New York State Common Retirement Fund Increases Stake in EOG Resources, Inc. (NYSE:EOG)

New York State Common Retirement Fund boosted its stake in EOG Resources, Inc. (NYSE:EOG) by 0.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 782,955 shares of the energy exploration company’s stock after purchasing an additional 1,800 shares during the period. New York State Common Retirement Fund’s holdings in EOG Resources were worth $95,975,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. DRW Securities LLC grew its position in shares of EOG Resources by 98.6% in the 3rd quarter. DRW Securities LLC now owns 26,838 shares of the energy exploration company’s stock worth $3,299,000 after buying an additional 13,324 shares during the last quarter. Caprock Group LLC grew its position in shares of EOG Resources by 7.7% in the 3rd quarter. Caprock Group LLC now owns 12,112 shares of the energy exploration company’s stock worth $1,489,000 after buying an additional 862 shares during the last quarter. World Investment Advisors LLC bought a new stake in shares of EOG Resources in the 3rd quarter worth approximately $730,000. Oak Ridge Investments LLC grew its position in shares of EOG Resources by 5.9% in the 4th quarter. Oak Ridge Investments LLC now owns 41,274 shares of the energy exploration company’s stock worth $5,059,000 after buying an additional 2,311 shares during the last quarter. Finally, KBC Group NV grew its position in shares of EOG Resources by 11.4% in the 3rd quarter. KBC Group NV now owns 119,132 shares of the energy exploration company’s stock worth $14,645,000 after buying an additional 12,210 shares during the last quarter. 89.91% of the stock is currently owned by institutional investors.

EOG Resources Stock Up 2.7 %

EOG stock opened at $134.52 on Thursday. EOG Resources, Inc. has a 1-year low of $109.06 and a 1-year high of $139.67. The business has a fifty day moving average price of $128.05 and a 200-day moving average price of $127.59. 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 stock has a market capitalization of $75.66 billion, a P/E ratio of 10.83, a P/E/G ratio of 3.42 and a beta of 1.27.

EOG Resources announced that its board has approved a share repurchase plan on Thursday, November 7th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the energy exploration company to reacquire up to 7% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

EOG has been the topic of a number of recent analyst reports. StockNews.com upgraded EOG Resources from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Bank of America restated a “neutral” rating and set a $144.00 price target (down from $151.00) on shares of EOG Resources in a research report on Monday, January 13th. Piper Sandler lifted their price target on EOG Resources from $140.00 to $141.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Wells Fargo & Company upgraded EOG Resources from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $147.00 to $150.00 in a research report on Tuesday, December 17th. Finally, Citigroup lifted their price target on EOG Resources from $127.00 to $134.00 and gave the company a “neutral” rating in a research report on Tuesday, November 26th. Twelve equities research 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. Based on data from MarketBeat.com, EOG Resources presently has a consensus rating of “Moderate Buy” and an average price target of $144.14.

Insider Transactions at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 4,000 shares of the company’s 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 sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.30% of the company’s stock.

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.