Kentucky Retirement Systems Insurance Trust Fund Lowers Stock Holdings in EOG Resources, Inc. (NYSE:EOG)

Kentucky Retirement Systems Insurance Trust Fund reduced its stake in EOG Resources, Inc. (NYSE:EOG) by 42.6% during the fourth quarter, HoldingsChannel reports. The firm owned 9,667 shares of the energy exploration company’s stock after selling 7,168 shares during the period. Kentucky Retirement Systems Insurance Trust Fund’s holdings in EOG Resources were worth $1,185,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of EOG. Financial Life Planners purchased a new stake in EOG Resources in the fourth quarter valued at approximately $25,000. Y.D. More Investments Ltd raised its stake 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 valued at $25,000 after purchasing an additional 121 shares in the last quarter. Northwest Investment Counselors LLC purchased a new stake in EOG Resources in the third quarter valued at approximately $26,000. Decker Retirement Planning Inc. purchased a new stake in EOG Resources in the fourth quarter valued at approximately $27,000. Finally, Keystone Financial Group Inc. purchased a new stake in EOG Resources in the fourth quarter valued at approximately $27,000. 89.91% of the stock is owned by hedge funds and other institutional investors.

EOG Resources Stock Performance

NYSE:EOG opened at $130.92 on Wednesday. The stock has a market cap of $73.63 billion, a P/E ratio of 10.54, a price-to-earnings-growth ratio of 3.36 and a beta of 1.27. The firm’s fifty day simple moving average is $127.91 and its 200 day simple moving average is $127.54. EOG Resources, Inc. has a twelve month low of $109.06 and a twelve month high of $139.67. 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 declared that its Board of Directors has approved a stock repurchase plan on Thursday, November 7th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the energy exploration company to reacquire up to 7% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its stock is undervalued.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. StockNews.com raised shares of EOG Resources from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd. Raymond James lifted their price target on shares of EOG Resources from $167.00 to $175.00 and gave the stock a “strong-buy” rating in a research note on Thursday, January 23rd. Bank of America reissued a “neutral” rating and set a $144.00 price target (down from $151.00) on shares of EOG Resources in a research note on Monday, January 13th. Benchmark reissued a “hold” rating on shares of EOG Resources in a research note on Monday, January 13th. Finally, Mizuho decreased their price target on shares of EOG Resources from $156.00 to $148.00 and set an “outperform” rating on the stock in a research note on Monday, December 16th. Twelve analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $144.14.

Insider Activity at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $120.89, for a total value of $483,560.00. Following the sale, the chief operating officer now owns 42,703 shares in the company, valued at $5,162,365.67. The trade was a 8.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.30% of the stock is currently owned by company insiders.

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.