Avestar Capital LLC Buys 590 Shares of EOG Resources, Inc. (NYSE:EOG)

Avestar Capital LLC lifted its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 22.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,184 shares of the energy exploration company’s stock after acquiring an additional 590 shares during the quarter. Avestar Capital LLC’s holdings in EOG Resources were worth $390,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Financial Life Planners bought a new stake in shares of EOG Resources during the 4th quarter worth about $25,000. Y.D. More Investments Ltd boosted its stake in EOG Resources by 149.4% during the 4th quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company’s stock valued at $25,000 after purchasing an additional 121 shares during the period. Northwest Investment Counselors LLC bought a new stake in EOG Resources during the 3rd quarter valued at approximately $26,000. Decker Retirement Planning Inc. bought a new stake in EOG Resources during the 4th quarter valued at approximately $27,000. Finally, Keystone Financial Group Inc. bought a new stake in EOG Resources during the 4th quarter valued at approximately $27,000. Institutional investors own 89.91% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on EOG shares. Bank of America restated a “neutral” rating and set a $144.00 target price (down previously from $151.00) on shares of EOG Resources in a research note on Monday, January 13th. Benchmark restated a “hold” rating on shares of EOG Resources in a research note on Monday, January 13th. Mizuho decreased their target price on EOG Resources from $156.00 to $148.00 and set an “outperform” rating for the company in a research note on Monday, December 16th. Piper Sandler upped their price target on EOG Resources from $140.00 to $141.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Finally, Wolfe Research raised EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 price target for the company in a report on Friday, January 3rd. Twelve research 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 company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $144.14.

EOG Resources Trading Up 0.3 %

EOG stock opened at $129.40 on Friday. The business has a fifty day moving average price of $127.76 and a 200 day moving average price of $127.39. EOG Resources, Inc. has a fifty-two week low of $109.06 and a fifty-two week high of $139.67. The stock has a market capitalization of $72.78 billion, a price-to-earnings ratio of 10.42, a P/E/G ratio of 3.36 and a beta of 1.27. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07.

EOG Resources declared that its Board of Directors has approved a share buyback plan on Thursday, November 7th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the energy exploration company to purchase up to 7% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Insider Activity at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 4,000 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at $5,162,365.67. This trade represents a 8.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Janet F. Clark sold 568 shares of the stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $135.33, for a total value of $76,867.44. Following the completion of the transaction, the director now owns 43,532 shares in the company, valued at $5,891,185.56. The trade was 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 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.