New York State Common Retirement Fund Purchases 1,800 Shares of EOG Resources, Inc. (NYSE:EOG)

New York State Common Retirement Fund lifted its position in shares of EOG Resources, Inc. (NYSE:EOG) by 0.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 782,955 shares of the energy exploration company’s stock after acquiring an additional 1,800 shares during the quarter. New York State Common Retirement Fund owned approximately 0.14% of EOG Resources worth $95,975,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in EOG. Financial Life Planners bought a new position in shares of EOG Resources during the 4th quarter worth $25,000. Y.D. More Investments Ltd boosted its stake in 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 worth $25,000 after purchasing an additional 121 shares during the period. Northwest Investment Counselors LLC bought a new position in EOG Resources in the 3rd quarter worth about $26,000. Decker Retirement Planning Inc. bought a new position in EOG Resources in the 4th quarter worth about $27,000. Finally, Keystone Financial Group Inc. bought a new position in EOG Resources in the 4th quarter worth about $27,000. Institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Performance

Shares of NYSE EOG opened at $134.52 on Thursday. The stock has a market cap of $75.66 billion, a price-to-earnings ratio of 10.83, a P/E/G ratio of 3.42 and a beta of 1.27. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. EOG Resources, Inc. has a 1-year low of $109.06 and a 1-year high of $139.67. The stock’s 50-day moving average is $128.05 and its 200 day moving average is $127.59.

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

Wall Street Analyst Weigh In

Several research analysts have commented on EOG shares. Wolfe Research upgraded EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 target price for the company in a research note on Friday, January 3rd. StockNews.com upgraded EOG Resources from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd. Citigroup raised their target price on EOG Resources from $127.00 to $134.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 26th. Raymond James lifted their price target on 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, Wells Fargo & Company upgraded EOG Resources from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $147.00 to $150.00 in a research report on Tuesday, December 17th. Twelve investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $144.14.

Insider Activity at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources stock in a transaction that occurred 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 of the company’s stock, valued at $5,162,365.67. The trade was a 8.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.30% of the stock is currently owned by insiders.

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.