EOG Resources, Inc. (NYSE:EOG) Shares Sold by Hardy Reed LLC

Hardy Reed LLC lessened its stake in EOG Resources, Inc. (NYSE:EOG) by 37.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,111 shares of the energy exploration company’s stock after selling 1,270 shares during the period. Hardy Reed LLC’s holdings in EOG Resources were worth $259,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. Sunpointe LLC acquired a new position in EOG Resources in the fourth quarter valued at $236,000. Ieq Capital LLC boosted its stake in shares of EOG Resources by 44.4% during the fourth quarter. Ieq Capital LLC now owns 35,580 shares of the energy exploration company’s stock worth $4,361,000 after buying an additional 10,946 shares during the period. Freedom Day Solutions LLC boosted its stake in shares of EOG Resources by 16.3% during the fourth quarter. Freedom Day Solutions LLC now owns 9,086 shares of the energy exploration company’s stock worth $1,114,000 after buying an additional 1,272 shares during the period. Emerald Advisors LLC boosted its stake in shares of EOG Resources by 6.3% during the fourth quarter. Emerald Advisors LLC now owns 4,880 shares of the energy exploration company’s stock worth $598,000 after buying an additional 291 shares during the period. Finally, Private Wealth Partners LLC boosted its stake in shares of EOG Resources by 4.2% during the fourth quarter. Private Wealth Partners LLC now owns 4,950 shares of the energy exploration company’s stock worth $607,000 after buying an additional 200 shares during the period. Institutional investors and hedge funds own 89.91% of the company’s stock.

Insider Activity

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the stock in a transaction that occurred 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 directly owns 42,703 shares in the company, valued at $5,162,365.67. This 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 is available through the SEC website. Company insiders own 0.30% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on EOG shares. Wells Fargo & Company upgraded shares of EOG Resources from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $147.00 to $150.00 in a research note on Tuesday, December 17th. Truist Financial increased their target price on shares of EOG Resources from $135.00 to $137.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. Benchmark reiterated a “hold” rating on shares of EOG Resources in a research note on Monday, January 13th. 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 report on Monday, January 13th. Finally, StockNews.com raised shares of EOG Resources from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. 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 company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $144.14.

EOG Resources Stock Up 2.7 %

EOG stock opened at $134.52 on Thursday. The company’s 50 day simple moving average is $128.05 and its 200-day simple moving average is $127.59. The firm has a market capitalization of $75.66 billion, a PE ratio of 10.83, a P/E/G ratio of 3.42 and a beta of 1.27. EOG Resources, Inc. has a 12 month low of $109.06 and a 12 month high of $139.67. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07.

EOG Resources announced that its board has approved a stock repurchase plan on Thursday, November 7th that allows the company to repurchase $5.00 billion in outstanding 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 usually a sign that the company’s board of directors believes its shares are 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.