New Mexico Educational Retirement Board Has $3.33 Million Stake in EOG Resources, Inc. (NYSE:EOG)

New Mexico Educational Retirement Board decreased its holdings in EOG Resources, Inc. (NYSE:EOG) by 3.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,158 shares of the energy exploration company’s stock after selling 900 shares during the quarter. New Mexico Educational Retirement Board’s holdings in EOG Resources were worth $3,329,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Insight Inv LLC raised its stake in EOG Resources by 0.8% in the 3rd quarter. Insight Inv LLC now owns 9,385 shares of the energy exploration company’s stock worth $1,154,000 after purchasing an additional 75 shares in the last quarter. Essex Financial Services Inc. raised its stake in EOG Resources by 1.3% in the 4th quarter. Essex Financial Services Inc. now owns 6,145 shares of the energy exploration company’s stock worth $753,000 after purchasing an additional 79 shares in the last quarter. Rosenberg Matthew Hamilton increased its holdings in EOG Resources by 3.0% in the 4th quarter. Rosenberg Matthew Hamilton now owns 2,921 shares of the energy exploration company’s stock valued at $358,000 after buying an additional 84 shares during the period. Grove Bank & Trust increased its holdings in EOG Resources by 10.0% in the 4th quarter. Grove Bank & Trust now owns 928 shares of the energy exploration company’s stock valued at $114,000 after buying an additional 84 shares during the period. Finally, Perigon Wealth Management LLC increased its holdings in EOG Resources by 2.6% in the 4th quarter. Perigon Wealth Management LLC now owns 3,342 shares of the energy exploration company’s stock valued at $410,000 after buying an additional 84 shares during the period. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Trading Up 0.3 %

EOG opened at $129.40 on Friday. The firm has a market capitalization of $72.78 billion, a price-to-earnings ratio of 10.42, a PEG ratio of 3.36 and a beta of 1.27. EOG Resources, Inc. has a fifty-two week low of $109.06 and a fifty-two week 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. The company’s 50 day moving average price is $127.79 and its two-hundred day moving average price is $127.42.

EOG Resources declared that its board has initiated a share 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 buy up to 7% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

Insider Transactions at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the business’s 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 transaction, the chief operating officer now owns 42,703 shares in the company, valued at approximately $5,162,365.67. The trade was a 8.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Janet F. Clark sold 568 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $135.33, for a total transaction of $76,867.44. Following the completion of the transaction, the director now owns 43,532 shares in the company, valued at $5,891,185.56. This trade represents a 1.29 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.30% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Truist Financial raised their target price on shares of EOG Resources from $135.00 to $137.00 and gave the company a “hold” rating in a report on Monday, January 13th. StockNews.com raised shares of EOG Resources from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. Mizuho decreased their target price on shares of EOG Resources from $156.00 to $148.00 and set an “outperform” rating on the stock in a report on Monday, December 16th. Piper Sandler raised their target price on shares of EOG Resources from $140.00 to $141.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Finally, Raymond James raised their target price on shares of EOG Resources from $167.00 to $175.00 and gave the company a “strong-buy” rating in a report on Thursday, January 23rd. Twelve research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $144.14.

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.