Global Retirement Partners LLC Has $474,000 Stock Position in EOG Resources, Inc. (NYSE:EOG)

Global Retirement Partners LLC boosted its position in shares of EOG Resources, Inc. (NYSE:EOG) by 33.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 3,869 shares of the energy exploration company’s stock after buying an additional 962 shares during the quarter. Global Retirement Partners LLC’s holdings in EOG Resources were worth $474,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. raised its stake in shares of EOG Resources by 0.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 17,411,032 shares of the energy exploration company’s stock worth $2,140,338,000 after buying an additional 75,194 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of EOG Resources by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 12,315,735 shares of the energy exploration company’s stock valued at $1,513,446,000 after purchasing an additional 180,755 shares during the period. Franklin Resources Inc. boosted its position in shares of EOG Resources by 64.7% in the 3rd quarter. Franklin Resources Inc. now owns 5,284,228 shares of the energy exploration company’s stock worth $694,717,000 after purchasing an additional 2,076,134 shares during the last quarter. Pacer Advisors Inc. grew its stake in shares of EOG Resources by 5.0% during the fourth quarter. Pacer Advisors Inc. now owns 4,469,142 shares of the energy exploration company’s stock worth $547,827,000 after purchasing an additional 214,497 shares during the period. Finally, Yacktman Asset Management LP increased its holdings in EOG Resources by 10.3% in the fourth quarter. Yacktman Asset Management LP now owns 1,807,065 shares of the energy exploration company’s stock valued at $221,510,000 after purchasing an additional 168,723 shares during the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

EOG has been the topic of a number of recent analyst reports. Mizuho reduced their target price on EOG Resources from $156.00 to $148.00 and set an “outperform” rating on the stock in a report on Monday, December 16th. Citigroup boosted their price objective on shares of EOG Resources from $127.00 to $134.00 and gave the company a “neutral” rating in a report on Tuesday, November 26th. Raymond James increased their target price on shares of EOG Resources from $167.00 to $175.00 and gave the stock a “strong-buy” rating in a report on Thursday, January 23rd. Bank of America reissued a “neutral” rating and issued a $144.00 price target (down previously from $151.00) on shares of EOG Resources in a report on Monday, January 13th. Finally, Wolfe Research upgraded shares of EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 price objective for the company in a research report on Friday, January 3rd. Twelve equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, EOG Resources has an average rating of “Moderate Buy” and an average price target of $144.85.

Insider Activity

In related news, COO Jeffrey R. Leitzell sold 4,000 shares of the stock in a transaction that occurred 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 transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.30% of the stock is owned by corporate insiders.

EOG Resources Stock Performance

Shares of EOG opened at $133.10 on Monday. 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, Inc. has a 12 month low of $109.06 and a 12 month high of $139.67. The firm has a fifty day simple moving average of $128.36 and a 200 day simple moving average of $127.78. The stock has a market capitalization of $74.86 billion, a price-to-earnings ratio of 10.72, a PEG ratio of 3.58 and a beta of 1.27.

EOG Resources declared that its Board of Directors has approved a share 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 buy 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.

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.