EOG Resources, Inc. (NYSE:EOG) Shares Purchased by Savant Capital LLC

Savant Capital LLC lifted its position in EOG Resources, Inc. (NYSE:EOG) by 33.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,880 shares of the energy exploration company’s stock after acquiring an additional 4,933 shares during the quarter. Savant Capital LLC’s holdings in EOG Resources were worth $2,437,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Financial Life Planners bought a new position in EOG Resources during the fourth quarter worth $25,000. Y.D. More Investments Ltd boosted its holdings in shares of 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. Northwest Investment Counselors LLC bought a new stake in shares of EOG Resources during the 3rd quarter valued at about $26,000. Decker Retirement Planning Inc. acquired a new stake in EOG Resources during the fourth quarter worth about $27,000. Finally, Keystone Financial Group Inc. bought a new position in EOG Resources in the fourth quarter worth about $27,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

Insider Buying and Selling

In related news, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources 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 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Janet F. Clark sold 568 shares of the business’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $135.33, for a total value of $76,867.44. Following the sale, the director now directly owns 43,532 shares in the company, valued at $5,891,185.56. This trade represents a 1.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.30% of the company’s stock.

EOG Resources Price Performance

Shares of EOG Resources stock opened at $128.83 on Thursday. EOG Resources, Inc. has a 52 week low of $109.06 and a 52 week high of $139.67. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. The company’s 50-day moving average price is $127.79 and its two-hundred day moving average price is $127.37. The stock has a market cap of $72.46 billion, a PE ratio of 10.37, a price-to-earnings-growth ratio of 3.36 and a beta of 1.27.

EOG Resources announced that its board has initiated a share buyback plan on Thursday, November 7th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the energy exploration company to reacquire up to 7% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on EOG. Wells Fargo & Company upgraded EOG Resources from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $147.00 to $150.00 in a research report on Tuesday, December 17th. Citigroup increased their target price on EOG Resources from $127.00 to $134.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 26th. Piper Sandler boosted their price target on shares of EOG Resources from $140.00 to $141.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Bank of America reaffirmed 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. Finally, Truist Financial boosted their target price on shares of EOG Resources from $135.00 to $137.00 and gave the company a “hold” rating in a research note on Monday, January 13th. 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 stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $144.14.

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.