TFB Advisors LLC Sells 292 Shares of EOG Resources, Inc. (NYSE:EOG)

TFB Advisors LLC reduced its position in shares of EOG Resources, Inc. (NYSE:EOG) by 13.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,868 shares of the energy exploration company’s stock after selling 292 shares during the period. TFB Advisors LLC’s holdings in EOG Resources were worth $229,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its position in EOG Resources by 0.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 17,411,032 shares of the energy exploration company’s stock worth $2,140,338,000 after buying an additional 75,194 shares during the period. Geode Capital Management LLC increased its position in EOG Resources by 1.5% during the third quarter. Geode Capital Management LLC now owns 12,315,735 shares of the energy exploration company’s stock worth $1,513,446,000 after acquiring an additional 180,755 shares during the period. Franklin Resources Inc. raised its stake in EOG Resources by 64.7% during the 3rd quarter. Franklin Resources Inc. now owns 5,284,228 shares of the energy exploration company’s stock valued at $694,717,000 after purchasing an additional 2,076,134 shares during the last quarter. Pacer Advisors Inc. grew its position in EOG Resources by 5.0% in the 4th quarter. Pacer Advisors Inc. now owns 4,469,142 shares of the energy exploration company’s stock worth $547,827,000 after purchasing an additional 214,497 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of EOG Resources by 3.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,653,922 shares of the energy exploration company’s stock worth $326,247,000 after purchasing an additional 79,988 shares during the period. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently weighed in on EOG. Benchmark reiterated a “hold” rating on shares of EOG Resources in a research note on Monday, January 13th. StockNews.com raised EOG Resources from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. Wolfe Research upgraded EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 target price for the company in a research note on Friday, January 3rd. Truist Financial raised their target price on EOG Resources from $135.00 to $137.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. Finally, Bank of America reissued a “neutral” rating and issued a $144.00 price target (down previously from $151.00) on shares of EOG Resources in a report on Monday, January 13th. Twelve analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $144.14.

Insider Activity

In other EOG Resources news, Director Janet F. Clark sold 568 shares of the stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $135.33, for a total transaction of $76,867.44. Following the sale, the director now owns 43,532 shares of the company’s stock, valued at $5,891,185.56. This represents a 1.29 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the firm’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. The trade was a 8.56 % decrease in their position. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by corporate insiders.

EOG Resources Trading Down 2.6 %

Shares of EOG opened at $128.83 on Thursday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. The company has a market cap of $72.46 billion, a price-to-earnings ratio of 10.37, a PEG ratio of 3.36 and a beta of 1.27. The stock has a fifty day moving average price of $127.79 and a two-hundred day moving average price of $127.37. EOG Resources, Inc. has a 52-week low of $109.06 and a 52-week high of $139.67.

EOG Resources declared that its Board of Directors has approved a share buyback plan on Thursday, November 7th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the energy exploration company to purchase up to 7% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board 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.