Wealth Alliance Has $320,000 Stock Position in EOG Resources, Inc. (NYSE:EOG)

Wealth Alliance lowered its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 10.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,612 shares of the energy exploration company’s stock after selling 305 shares during the period. Wealth Alliance’s holdings in EOG Resources were worth $320,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Financial Life Planners bought a new position in EOG Resources in the fourth quarter worth approximately $25,000. Y.D. More Investments Ltd boosted its holdings in EOG Resources by 149.4% in the fourth quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company’s stock worth $25,000 after acquiring an additional 121 shares in the last quarter. Decker Retirement Planning Inc. bought a new position in EOG Resources in the fourth quarter worth approximately $27,000. Keystone Financial Group Inc. bought a new position in EOG Resources in the fourth quarter worth approximately $27,000. Finally, Eastern Bank bought a new position in EOG Resources in the third quarter worth approximately $28,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Stock Performance

Shares of EOG Resources stock opened at $133.10 on Friday. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. The business’s fifty day simple moving average is $128.36 and its 200 day simple moving average is $127.71. EOG Resources, Inc. has a 12 month low of $109.06 and a 12 month high of $139.67. The firm has a market capitalization of $74.86 billion, a P/E ratio of 10.72, a price-to-earnings-growth ratio of 3.55 and a beta of 1.27.

EOG Resources announced that its board has initiated a share buyback program on Thursday, November 7th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the energy exploration company to purchase up to 7% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Insiders Place Their Bets

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the firm’s stock in a transaction on 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 $5,162,365.67. This trade represents a 8.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.30% of the company’s stock.

Wall Street Analysts Forecast Growth

EOG has been the topic of several recent research reports. Benchmark reiterated a “hold” rating on shares of EOG Resources in a report on Monday, January 13th. Royal Bank of Canada upgraded EOG Resources from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from $150.00 to $155.00 in a report on Wednesday, February 12th. Truist Financial increased their price target on EOG Resources from $135.00 to $137.00 and gave the stock a “hold” rating in a report on Monday, January 13th. Raymond James raised their target price on EOG Resources from $167.00 to $175.00 and gave the company a “strong-buy” rating in a report on Thursday, January 23rd. Finally, Wolfe Research upgraded EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 target price on the stock in a report on Friday, January 3rd. Thirteen 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 stock. Based on data from MarketBeat.com, EOG Resources has a consensus rating of “Hold” and an average price target of $144.14.

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.