Entropy Technologies LP Takes $3.44 Million Position in EOG Resources, Inc. (NYSE:EOG)

Entropy Technologies LP acquired a new stake in shares of EOG Resources, Inc. (NYSE:EOG) during the fourth quarter, HoldingsChannel reports. The fund acquired 28,076 shares of the energy exploration company’s stock, valued at approximately $3,442,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Financial Life Planners purchased a new stake in EOG Resources during the fourth quarter valued at approximately $25,000. Y.D. More Investments Ltd lifted its stake 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. Northwest Investment Counselors LLC acquired a new stake in shares of EOG Resources during the third quarter worth $26,000. Decker Retirement Planning Inc. acquired a new stake in shares of EOG Resources during the fourth quarter worth $27,000. Finally, Keystone Financial Group Inc. acquired a new stake in shares of EOG Resources during the fourth quarter worth $27,000. 89.91% of the stock is currently owned by institutional investors.

Insider Activity at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the stock in a transaction that occurred on Tuesday, December 31st. The shares were 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 of the company’s stock, valued at $5,162,365.67. This represents a 8.56 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Janet F. Clark sold 568 shares of the stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $135.33, for a total transaction of $76,867.44. Following the completion of the sale, the director now directly owns 43,532 shares of the company’s stock, valued at approximately $5,891,185.56. This trade represents a 1.29 % decrease in their position. The disclosure for this sale can be found here. 0.30% of the stock is owned by corporate insiders.

EOG Resources Stock Down 0.1 %

Shares of NYSE EOG opened at $126.50 on Friday. EOG Resources, Inc. has a 12-month low of $109.06 and a 12-month high of $139.67. The stock has a market cap of $71.15 billion, a PE ratio of 10.19, a P/E/G ratio of 3.36 and a beta of 1.27. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. The company has a 50-day moving average of $127.80 and a 200 day moving average of $127.28.

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 the consensus estimate of $2.73 by $0.16. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The company had revenue of $5.97 billion during the quarter, compared to analysts’ expectations of $6.03 billion. During the same quarter in the prior year, the company earned $3.44 EPS. As a group, sell-side analysts predict that EOG Resources, Inc. will post 11.46 EPS for the current fiscal year.

EOG Resources announced that its board has authorized a stock repurchase plan 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 plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Analysts Set New Price Targets

A number of research analysts recently issued reports on EOG shares. Bank of America restated a “neutral” rating and set a $144.00 target price (down from $151.00) on shares of EOG Resources in a research report on Monday, January 13th. Piper Sandler boosted their target price on shares of EOG Resources from $140.00 to $141.00 and gave the company a “neutral” rating in a research 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 target price for the company from $147.00 to $150.00 in a research report on Tuesday, December 17th. Royal Bank of Canada restated a “sector perform” rating and set a $150.00 target price on shares of EOG Resources in a research report on Monday, January 6th. Finally, KeyCorp decreased their target price on shares of EOG Resources from $157.00 to $150.00 and set an “overweight” rating for the company in a research report on Wednesday, October 16th. Thirteen equities research 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 MarketBeat, the company has a consensus rating of “Hold” and an average target price of $143.90.

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.