EOG Resources, Inc. (NYSE:EOG) Shares Purchased by Cordatus Wealth Management LLC

Cordatus Wealth Management LLC boosted its stake in EOG Resources, Inc. (NYSE:EOG) by 5.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 5,703 shares of the energy exploration company’s stock after purchasing an additional 295 shares during the quarter. Cordatus Wealth Management LLC’s holdings in EOG Resources were worth $699,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. DRW Securities LLC grew its stake in EOG Resources by 98.6% in the 3rd quarter. DRW Securities LLC now owns 26,838 shares of the energy exploration company’s stock valued at $3,299,000 after acquiring an additional 13,324 shares during the period. Caprock Group LLC grew its stake in EOG Resources by 7.7% in the 3rd quarter. Caprock Group LLC now owns 12,112 shares of the energy exploration company’s stock valued at $1,489,000 after acquiring an additional 862 shares during the period. World Investment Advisors LLC acquired a new stake in EOG Resources in the 3rd quarter valued at $730,000. Mountain Lake Investment Management LLC acquired a new stake in EOG Resources in the 4th quarter valued at $735,000. Finally, Oak Ridge Investments LLC grew its stake in 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 valued at $5,059,000 after acquiring an additional 2,311 shares during the period. Institutional investors and hedge funds own 89.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on EOG. Wolfe Research upgraded EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 price objective on the stock in a report on Friday, January 3rd. Benchmark restated a “hold” rating on shares of EOG Resources in a report on Monday, January 13th. Mizuho decreased their price objective on EOG Resources from $156.00 to $148.00 and set an “outperform” rating on the stock in a report on Monday, December 16th. Bank of America restated a “neutral” rating and issued a $144.00 price objective (down previously from $151.00) on shares of EOG Resources in a report on Monday, January 13th. Finally, Citigroup raised their price objective on EOG Resources from $127.00 to $134.00 and gave the company a “neutral” rating in a report on Tuesday, November 26th. Twelve research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $144.14.

EOG Resources Stock Up 0.9 %

Shares of EOG opened at $135.73 on Friday. The firm has a market cap of $76.34 billion, a P/E ratio of 10.93, a price-to-earnings-growth ratio of 3.55 and a beta of 1.27. EOG Resources, Inc. has a 12-month low of $109.06 and a 12-month high of $139.67. The company’s 50-day moving average price is $128.23 and its 200 day moving average price is $127.64. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13.

EOG Resources declared that its board has authorized a stock repurchase plan on Thursday, November 7th that permits the company to repurchase $5.00 billion in 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 generally an indication that the company’s board of directors believes its stock is undervalued.

Insider Activity at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 4,000 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $5,162,365.67. The trade was a 8.56 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.30% of the stock is owned by 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.