Pine Valley Investments Ltd Liability Co Makes New $217,000 Investment in EOG Resources, Inc. (NYSE:EOG)

Pine Valley Investments Ltd Liability Co bought a new stake in shares of EOG Resources, Inc. (NYSE:EOG) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,772 shares of the energy exploration company’s stock, valued at approximately $217,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BankPlus Trust Department bought a new stake in EOG Resources during the 4th quarter valued at approximately $97,000. Edge Capital Group LLC boosted its position in shares of EOG Resources by 1.7% during the fourth quarter. Edge Capital Group LLC now owns 12,639 shares of the energy exploration company’s stock valued at $1,549,000 after purchasing an additional 206 shares in the last quarter. Rothschild Investment LLC grew its stake in EOG Resources by 1.9% in the fourth quarter. Rothschild Investment LLC now owns 10,197 shares of the energy exploration company’s stock worth $1,250,000 after purchasing an additional 192 shares during the period. IFP Advisors Inc raised its holdings in EOG Resources by 4.2% in the fourth quarter. IFP Advisors Inc now owns 13,121 shares of the energy exploration company’s stock worth $1,609,000 after purchasing an additional 528 shares in the last quarter. Finally, Colonial River Investments LLC lifted its position in EOG Resources by 12.5% during the fourth quarter. Colonial River Investments LLC now owns 2,841 shares of the energy exploration company’s stock valued at $348,000 after buying an additional 316 shares during the period. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Performance

Shares of NYSE EOG opened at $130.55 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’s 50-day moving average price is $129.14 and its 200-day moving average price is $127.89. EOG Resources, Inc. has a 52-week low of $112.86 and a 52-week high of $139.67. The company has a market cap of $73.43 billion, a PE ratio of 10.51, a PEG 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, topping analysts’ consensus estimates of $2.55 by $0.19. The business had revenue of $5.59 billion during the quarter, compared to the consensus estimate of $5.96 billion. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. As a group, analysts anticipate 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 allows the company to buyback $5.00 billion in shares. This buyback authorization allows the energy exploration company to purchase up to 7% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on EOG. StockNews.com downgraded shares of EOG Resources from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. Bank of America restated a “neutral” rating and issued a $144.00 price objective (down previously from $151.00) on shares of EOG Resources in a report on Monday, January 13th. Royal Bank of Canada upgraded shares of EOG Resources from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from $150.00 to $155.00 in a report on Wednesday, February 12th. Benchmark restated a “hold” rating on shares of EOG Resources in a research note on Monday, January 13th. Finally, Piper Sandler lifted their price objective on EOG Resources from $140.00 to $141.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Twelve investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, EOG Resources presently has an average rating of “Moderate Buy” and an average target price of $144.85.

Insider Activity at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the business’s stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $120.89, for a total transaction 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 $5,162,365.67. The trade was a 8.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.30% of the stock is owned by company insiders.

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.