EOG Resources, Inc. (NYSE:EOG) Shares Purchased by Davidson Investment Advisors

Davidson Investment Advisors boosted its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 0.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 165,495 shares of the energy exploration company’s stock after buying an additional 823 shares during the period. Davidson Investment Advisors’ holdings in EOG Resources were worth $20,286,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EOG. Creative Planning boosted its stake in EOG Resources by 0.9% during the third quarter. Creative Planning now owns 209,875 shares of the energy exploration company’s stock worth $25,800,000 after buying an additional 1,773 shares during the last quarter. Global Retirement Partners LLC boosted its stake in EOG Resources by 21.4% during the third quarter. Global Retirement Partners LLC now owns 2,907 shares of the energy exploration company’s stock worth $357,000 after buying an additional 512 shares during the last quarter. Raymond James & Associates boosted its stake in EOG Resources by 6.1% during the third quarter. Raymond James & Associates now owns 986,545 shares of the energy exploration company’s stock worth $121,276,000 after buying an additional 56,515 shares during the last quarter. AA Financial Advisors LLC acquired a new position in EOG Resources during the third quarter worth $318,000. Finally, Vest Financial LLC boosted its stake in EOG Resources by 19.9% during the third quarter. Vest Financial LLC now owns 214,756 shares of the energy exploration company’s stock worth $26,400,000 after buying an additional 35,613 shares during the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

Insider Buying and Selling at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $120.89, for a total value of $483,560.00. Following the transaction, the chief operating officer now owns 42,703 shares in the company, valued at approximately $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 can be accessed through this link. 0.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have commented on EOG. Mizuho reduced their target price on EOG Resources from $156.00 to $148.00 and set an “outperform” rating on the stock in a research report on Monday, December 16th. Royal Bank of Canada upgraded 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. Piper Sandler lifted their target price on EOG Resources from $140.00 to $141.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Bank of America restated a “neutral” rating and issued a $144.00 target price (down previously from $151.00) on shares of EOG Resources in a research report on Monday, January 13th. Finally, Wells Fargo & Company upgraded EOG Resources from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $147.00 to $150.00 in a research report on Tuesday, December 17th. Twelve investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $144.14.

EOG Resources Price Performance

EOG stock opened at $129.40 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. The firm has a market capitalization of $72.78 billion, a P/E ratio of 10.42, a P/E/G ratio of 3.36 and a beta of 1.27. The business’s 50-day moving average is $127.79 and its two-hundred day moving average is $127.43. 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 plan on Thursday, November 7th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the energy exploration company to reacquire up to 7% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.

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.