Pine Valley Investments Ltd Liability Co Takes $217,000 Position in EOG Resources, Inc. (NYSE:EOG)

Pine Valley Investments Ltd Liability Co purchased a new position in EOG Resources, Inc. (NYSE:EOG) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,772 shares of the energy exploration company’s stock, valued at approximately $217,000.

Several other institutional investors have also bought and sold shares of EOG. Financial Life Planners bought a new stake in shares of EOG Resources in the fourth quarter valued at $25,000. Y.D. More Investments Ltd increased its holdings in EOG Resources by 149.4% in the 4th quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company’s stock worth $25,000 after acquiring an additional 121 shares during the last quarter. Decker Retirement Planning Inc. bought a new stake in EOG Resources in the 4th quarter valued at about $27,000. Keystone Financial Group Inc. purchased a new stake in EOG Resources during the fourth quarter valued at about $27,000. Finally, Capital Performance Advisors LLP bought a new position in EOG Resources during the third quarter worth about $31,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on EOG shares. StockNews.com cut shares of EOG Resources from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. Benchmark reaffirmed a “hold” rating on shares of EOG Resources in a report on Monday, January 13th. Wolfe Research upgraded 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. Mizuho dropped their price objective on EOG Resources from $156.00 to $148.00 and set an “outperform” rating on the stock in a report on Monday, December 16th. Finally, Piper Sandler lifted their target price on EOG Resources from $140.00 to $141.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Twelve research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, EOG Resources presently has a consensus rating of “Moderate Buy” and a consensus price target of $144.85.

Insiders Place Their Bets

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 transaction of $483,560.00. Following the completion of 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 filing with the SEC, which is available at this hyperlink. 0.30% of the stock is owned by insiders.

EOG Resources Stock Performance

NYSE EOG opened at $130.55 on Friday. The company has a market capitalization of $73.43 billion, a P/E ratio of 10.51, a P/E/G ratio of 3.58 and a beta of 1.27. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. EOG Resources, Inc. has a 52-week low of $112.86 and a 52-week high of $139.67. The company has a fifty day moving average of $129.14 and a 200-day moving average of $127.89.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Friday, February 28th. The energy exploration company reported $2.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.55 by $0.19. The firm had revenue of $5.59 billion during the quarter, compared to analysts’ expectations of $5.96 billion. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. As a group, equities research analysts predict that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources announced that its board has authorized a share repurchase plan on Thursday, November 7th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the energy exploration company to buy up to 7% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

EOG Resources 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.