Stratos Wealth Partners LTD. Has $3.25 Million Stake in EOG Resources, Inc. (NYSE:EOG)

Stratos Wealth Partners LTD. raised its position in EOG Resources, Inc. (NYSE:EOG) by 6.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,482 shares of the energy exploration company’s stock after acquiring an additional 1,511 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in EOG Resources were worth $3,246,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Financial Life Planners bought a new position in EOG Resources during the fourth quarter worth about $25,000. Northwest Investment Counselors LLC bought a new position in shares of EOG Resources during the 3rd quarter worth approximately $26,000. Decker Retirement Planning Inc. acquired a new position in shares of EOG Resources during the 4th quarter worth approximately $27,000. Eastern Bank bought a new stake in EOG Resources in the 3rd quarter valued at $28,000. Finally, Capital Performance Advisors LLP acquired a new stake in EOG Resources during the 3rd quarter valued at $31,000. Institutional investors own 89.91% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on EOG. Bank of America reiterated a “neutral” rating and issued a $144.00 price objective (down from $151.00) on shares of EOG Resources in a report on Monday, January 13th. Truist Financial increased their price target on shares of EOG Resources from $135.00 to $137.00 and gave the company a “hold” rating in a report on Monday, January 13th. Wells Fargo & Company upgraded EOG Resources from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $147.00 to $150.00 in a report on Tuesday, December 17th. Royal Bank of Canada reiterated a “sector perform” rating and set a $150.00 target price on shares of EOG Resources in a research note on Monday, January 6th. Finally, Citigroup boosted their price target on EOG Resources from $127.00 to $134.00 and gave the company a “neutral” rating in a research note on Tuesday, November 26th. Thirteen investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $143.90.

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 dated Tuesday, December 31st. The stock was sold at an average price of $120.89, for a total transaction of $483,560.00. Following 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 trade represents a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Janet F. Clark sold 568 shares of the business’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $135.33, for a total value of $76,867.44. Following the sale, the director now owns 43,532 shares in the company, valued at approximately $5,891,185.56. This trade represents a 1.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.30% of the company’s stock.

EOG Resources Price Performance

EOG Resources stock opened at $126.34 on Friday. The stock has a fifty day moving average of $128.07 and a 200-day moving average of $127.29. The stock has a market capitalization of $71.06 billion, a P/E ratio of 10.17, a price-to-earnings-growth ratio of 3.33 and a beta of 1.27. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. EOG Resources, Inc. has a 52 week low of $109.06 and a 52 week high of $139.67.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Thursday, November 7th. The energy exploration company reported $2.89 earnings per share for the quarter, beating analysts’ consensus estimates of $2.73 by $0.16. The company had revenue of $5.97 billion for the quarter, compared to the consensus estimate of $6.03 billion. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. During the same period last year, the company posted $3.44 EPS. On average, sell-side analysts expect that EOG Resources, Inc. will post 11.46 earnings per share for the current fiscal year.

EOG Resources declared that its Board of Directors has initiated a stock buyback plan 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 stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.

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.