Northeast Investment Management Has $339,000 Stake in EOG Resources, Inc. (NYSE:EOG)

Northeast Investment Management raised its stake in EOG Resources, Inc. (NYSE:EOG) by 16.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,765 shares of the energy exploration company’s stock after buying an additional 395 shares during the period. Northeast Investment Management’s holdings in EOG Resources were worth $339,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in EOG. Financial Life Planners bought a new position in EOG Resources during the 4th quarter worth approximately $25,000. Y.D. More Investments Ltd lifted its holdings 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 period. Northwest Investment Counselors LLC bought a new stake in EOG Resources during the third quarter valued at $26,000. Decker Retirement Planning Inc. acquired a new stake in EOG Resources during the 4th quarter worth about $27,000. Finally, Keystone Financial Group Inc. bought a new position in shares of EOG Resources in the 4th quarter worth about $27,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on EOG shares. Wolfe Research upgraded EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 price objective on the stock in a research note on Friday, January 3rd. Citigroup increased their price target on shares of EOG Resources from $127.00 to $134.00 and gave the stock a “neutral” rating in a report on Tuesday, November 26th. Mizuho decreased their target price on shares of EOG Resources from $156.00 to $148.00 and set an “outperform” rating on the stock in a report on Monday, December 16th. Raymond James boosted their price target on shares of EOG Resources from $167.00 to $175.00 and gave the company a “strong-buy” rating in a research report on Thursday, January 23rd. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $150.00 price objective on shares of EOG Resources in a research note on Monday, January 6th. Thirteen equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, EOG Resources has an average rating of “Hold” and an average target price of $143.90.

Insider Buying and Selling

In other EOG Resources news, Director Janet F. Clark sold 568 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at $5,891,185.56. The trade was a 1.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the firm’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 value of $483,560.00. Following the completion of the sale, the chief operating officer now directly owns 42,703 shares of the company’s stock, valued at $5,162,365.67. The trade was a 8.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.30% of the stock is owned by company insiders.

EOG Resources Stock Performance

NYSE:EOG opened at $126.50 on Friday. EOG Resources, Inc. has a 52-week low of $109.06 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. The firm has a market capitalization 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 stock has a 50-day simple moving average of $127.80 and a two-hundred day simple moving average of $127.28.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Thursday, November 7th. The energy exploration company reported $2.89 earnings per share for the quarter, topping analysts’ consensus estimates of $2.73 by $0.16. The business had revenue of $5.97 billion during the quarter, compared to analyst estimates of $6.03 billion. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. During the same period in the prior year, the business posted $3.44 earnings per share. Analysts forecast that EOG Resources, Inc. will post 11.46 EPS for the current year.

EOG Resources announced that its board has authorized a stock repurchase program 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 programs are usually an indication that the company’s management believes its shares are undervalued.

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.