Amalgamated Bank Sells 3,795 Shares of EOG Resources, Inc. (NYSE:EOG)

Amalgamated Bank trimmed its holdings in EOG Resources, Inc. (NYSE:EOG) by 3.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 108,234 shares of the energy exploration company’s stock after selling 3,795 shares during the period. Amalgamated Bank’s holdings in EOG Resources were worth $13,267,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its holdings in EOG Resources by 0.4% in the 3rd 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 purchasing an additional 75,194 shares in the last quarter. Geode Capital Management LLC grew its holdings in EOG Resources by 1.5% during 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 buying an additional 180,755 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of 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 in the last quarter. Pacer Advisors Inc. boosted its position 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 acquiring an additional 214,497 shares during the last quarter. Finally, Yacktman Asset Management LP grew its stake in EOG Resources by 10.3% during 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 acquiring an additional 168,723 shares in the last quarter. Institutional investors own 89.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on EOG shares. Wolfe Research upgraded shares of EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 price target on the stock in a research note on Friday, January 3rd. Piper Sandler increased their price target on EOG Resources from $140.00 to $141.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Royal Bank of Canada raised EOG Resources from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from $150.00 to $155.00 in a research note on Wednesday, February 12th. Raymond James increased their target price on EOG Resources from $167.00 to $175.00 and gave the company a “strong-buy” rating in a research report on Thursday, January 23rd. Finally, Wells Fargo & Company upgraded shares of EOG Resources from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $147.00 to $150.00 in a research report on Tuesday, December 17th. Twelve analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, EOG Resources currently has an average rating of “Moderate Buy” and an average target price of $144.85.

EOG Resources Trading Down 1.8 %

EOG opened at $131.23 on Wednesday. EOG Resources, Inc. has a one year low of $111.13 and a one year high of $139.67. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. The stock has a market cap of $73.81 billion, a price-to-earnings ratio of 10.57, a P/E/G ratio of 3.58 and a beta of 1.27. The stock’s 50 day moving average price is $128.69 and its 200-day moving average price is $127.86.

EOG Resources announced that its Board of Directors has authorized a share repurchase plan on Thursday, November 7th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the energy exploration company to reacquire up to 7% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources 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 directly owns 42,703 shares in the company, valued at approximately $5,162,365.67. This trade represents a 8.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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.