EOG Resources, Inc. (NYSE:EOG) Shares Sold by Stack Financial Management Inc

Stack Financial Management Inc lowered its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 0.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 206,355 shares of the energy exploration company’s stock after selling 1,249 shares during the quarter. EOG Resources makes up about 2.3% of Stack Financial Management Inc’s investment portfolio, making the stock its 14th largest holding. Stack Financial Management Inc’s holdings in EOG Resources were worth $25,295,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Financial Life Planners acquired a new stake in shares of EOG Resources in the 4th quarter valued at about $25,000. Y.D. More Investments Ltd increased its holdings 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 buying an additional 121 shares during the last quarter. Decker Retirement Planning Inc. acquired a new stake in EOG Resources during the fourth quarter valued at approximately $27,000. Keystone Financial Group Inc. bought a new position in EOG Resources during the 4th quarter worth approximately $27,000. Finally, Capital Performance Advisors LLP acquired a new position in shares of EOG Resources in the 3rd quarter worth approximately $31,000. Institutional investors own 89.91% of the company’s stock.

Wall Street Analysts Forecast Growth

EOG has been the topic of several research analyst reports. Piper Sandler raised their price objective on EOG Resources from $140.00 to $141.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. 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 report on Monday, January 13th. Citigroup lifted their price target 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. Wolfe Research upgraded shares of EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 price objective on the stock in a research note on Friday, January 3rd. Finally, Wells Fargo & Company raised shares of EOG Resources from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $147.00 to $150.00 in a report on Tuesday, December 17th. Twelve investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $144.85.

EOG Resources Stock Performance

EOG stock opened at $133.50 on Tuesday. EOG Resources, Inc. has a fifty-two week low of $111.13 and a fifty-two week high of $139.67. The company has a market capitalization of $75.08 billion, a P/E ratio of 10.75, a PEG ratio of 3.58 and a beta of 1.27. The company has a 50-day simple moving average of $128.53 and a 200 day simple moving average of $127.83. 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 announced that its Board of Directors has approved 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 often a sign that the company’s board believes its shares are undervalued.

Insider Activity

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the company’s stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $120.89, for a total value of $483,560.00. Following the completion of 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 represents a 8.56 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.30% of the company’s stock.

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.