Shepherd Financial Partners LLC Cuts Stock Position in EOG Resources, Inc. (NYSE:EOG)

Shepherd Financial Partners LLC trimmed its position in shares of EOG Resources, Inc. (NYSE:EOG) by 1.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 17,105 shares of the energy exploration company’s stock after selling 328 shares during the period. Shepherd Financial Partners LLC’s holdings in EOG Resources were worth $2,097,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Tobam acquired a new position in shares of EOG Resources in the fourth quarter valued at approximately $352,000. Keystone Financial Group Inc. purchased a new position in EOG Resources in the 4th quarter valued at approximately $27,000. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of EOG Resources by 10.1% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 119,112 shares of the energy exploration company’s stock worth $14,601,000 after acquiring an additional 10,910 shares in the last quarter. Strategic Financial Concepts LLC purchased a new stake in shares of EOG Resources during the fourth quarter worth $1,675,000. Finally, Ledyard National Bank raised its stake in shares of EOG Resources by 90.7% in the fourth quarter. Ledyard National Bank now owns 27,318 shares of the energy exploration company’s stock valued at $3,349,000 after acquiring an additional 12,993 shares in the last quarter. 89.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

EOG has been the subject of several analyst reports. StockNews.com raised EOG Resources from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd. Bank of America restated a “neutral” rating and set a $144.00 target price (down from $151.00) on shares of EOG Resources in a research note on Monday, January 13th. Citigroup lifted their price target on shares of EOG Resources from $127.00 to $134.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 26th. KeyCorp dropped their price objective on shares of EOG Resources from $157.00 to $150.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $150.00 price objective on shares of EOG Resources in a research report on Monday, January 6th. Thirteen equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, EOG Resources currently has an average rating of “Hold” and an average target price of $143.90.

EOG Resources Price Performance

Shares of NYSE EOG opened at $126.50 on Friday. 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 stock has a market cap of $71.15 billion, a P/E ratio of 10.19, a P/E/G ratio of 3.33 and a beta of 1.27. The stock has a 50 day moving average of $127.93 and a two-hundred day moving average of $127.28. EOG Resources, Inc. has a twelve month low of $109.06 and a twelve month high of $139.67.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Thursday, November 7th. The energy exploration company reported $2.89 earnings per share for the quarter, topping analysts’ consensus estimates of $2.73 by $0.16. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The firm had revenue of $5.97 billion during the quarter, compared to analysts’ expectations of $6.03 billion. During the same quarter in the prior year, the business earned $3.44 EPS. On average, research analysts forecast that EOG Resources, Inc. will post 11.46 earnings per share for the current year.

EOG Resources declared that its Board of Directors has initiated a stock repurchase 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 repurchase up to 7% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its stock is undervalued.

Insider Activity

In related news, Director Janet F. Clark sold 568 shares of the business’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $135.33, for a total value of $76,867.44. Following 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 position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the company’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 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 represents a 8.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.20% of the company’s stock.

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.