Savant Capital LLC Has $2.44 Million Stock Position in EOG Resources, Inc. (NYSE:EOG)

Savant Capital LLC raised its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 33.0% during the 4th quarter, HoldingsChannel reports. The fund owned 19,880 shares of the energy exploration company’s stock after purchasing an additional 4,933 shares during the period. Savant Capital LLC’s holdings in EOG Resources were worth $2,437,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Franklin Resources Inc. grew its position in EOG Resources by 64.7% during the third quarter. Franklin Resources Inc. now owns 5,284,228 shares of the energy exploration company’s stock valued at $694,717,000 after purchasing an additional 2,076,134 shares in the last quarter. Fisher Asset Management LLC boosted its stake in shares of 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 valued at $147,621,000 after buying an additional 1,075,334 shares during the period. Assenagon Asset Management S.A. grew its holdings in shares of 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 valued at $85,389,000 after acquiring an additional 593,823 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of EOG Resources by 42.8% in the third 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 during the last quarter. Finally, Bridgewater Associates LP raised its holdings in shares of EOG Resources by 1,003.6% during the third quarter. Bridgewater Associates LP now owns 343,160 shares of the energy exploration company’s stock worth $42,185,000 after acquiring an additional 312,064 shares in the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Stock Down 2.6 %

EOG opened at $128.83 on Thursday. 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 capitalization of $72.46 billion, a price-to-earnings ratio of 10.37, a P/E/G ratio of 3.36 and a beta of 1.27. The business has a 50 day moving average of $127.79 and a 200-day moving average of $127.37. EOG Resources, Inc. has a 1-year low of $109.06 and a 1-year high of $139.67.

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

Insider Activity

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the company’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 completion of the transaction, the chief operating officer now owns 42,703 shares of the company’s stock, valued at $5,162,365.67. This represents a 8.56 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Janet F. Clark sold 568 shares of EOG Resources stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $135.33, for a total value of $76,867.44. Following the sale, the director now directly owns 43,532 shares in the company, valued at $5,891,185.56. The trade was a 1.29 % decrease in their position. The disclosure for this sale can be found here. 0.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have commented on EOG shares. Citigroup boosted their target price on EOG Resources from $127.00 to $134.00 and gave the company a “neutral” rating in a research note on Tuesday, November 26th. Mizuho lowered their price target 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. Wells Fargo & Company raised shares of EOG Resources from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $147.00 to $150.00 in a research report on Tuesday, December 17th. Bank of America reissued a “neutral” rating and issued a $144.00 target price (down from $151.00) on shares of EOG Resources in a research report on Monday, January 13th. Finally, Wolfe Research upgraded shares of EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 price target on the stock in a report on Friday, January 3rd. Twelve investment 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’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $144.14.

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.