EOG Resources, Inc. (NYSE:EOG) Shares Purchased by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC grew its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 8.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,703 shares of the energy exploration company’s stock after purchasing an additional 600 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in EOG Resources were worth $944,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Financial Life Planners purchased a new stake in shares of EOG Resources during the fourth quarter worth approximately $25,000. Y.D. More Investments Ltd increased its stake in EOG Resources by 149.4% in the 4th 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 period. Decker Retirement Planning Inc. purchased a new position in EOG Resources during the 4th quarter worth $27,000. Keystone Financial Group Inc. acquired a new stake in shares of EOG Resources in the 4th quarter worth $27,000. Finally, Eastern Bank purchased a new stake in shares of EOG Resources in the third quarter valued at about $28,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Insider Activity

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $120.89, for a total transaction of $483,560.00. Following the completion of the transaction, the chief operating officer now directly owns 42,703 shares in the company, valued at $5,162,365.67. The trade was a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Bank of America reiterated a “neutral” rating and issued a $144.00 price target (down previously from $151.00) on shares of EOG Resources in a report on Monday, January 13th. Benchmark reaffirmed a “hold” rating on shares of EOG Resources in a report on Monday, January 13th. Wolfe Research raised EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 price target on the stock in a research note on Friday, January 3rd. Citigroup raised their price objective on EOG Resources from $127.00 to $134.00 and gave the company a “neutral” rating in a research note on Tuesday, November 26th. Finally, Truist Financial boosted their target price on EOG Resources from $135.00 to $137.00 and gave the stock a “hold” rating in a research 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 assigned a strong buy rating to the stock. According to MarketBeat.com, EOG Resources has a consensus rating of “Moderate Buy” and a consensus price target of $144.85.

EOG Resources Stock Performance

Shares of EOG stock opened at $133.10 on Monday. EOG Resources, Inc. has a 52 week low of $109.06 and a 52 week high of $139.67. The company has a market capitalization of $74.86 billion, a price-to-earnings ratio of 10.72, a PEG ratio of 3.58 and a beta of 1.27. The company has a 50-day simple moving average of $128.36 and a 200 day simple moving average of $127.78. 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 declared that its Board of Directors has approved 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 reacquire up to 7% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

About EOG Resources

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.