Generali Investments Towarzystwo Funduszy Inwestycyjnych Acquires 200 Shares of EOG Resources, Inc. (NYSE:EOG)

Generali Investments Towarzystwo Funduszy Inwestycyjnych boosted its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 18.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,300 shares of the energy exploration company’s stock after purchasing an additional 200 shares during the period. Generali Investments Towarzystwo Funduszy Inwestycyjnych’s holdings in EOG Resources were worth $159,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in EOG. QRG Capital Management Inc. lifted its holdings in shares of EOG Resources by 66.0% in the fourth quarter. QRG Capital Management Inc. now owns 96,491 shares of the energy exploration company’s stock valued at $11,828,000 after purchasing an additional 38,373 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in shares of EOG Resources in the fourth quarter valued at about $60,284,000. Oppenheimer & Co. Inc. lifted its holdings in shares of EOG Resources by 0.9% in the fourth quarter. Oppenheimer & Co. Inc. now owns 54,941 shares of the energy exploration company’s stock valued at $6,735,000 after purchasing an additional 517 shares in the last quarter. Harfst & Associates Inc. lifted its holdings in shares of EOG Resources by 0.7% in the fourth quarter. Harfst & Associates Inc. now owns 14,789 shares of the energy exploration company’s stock valued at $1,813,000 after purchasing an additional 102 shares in the last quarter. Finally, NewEdge Wealth LLC lifted its holdings in shares of EOG Resources by 8.8% in the fourth quarter. NewEdge Wealth LLC now owns 146,627 shares of the energy exploration company’s stock valued at $17,973,000 after purchasing an additional 11,825 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors.

EOG Resources Price Performance

Shares of NYSE EOG opened at $130.55 on Friday. EOG Resources, Inc. has a twelve month low of $112.86 and a twelve month high of $139.67. The business’s 50 day moving average price is $129.14 and its two-hundred day moving average price is $127.89. 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 company has a market cap of $73.43 billion, a PE ratio of 10.51, a price-to-earnings-growth ratio of 3.58 and a beta of 1.27.

EOG Resources (NYSE:EOG) last posted its earnings results on Friday, February 28th. The energy exploration company reported $2.74 EPS for the quarter, beating the consensus estimate of $2.55 by $0.19. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. The company had revenue of $5.59 billion for the quarter, compared to the consensus estimate of $5.96 billion. On average, analysts predict that EOG Resources, Inc. will post 11.47 EPS for the current year.

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

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Mizuho cut their price target on EOG Resources from $156.00 to $148.00 and set an “outperform” rating on the stock in a report on Monday, December 16th. Wolfe Research upgraded EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 price target on the stock in a report on Friday, January 3rd. Citigroup upped their target price on EOG Resources from $127.00 to $134.00 and gave the stock a “neutral” rating in a report on Tuesday, November 26th. StockNews.com lowered EOG Resources from a “buy” rating to a “hold” rating in a report on Friday, February 21st. Finally, Truist Financial upped their target price on EOG Resources from $135.00 to $137.00 and gave the stock a “hold” rating in a report on Monday, January 13th. Twelve research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $144.85.

Insider Activity

In related news, COO Jeffrey R. Leitzell sold 4,000 shares of the business’s stock in a transaction that occurred on 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 directly owns 42,703 shares in the company, valued at approximately $5,162,365.67. The trade was a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.30% of the stock is owned by company insiders.

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.