Waycross Partners LLC Purchases 2,862 Shares of EOG Resources, Inc. (NYSE:EOG)

Waycross Partners LLC raised its position in EOG Resources, Inc. (NYSE:EOG) by 3.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 98,472 shares of the energy exploration company’s stock after purchasing an additional 2,862 shares during the quarter. Waycross Partners LLC’s holdings in EOG Resources were worth $12,071,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Financial Life Planners bought a new position in EOG Resources in the 4th quarter valued at approximately $25,000. Y.D. More Investments Ltd raised its stake in shares of EOG Resources by 149.4% during the fourth quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company’s stock valued at $25,000 after acquiring an additional 121 shares during the last quarter. Northwest Investment Counselors LLC acquired a new position in shares of EOG Resources during the third quarter worth $26,000. Decker Retirement Planning Inc. bought a new stake in shares of EOG Resources in the fourth quarter worth $27,000. Finally, Keystone Financial Group Inc. acquired a new stake in EOG Resources in the fourth quarter valued at $27,000. 89.91% of the stock is owned by institutional investors and hedge funds.

EOG Resources Stock Performance

NYSE EOG opened at $129.40 on Tuesday. The company has a market cap of $72.78 billion, a P/E ratio of 10.42, a PEG ratio of 3.36 and a beta of 1.27. The company has a fifty day simple moving average of $127.79 and a 200 day simple moving average of $127.43. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. EOG Resources, Inc. has a 12-month low of $109.06 and a 12-month high of $139.67.

EOG Resources declared that its Board of Directors has authorized a stock repurchase 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 generally an indication that the company’s management believes its shares are undervalued.

Analysts Set New Price Targets

EOG has been the topic of several recent research reports. Raymond James lifted their target price on EOG Resources from $167.00 to $175.00 and gave the stock a “strong-buy” rating in a report on Thursday, January 23rd. Mizuho reduced their target price on EOG Resources from $156.00 to $148.00 and set an “outperform” rating on the stock in a report on Monday, December 16th. Wolfe Research upgraded shares of EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 price target for the company in a report on Friday, January 3rd. Truist Financial upped their price objective on shares of EOG Resources from $135.00 to $137.00 and gave the company a “hold” rating in a research note on Monday, January 13th. Finally, Citigroup boosted their target price on shares of EOG Resources from $127.00 to $134.00 and gave the company a “neutral” rating in a report on Tuesday, November 26th. Twelve analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $144.14.

Insider Buying and Selling at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $120.89, for a total value of $483,560.00. Following the completion of the sale, the chief operating officer now directly owns 42,703 shares of the company’s stock, valued at $5,162,365.67. This represents a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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.