EOG Resources, Inc. (NYSE:EOG) Shares Bought by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC lifted its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 6.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,494 shares of the energy exploration company’s stock after acquiring an additional 263 shares during the quarter. Valeo Financial Advisors LLC’s holdings in EOG Resources were worth $551,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of EOG. Creative Planning boosted its stake in shares of EOG Resources by 0.9% during the 3rd quarter. Creative Planning now owns 209,875 shares of the energy exploration company’s stock worth $25,800,000 after acquiring an additional 1,773 shares in the last quarter. Global Retirement Partners LLC boosted its stake in shares of EOG Resources by 21.4% during the 3rd quarter. Global Retirement Partners LLC now owns 2,907 shares of the energy exploration company’s stock worth $357,000 after acquiring an additional 512 shares in the last quarter. V Square Quantitative Management LLC boosted its stake in shares of EOG Resources by 80.7% during the 3rd quarter. V Square Quantitative Management LLC now owns 3,472 shares of the energy exploration company’s stock worth $427,000 after acquiring an additional 1,551 shares in the last quarter. Stratos Wealth Advisors LLC boosted its stake in shares of EOG Resources by 59.2% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 16,111 shares of the energy exploration company’s stock worth $1,981,000 after acquiring an additional 5,994 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in shares of EOG Resources by 32.6% during the 3rd quarter. Blue Trust Inc. now owns 10,748 shares of the energy exploration company’s stock worth $1,353,000 after acquiring an additional 2,644 shares in the last quarter. 89.91% of the stock is owned by institutional investors.

Insider Transactions at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources 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 sale, the chief operating officer now directly owns 42,703 shares of the company’s stock, 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 through this hyperlink. Also, Director Janet F. Clark sold 568 shares of EOG Resources stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $135.33, for a total value of $76,867.44. Following the sale, the director now directly owns 43,532 shares in the company, valued at approximately $5,891,185.56. This trade represents a 1.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Citigroup raised their target price on EOG Resources from $127.00 to $134.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 26th. 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. Piper Sandler raised their target price on EOG Resources from $140.00 to $141.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. 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. Finally, 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. Twelve analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $144.14.

EOG Resources Price Performance

NYSE EOG opened at $129.40 on Monday. 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 stock’s 50-day moving average is $127.79 and its two-hundred day moving average is $127.43. The firm has a market cap of $72.78 billion, a P/E ratio of 10.42, a price-to-earnings-growth 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.

EOG Resources announced that its board has authorized a share repurchase program on Thursday, November 7th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the energy exploration company to repurchase up to 7% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership 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.