EOG Resources, Inc. (NYSE:EOG) Shares Purchased by Ieq Capital LLC

Ieq Capital LLC boosted its stake in EOG Resources, Inc. (NYSE:EOG) by 44.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,580 shares of the energy exploration company’s stock after buying an additional 10,946 shares during the period. Ieq Capital LLC’s holdings in EOG Resources were worth $4,361,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in EOG. Franklin Resources Inc. increased its position in EOG Resources by 64.7% in the third quarter. Franklin Resources Inc. now owns 5,284,228 shares of the energy exploration company’s stock worth $694,717,000 after buying an additional 2,076,134 shares during the period. Fisher Asset Management LLC grew its stake in shares of EOG Resources by 856.7% in the third quarter. Fisher Asset Management LLC now owns 1,200,851 shares of the energy exploration company’s stock worth $147,621,000 after purchasing an additional 1,075,334 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of EOG Resources by 577.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 696,596 shares of the energy exploration company’s stock worth $85,389,000 after purchasing an additional 593,823 shares in the last quarter. Empower Advisory Group LLC grew its stake in shares of EOG Resources by 21,218.1% in the fourth quarter. Empower Advisory Group LLC now owns 352,602 shares of the energy exploration company’s stock worth $43,222,000 after purchasing an additional 350,948 shares in the last quarter. Finally, Victory Capital Management Inc. grew 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 purchasing an additional 333,947 shares in the last quarter. 89.91% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently issued reports on EOG shares. Citigroup increased their price target on EOG Resources from $127.00 to $134.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 26th. Mizuho decreased 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. Truist Financial increased their price target on EOG Resources from $135.00 to $137.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. Raymond James increased their price target on EOG Resources from $167.00 to $175.00 and gave the stock a “strong-buy” rating in a research note on Thursday, January 23rd. Finally, Benchmark reaffirmed a “hold” rating on shares of EOG Resources in a research note on Monday, January 13th. Thirteen research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $144.14.

EOG Resources Trading Down 1.9 %

NYSE:EOG opened at $133.10 on Friday. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. EOG Resources, Inc. has a 1-year low of $109.06 and a 1-year high of $139.67. The firm has a market capitalization of $74.86 billion, a price-to-earnings ratio of 10.72, a price-to-earnings-growth ratio of 3.55 and a beta of 1.27. The stock has a fifty day simple moving average of $128.36 and a 200 day simple moving average of $127.71.

EOG Resources announced that its Board of Directors has initiated a stock repurchase program on Thursday, November 7th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the energy exploration company to purchase up to 7% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

Insider Activity at EOG Resources

In related 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 completion of the sale, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.30% of the stock is currently owned by corporate insiders.

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.