Quent Capital LLC Grows Stock Position in EOG Resources, Inc. (NYSE:EOG)

Quent Capital LLC raised its holdings in EOG Resources, Inc. (NYSE:EOG) by 29.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 581 shares of the energy exploration company’s stock after buying an additional 132 shares during the quarter. Quent Capital LLC’s holdings in EOG Resources were worth $71,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Financial Life Planners purchased a new stake in EOG Resources in the fourth quarter valued at about $25,000. Y.D. More Investments Ltd raised its stake in EOG Resources by 149.4% in 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. Northwest Investment Counselors LLC purchased a new stake in EOG Resources in the third quarter valued at about $26,000. Decker Retirement Planning Inc. purchased a new stake in EOG Resources in the fourth quarter valued at about $27,000. Finally, Keystone Financial Group Inc. purchased a new stake in EOG Resources in the fourth quarter valued at about $27,000. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on EOG. Bank of America restated a “neutral” rating and issued a $144.00 price objective (down from $151.00) on shares of EOG Resources in a research note on Monday, January 13th. KeyCorp reduced their price objective on EOG Resources from $157.00 to $150.00 and set an “overweight” rating for the company in a research note on Wednesday, October 16th. StockNews.com upgraded EOG Resources from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd. Mizuho reduced their price objective on EOG Resources from $156.00 to $148.00 and set an “outperform” rating for the company in a research note on Monday, December 16th. Finally, Royal Bank of Canada upgraded EOG Resources from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from $150.00 to $155.00 in a research note on Wednesday. Twelve analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $144.14.

Insider Buying and Selling at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 4,000 shares of the stock in a transaction 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 transaction, the chief operating officer now directly owns 42,703 shares of the company’s stock, valued at approximately $5,162,365.67. This represents a 8.56 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Janet F. Clark sold 568 shares of EOG Resources stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $135.33, for a total transaction of $76,867.44. Following the sale, the director now directly owns 43,532 shares in the company, 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 2.6 %

Shares of EOG opened at $128.83 on Thursday. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. EOG Resources, Inc. has a 12 month low of $109.06 and a 12 month high of $139.67. The stock’s 50 day moving average is $127.79 and its two-hundred day moving average is $127.37. The firm has a market cap of $72.46 billion, a P/E ratio of 10.37, a PEG ratio of 3.36 and a beta of 1.27.

EOG Resources declared that its board has authorized a share repurchase program on Thursday, November 7th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the energy exploration company to repurchase up to 7% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.

EOG Resources 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.