EOG Resources, Inc. (NYSE:EOG) Shares Acquired by Oxbow Advisors LLC

Oxbow Advisors LLC increased its stake in EOG Resources, Inc. (NYSE:EOG) by 10.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 44,238 shares of the energy exploration company’s stock after buying an additional 4,316 shares during the period. Oxbow Advisors LLC’s holdings in EOG Resources were worth $5,423,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of EOG. Foundations Investment Advisors LLC grew its holdings in shares of EOG Resources by 10.7% in the 3rd quarter. Foundations Investment Advisors LLC now owns 1,838 shares of the energy exploration company’s stock worth $226,000 after acquiring an additional 178 shares during the last quarter. Sequoia Financial Advisors LLC grew its holdings in shares of EOG Resources by 44.2% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 10,603 shares of the energy exploration company’s stock worth $1,303,000 after acquiring an additional 3,251 shares during the last quarter. Eastern Bank acquired a new position in shares of EOG Resources in the 3rd quarter worth $28,000. Commerzbank Aktiengesellschaft FI grew its holdings in shares of EOG Resources by 43.8% in the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 3,035 shares of the energy exploration company’s stock worth $374,000 after acquiring an additional 924 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new position in shares of EOG Resources in the 3rd quarter worth $32,860,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

EOG Resources Price Performance

NYSE EOG opened at $133.10 on Friday. EOG Resources, Inc. has a fifty-two week low of $109.06 and a fifty-two week high of $139.67. The stock’s 50-day moving average is $128.36 and its two-hundred day moving average is $127.71. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. The firm has a market cap of $74.86 billion, a P/E ratio of 10.72, a price-to-earnings-growth ratio of 3.55 and a beta of 1.27.

EOG Resources declared that its board has authorized a stock buyback plan on Thursday, November 7th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the energy exploration company to repurchase up to 7% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Benchmark restated a “hold” rating on shares of EOG Resources in a report on Monday, January 13th. Bank of America reaffirmed a “neutral” rating and issued a $144.00 target price (down previously from $151.00) on shares of EOG Resources in a research report on Monday, January 13th. Mizuho decreased their target price on EOG Resources from $156.00 to $148.00 and set an “outperform” rating for the company in a research report on Monday, December 16th. Wells Fargo & Company raised 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 research report on Tuesday, December 17th. Finally, Raymond James raised their target price on EOG Resources from $167.00 to $175.00 and gave the stock a “strong-buy” rating in a research report on Thursday, January 23rd. Thirteen analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $144.14.

Insider Buying and Selling at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the firm’s 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 transaction, the chief operating officer now directly owns 42,703 shares in the company, valued at $5,162,365.67. This trade represents a 8.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate 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.