Stratos Wealth Partners LTD. Has $3.25 Million Stock Holdings in EOG Resources, Inc. (NYSE:EOG)

Stratos Wealth Partners LTD. boosted its stake in EOG Resources, Inc. (NYSE:EOG) by 6.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,482 shares of the energy exploration company’s stock after acquiring an additional 1,511 shares during the period. Stratos Wealth Partners LTD.’s holdings in EOG Resources were worth $3,246,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in EOG. Cassia Capital Partners LLC bought a new position in EOG Resources during the fourth quarter worth $582,000. 1858 Wealth Management LLC lifted its stake in shares of EOG Resources by 7.4% in the 4th quarter. 1858 Wealth Management LLC now owns 8,380 shares of the energy exploration company’s stock valued at $1,027,000 after purchasing an additional 581 shares during the period. Mather Group LLC. boosted its position in shares of EOG Resources by 6.5% during the 4th quarter. Mather Group LLC. now owns 8,413 shares of the energy exploration company’s stock valued at $1,031,000 after purchasing an additional 513 shares in the last quarter. RBA Wealth Management LLC increased its holdings in EOG Resources by 4.4% in the fourth quarter. RBA Wealth Management LLC now owns 20,028 shares of the energy exploration company’s stock worth $2,455,000 after purchasing an additional 846 shares in the last quarter. Finally, Patron Partners LLC lifted its stake in EOG Resources by 10.7% in the fourth quarter. Patron Partners LLC now owns 2,461 shares of the energy exploration company’s stock valued at $302,000 after buying an additional 238 shares during the period. Institutional investors and hedge funds own 89.91% of the company’s stock.

Insider Buying and Selling

In other EOG Resources news, Director Janet F. Clark sold 568 shares of the business’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 transaction, the director now directly owns 43,532 shares in the company, valued at $5,891,185.56. The trade was a 1.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the firm’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 transaction of $483,560.00. Following the sale, the chief operating officer now owns 42,703 shares of the company’s stock, valued at approximately $5,162,365.67. The trade was a 8.56 % decrease in their position. The disclosure for this sale can be found here. 0.30% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts have recently commented on EOG shares. Raymond James raised their price objective on shares of EOG Resources from $167.00 to $175.00 and gave the stock a “strong-buy” rating in a research report on Thursday, January 23rd. Scotiabank decreased their price target on shares of EOG Resources from $150.00 to $140.00 and set a “sector perform” rating for the company in a research note on Thursday, October 10th. Citigroup increased their price objective on shares of 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 boosted their target price on EOG Resources from $135.00 to $137.00 and gave the company a “hold” rating in a research report on Monday, January 13th. Finally, Benchmark reiterated a “hold” rating on shares of EOG Resources in a report on Monday, January 13th. Thirteen analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $143.90.

EOG Resources Stock Performance

EOG stock opened at $126.34 on Friday. 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 cap of $71.06 billion, a PE ratio of 10.17, a P/E/G ratio of 3.33 and a beta of 1.27. The business has a 50 day moving average of $128.07 and a 200-day moving average of $127.29. EOG Resources, Inc. has a 12-month low of $109.06 and a 12-month high of $139.67.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Thursday, November 7th. The energy exploration company reported $2.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.73 by $0.16. The firm had revenue of $5.97 billion during the quarter, compared to the consensus estimate of $6.03 billion. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. During the same quarter in the prior year, the company earned $3.44 EPS. As a group, sell-side analysts expect that EOG Resources, Inc. will post 11.46 earnings per share for the current year.

EOG Resources announced that its Board of Directors has authorized a stock repurchase program on Thursday, November 7th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the energy exploration company to reacquire up to 7% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board 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.