Cordatus Wealth Management LLC Buys 295 Shares of EOG Resources, Inc. (NYSE:EOG)

Cordatus Wealth Management LLC lifted its stake in EOG Resources, Inc. (NYSE:EOG) by 5.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,703 shares of the energy exploration company’s stock after purchasing an additional 295 shares during the period. Cordatus Wealth Management LLC’s holdings in EOG Resources were worth $699,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Franklin Resources Inc. grew its holdings in EOG Resources by 64.7% during the 3rd quarter. Franklin Resources Inc. now owns 5,284,228 shares of the energy exploration company’s stock worth $694,717,000 after acquiring an additional 2,076,134 shares in the last quarter. Fisher Asset Management LLC grew its holdings in EOG Resources by 856.7% during the 3rd quarter. Fisher Asset Management LLC now owns 1,200,851 shares of the energy exploration company’s stock worth $147,621,000 after acquiring an additional 1,075,334 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in EOG Resources by 577.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 696,596 shares of the energy exploration company’s stock worth $85,389,000 after acquiring an additional 593,823 shares in the last quarter. Empower Advisory Group LLC grew its holdings in EOG Resources by 21,218.1% during the 4th quarter. Empower Advisory Group LLC now owns 352,602 shares of the energy exploration company’s stock worth $43,222,000 after acquiring an additional 350,948 shares in the last quarter. Finally, Victory Capital Management Inc. grew its holdings in EOG Resources by 42.8% during the 3rd quarter. Victory Capital Management Inc. now owns 1,113,429 shares of the energy exploration company’s stock worth $136,874,000 after acquiring an additional 333,947 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

EOG has been the topic of several recent research reports. StockNews.com upgraded shares of EOG Resources from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. Wolfe Research raised shares of EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 price target for the company in a research report on Friday, January 3rd. Mizuho decreased their price target on shares of EOG Resources from $156.00 to $148.00 and set an “outperform” rating for the company in a research report on Monday, December 16th. Raymond James increased 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, Wells Fargo & Company raised shares of EOG Resources from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $147.00 to $150.00 in a research report on Tuesday, December 17th. Twelve equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, EOG Resources currently has an average rating of “Moderate Buy” and a consensus price target of $144.14.

Insider Transactions at EOG Resources

In other news, 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 transaction of $483,560.00. Following the sale, the chief operating officer now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.30% of the company’s stock.

EOG Resources Stock Performance

EOG opened at $135.73 on Friday. EOG Resources, Inc. has a 12-month low of $109.06 and a 12-month 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 firm has a market capitalization of $76.34 billion, a PE ratio of 10.93, a P/E/G ratio of 3.55 and a beta of 1.27. The firm has a 50 day moving average of $128.23 and a two-hundred day moving average of $127.64.

EOG Resources announced that its Board of Directors has approved a share repurchase program 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 shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors 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.