EOG Resources, Inc. (NYSE:EOG) Shares Purchased by Advisor OS LLC

Advisor OS LLC lifted its stake in EOG Resources, Inc. (NYSE:EOG) by 3.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,751 shares of the energy exploration company’s stock after purchasing an additional 82 shares during the quarter. Advisor OS LLC’s holdings in EOG Resources were worth $337,000 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 acquired a new stake in EOG Resources during the fourth quarter worth $25,000. Y.D. More Investments Ltd increased its stake in 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 acquiring an additional 121 shares during the last quarter. Decker Retirement Planning Inc. acquired a new stake in EOG Resources during the fourth quarter worth $27,000. Keystone Financial Group Inc. acquired a new stake in EOG Resources during the fourth quarter worth $27,000. Finally, Capital Performance Advisors LLP acquired a new stake in EOG Resources during the third quarter worth $31,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

Insider Activity at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the stock in a transaction 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 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.30% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on EOG shares. Benchmark reissued a “hold” rating on shares of EOG Resources in a research note on Monday, January 13th. Piper Sandler lifted their target price on EOG Resources from $140.00 to $141.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Wells Fargo & Company raised EOG Resources from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $147.00 to $150.00 in a report on Tuesday, December 17th. Citigroup lifted their price target on EOG Resources from $127.00 to $134.00 and gave the stock a “neutral” rating in a report on Tuesday, November 26th. Finally, Bank of America reiterated a “neutral” rating and set a $144.00 target price (down previously from $151.00) on shares of EOG Resources in a research report on Monday, January 13th. Twelve research 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 data from MarketBeat.com, EOG Resources has an average rating of “Moderate Buy” and a consensus price target of $144.85.

EOG Resources Stock Up 0.5 %

Shares of EOG opened at $130.55 on Friday. The firm has a market capitalization of $73.43 billion, a P/E ratio of 10.51, a P/E/G ratio of 3.58 and a beta of 1.27. The company has a 50-day simple moving average of $129.14 and a 200-day simple moving average of $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 debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Friday, February 28th. The energy exploration company reported $2.74 earnings per share for the quarter, topping the consensus estimate of $2.55 by $0.19. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The firm had revenue of $5.59 billion for the quarter, compared to analysts’ expectations of $5.96 billion. On average, equities research analysts expect that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources declared that its board has authorized a share repurchase plan on Thursday, November 7th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the energy exploration company to reacquire up to 7% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s management 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.