stake in EOG Resources by 577.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 696,596 shares of the energy exploration company’s stock valued at $85,389,000 after acquiring an additional 593,823 shares during the period. Empower Advisory Group LLC raised its stake in EOG Resources by 21,218.1% in the 4th quarter. Empower Advisory Group LLC now owns 352,602 shares of the energy exploration company’s stock valued at $43,222,000 after acquiring an additional 350,948 shares during the period. Finally, Victory Capital Management Inc. raised its stake in EOG Resources by 42.8% in the 3rd quarter. Victory Capital Management Inc. now owns 1,113,429 shares of the energy exploration company’s stock valued at $136,874,000 after acquiring an additional 333,947 shares during the period. 89.91% of the stock is currently owned by institutional investors.

EOG Resources Stock Up 0.3 %

Shares of EOG opened at $133.50 on Tuesday. The firm has a market cap of $75.08 billion, a P/E ratio of 10.75, a P/E/G ratio of 3.58 and a beta of 1.27. The stock has a 50 day simple moving average of $128.53 and a two-hundred day simple moving average of $127.83. 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, Inc. has a 1 year low of $111.13 and a 1 year high of $139.67.

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 reacquire up to 7% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on EOG. Benchmark restated a “hold” rating on shares of EOG Resources in a research note on Monday, January 13th. Bank of America reiterated a “neutral” rating and set a $144.00 price target (down from $151.00) on shares of EOG Resources in a research report on Monday, January 13th. Royal Bank of Canada upgraded EOG Resources from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $150.00 to $155.00 in a research report on Wednesday, February 12th. StockNews.com cut EOG Resources from a “buy” rating to a “hold” rating in a research report on Friday. Finally, Citigroup upped their price target on EOG Resources from $127.00 to $134.00 and gave the company a “neutral” rating in a research report on Tuesday, November 26th. Twelve investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $144.85.

Insider Activity

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the stock in a transaction that occurred on Tuesday, December 31st. The stock was 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 of the company’s stock, valued at approximately $5,162,365.67. This represents a 8.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.30% of the company’s stock.

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.