National Pension Service Raises Stake in EOG Resources, Inc. (NYSE:EOG)

National Pension Service boosted its holdings in EOG Resources, Inc. (NYSE:EOG) by 0.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,275,736 shares of the energy exploration company’s stock after purchasing an additional 4,140 shares during the quarter. National Pension Service’s holdings in EOG Resources were worth $156,380,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Financial Life Planners bought a new stake in shares of EOG Resources in the 4th quarter worth approximately $25,000. Y.D. More Investments Ltd raised its stake in EOG Resources by 149.4% during the fourth quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company’s stock valued at $25,000 after buying an additional 121 shares during the last quarter. Decker Retirement Planning Inc. bought a new stake in EOG Resources in the fourth quarter worth $27,000. Keystone Financial Group Inc. purchased a new stake in shares of EOG Resources in the fourth quarter worth $27,000. Finally, Capital Performance Advisors LLP bought a new position in shares of EOG Resources during the third quarter valued at $31,000. Institutional investors own 89.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Wolfe Research upgraded shares of EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 price target on the stock in a research note on Friday, January 3rd. Bank of America reiterated 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. Piper Sandler increased their price target on shares of EOG Resources from $140.00 to $141.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Wells Fargo & Company upgraded shares of EOG Resources from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $147.00 to $150.00 in a report on Tuesday, December 17th. Finally, Citigroup increased their target price on EOG Resources from $127.00 to $134.00 and gave the company a “neutral” rating in a research note on Tuesday, November 26th. Twelve equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $144.85.

Insider Buying and Selling at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the company’s stock in a transaction dated Tuesday, December 31st. The stock was 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 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 sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.30% of the stock is owned by corporate insiders.

EOG Resources Price Performance

NYSE EOG opened at $129.70 on Thursday. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $72.95 billion, a P/E ratio of 10.44, a PEG ratio of 3.58 and a beta of 1.27. The company has a 50-day moving average price of $128.90 and a 200-day moving average price of $127.87. EOG Resources, Inc. has a 52 week low of $112.11 and a 52 week high of $139.67.

EOG Resources declared that its Board of Directors has initiated a share buyback 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 purchase up to 7% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

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.