Empower Advisory Group LLC Has $43.22 Million Stock Position in EOG Resources, Inc. (NYSE:EOG)

Empower Advisory Group LLC raised its holdings in EOG Resources, Inc. (NYSE:EOG) by 21,218.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 352,602 shares of the energy exploration company’s stock after acquiring an additional 350,948 shares during the quarter. Empower Advisory Group LLC’s holdings in EOG Resources were worth $43,222,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Insight Inv LLC grew its holdings 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. grew its stake in EOG Resources by 1.3% in the fourth quarter. Essex Financial Services Inc. now owns 6,145 shares of the energy exploration company’s stock valued at $753,000 after acquiring an additional 79 shares during the period. Valmark Advisers Inc. increased its holdings in shares of 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 acquiring an additional 79 shares in the last quarter. Rosenberg Matthew Hamilton raised its position in shares of EOG Resources by 3.0% during the fourth quarter. Rosenberg Matthew Hamilton now owns 2,921 shares of the energy exploration company’s stock worth $358,000 after purchasing an additional 84 shares during the period. Finally, Grove Bank & Trust lifted its holdings in shares of EOG Resources by 10.0% in the 4th quarter. Grove Bank & Trust now owns 928 shares of the energy exploration company’s stock worth $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 Performance

Shares of EOG stock opened at $129.40 on Tuesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. The firm has a market cap of $72.78 billion, a price-to-earnings ratio of 10.42, a P/E/G ratio of 3.36 and a beta of 1.27. EOG Resources, Inc. has a 52 week low of $109.06 and a 52 week high of $139.67. The firm’s 50-day simple moving average is $127.79 and its two-hundred day simple moving average is $127.43.

EOG Resources declared that its Board of Directors has approved a share repurchase plan 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 plans are often a sign that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

EOG has been the subject of a number of recent research reports. Benchmark restated a “hold” rating on shares of EOG Resources in a research note on Monday, January 13th. StockNews.com raised shares of EOG Resources from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Citigroup raised their price target on shares of EOG Resources from $127.00 to $134.00 and gave the company a “neutral” rating in a research report on Tuesday, November 26th. Truist Financial boosted their price objective on EOG Resources from $135.00 to $137.00 and gave the stock a “hold” rating in a report on Monday, January 13th. Finally, Royal Bank of Canada raised EOG Resources from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from $150.00 to $155.00 in a research report on Wednesday, February 12th. Twelve analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, EOG Resources currently has a consensus rating of “Moderate Buy” and a consensus target price of $144.14.

Insider Transactions at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $120.89, for a total transaction of $483,560.00. Following the completion of the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.30% of the stock is currently owned by company insiders.

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.