Sabal Trust CO Grows Stock Holdings in EOG Resources, Inc. (NYSE:EOG)

Sabal Trust CO raised its position in shares of EOG Resources, Inc. (NYSE:EOG) by 84.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 6,433 shares of the energy exploration company’s stock after buying an additional 2,941 shares during the period. Sabal Trust CO’s holdings in EOG Resources were worth $789,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of EOG. Financial Life Planners purchased a new position in shares of EOG Resources during the fourth quarter worth $25,000. Y.D. More Investments Ltd boosted its position in shares of 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 worth $25,000 after buying an additional 121 shares during the period. Decker Retirement Planning Inc. purchased a new position in shares of EOG Resources during the fourth quarter worth $27,000. Keystone Financial Group Inc. purchased a new position in shares of EOG Resources during the fourth quarter worth $27,000. Finally, Capital Performance Advisors LLP purchased a new position in shares of EOG Resources during the third quarter worth $31,000. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Citigroup raised their price target on EOG Resources from $127.00 to $134.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 26th. Truist Financial lifted their target price on EOG Resources from $135.00 to $137.00 and gave the company a “hold” rating in a report on Monday, January 13th. Bank of America reiterated a “neutral” rating and issued a $144.00 target price (down from $151.00) on shares of EOG Resources in a report on Monday, January 13th. Raymond James lifted their target price on EOG Resources from $167.00 to $175.00 and gave the company a “strong-buy” rating in a report on Thursday, January 23rd. Finally, Mizuho decreased their target price on EOG Resources from $156.00 to $148.00 and set an “outperform” rating for the company in a report on Monday, December 16th. Twelve equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $144.85.

Insider Transactions at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 4,000 shares of the business’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 transaction, the chief operating officer now owns 42,703 shares in the company, valued at $5,162,365.67. The trade was a 8.56 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.30% of the company’s stock.

EOG Resources Stock Down 1.2 %

EOG opened at $129.70 on Thursday. The business’s 50-day simple moving average is $128.90 and its 200-day simple moving average is $127.87. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. EOG Resources, Inc. has a one year low of $112.11 and a one year high of $139.67. The stock has a market capitalization of $72.95 billion, a P/E ratio of 10.44, a price-to-earnings-growth ratio of 3.58 and a beta of 1.27.

EOG Resources declared that its Board of Directors has initiated a stock buyback plan 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 buy up to 7% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s leadership 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.