Denali Advisors LLC Makes New Investment in EOG Resources, Inc. (NYSE:EOG)

Denali Advisors LLC bought a new position in shares of EOG Resources, Inc. (NYSE:EOG) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 4,200 shares of the energy exploration company’s stock, valued at approximately $515,000.

Several other institutional investors have also recently made changes to their positions in EOG. Financial Life Planners purchased a new stake in EOG Resources in the fourth quarter worth $25,000. Y.D. More Investments Ltd boosted its holdings in shares of EOG Resources by 149.4% during the 4th 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 in the last quarter. Decker Retirement Planning Inc. bought a new stake in shares of EOG Resources during the 4th quarter valued at $27,000. Keystone Financial Group Inc. purchased a new stake in shares of EOG Resources in the 4th quarter worth about $27,000. Finally, Capital Performance Advisors LLP bought a new position in shares of EOG Resources in the 3rd quarter worth about $31,000. Institutional investors own 89.91% of the company’s stock.

Insider Transactions at EOG Resources

In other 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 transaction of $483,560.00. Following the completion of the sale, the chief operating officer now owns 42,703 shares of the company’s stock, valued at $5,162,365.67. This represents a 8.56 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Citigroup upped their price objective on shares of EOG Resources from $127.00 to $134.00 and gave the stock a “neutral” rating in a report on Tuesday, November 26th. Royal Bank of Canada raised EOG Resources from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from $150.00 to $155.00 in a research report on Wednesday, February 12th. Wells Fargo & Company raised EOG Resources from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $147.00 to $150.00 in a research report on Tuesday, December 17th. Piper Sandler boosted their target price on EOG Resources from $140.00 to $141.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Finally, Benchmark reissued a “hold” rating on shares of EOG Resources in a research note on Monday, January 13th. Twelve investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $144.85.

EOG Resources Trading Down 1.2 %

Shares of EOG stock opened at $129.70 on Thursday. The stock has a market capitalization of $72.95 billion, a P/E ratio of 10.44, a P/E/G ratio of 3.58 and a beta of 1.27. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. The firm’s 50 day moving average is $128.90 and its 200 day moving average is $127.87. EOG Resources, Inc. has a 12-month low of $112.11 and a 12-month high of $139.67.

EOG Resources announced that its Board of Directors has approved a share buyback plan on Thursday, November 7th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the energy exploration company to purchase up to 7% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s management 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.