Davidson Investment Advisors Purchases 823 Shares of EOG Resources, Inc. (NYSE:EOG)

Davidson Investment Advisors raised its position in shares of EOG Resources, Inc. (NYSE:EOG) by 0.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 165,495 shares of the energy exploration company’s stock after purchasing an additional 823 shares during the quarter. Davidson Investment Advisors’ holdings in EOG Resources were worth $20,286,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Insight Inv LLC increased its stake in EOG Resources by 0.8% in the third quarter. Insight Inv LLC now owns 9,385 shares of the energy exploration company’s stock worth $1,154,000 after purchasing an additional 75 shares during the period. Essex Financial Services Inc. boosted its position in EOG Resources by 1.3% during the fourth quarter. Essex Financial Services Inc. now owns 6,145 shares of the energy exploration company’s stock valued at $753,000 after purchasing an additional 79 shares in the last quarter. Valmark Advisers Inc. boosted its position in EOG Resources by 2.6% during the fourth quarter. Valmark Advisers Inc. now owns 3,140 shares of the energy exploration company’s stock valued at $385,000 after purchasing an additional 79 shares in the last quarter. Rosenberg Matthew Hamilton boosted its position in EOG Resources by 3.0% during the fourth quarter. Rosenberg Matthew Hamilton now owns 2,921 shares of the energy exploration company’s stock valued at $358,000 after purchasing an additional 84 shares in the last quarter. Finally, Grove Bank & Trust boosted its position in EOG Resources by 10.0% during the fourth quarter. Grove Bank & Trust now owns 928 shares of the energy exploration company’s stock valued at $114,000 after purchasing an additional 84 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors.

EOG Resources Stock Up 0.3 %

Shares of EOG opened at $129.40 on Tuesday. 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 12 month low of $109.06 and a 12 month high of $139.67. The stock’s 50 day moving average is $127.79 and its two-hundred day moving average is $127.43. The firm has a market cap of $72.78 billion, a P/E ratio of 10.42, a PEG ratio of 3.36 and a beta of 1.27.

EOG Resources announced that its Board of Directors has initiated a share buyback program 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 shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

EOG has been the subject of a number of research analyst reports. Bank of America reiterated a “neutral” rating and issued a $144.00 price target (down from $151.00) on shares of EOG Resources in a research note on Monday, January 13th. Truist Financial increased their price target on EOG Resources from $135.00 to $137.00 and gave the company a “hold” rating in a research note on Monday, January 13th. Royal Bank of Canada upgraded EOG Resources from a “sector perform” rating to an “outperform” rating and increased their price target for the company from $150.00 to $155.00 in a research note on Wednesday, February 12th. Raymond James raised their price objective on EOG Resources from $167.00 to $175.00 and gave the stock a “strong-buy” rating in a research note on Thursday, January 23rd. Finally, Piper Sandler raised their price objective on EOG Resources from $140.00 to $141.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Twelve research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $144.14.

Insider Buying and Selling at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the firm’s 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 sale, the chief operating officer now directly owns 42,703 shares of the company’s stock, valued at approximately $5,162,365.67. This trade represents a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.30% of the stock is owned by corporate insiders.

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.