Crumly & Associates Inc. Sells 844 Shares of EOG Resources, Inc. (NYSE:EOG)

Crumly & Associates Inc. cut its position in shares of EOG Resources, Inc. (NYSE:EOG) by 19.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 3,398 shares of the energy exploration company’s stock after selling 844 shares during the period. Crumly & Associates Inc.’s holdings in EOG Resources were worth $417,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of EOG. Financial Life Planners bought a new position in shares of EOG Resources during the 4th quarter valued at about $25,000. Y.D. More Investments Ltd grew its position in EOG Resources by 149.4% during 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 position in EOG Resources during the 4th quarter worth approximately $27,000. Keystone Financial Group Inc. bought a new position in EOG Resources during the 4th quarter worth approximately $27,000. Finally, Eastern Bank bought a new position in EOG Resources during the 3rd quarter worth approximately $28,000. 89.91% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

EOG has been the topic of several recent research reports. StockNews.com upgraded EOG Resources from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Bank of America reiterated a “neutral” rating and issued a $144.00 price objective (down previously from $151.00) on shares of EOG Resources in a report on Monday, January 13th. Truist Financial increased their price objective on EOG Resources from $135.00 to $137.00 and gave the stock a “hold” rating in a report on Monday, January 13th. Mizuho dropped their price objective on EOG Resources from $156.00 to $148.00 and set an “outperform” rating for the company in a report on Monday, December 16th. Finally, Raymond James increased their price objective on EOG Resources from $167.00 to $175.00 and gave the stock a “strong-buy” rating in a report on Thursday, January 23rd. Twelve equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $144.14.

Insiders Place Their Bets

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources stock in a transaction 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 owns 42,703 shares of the company’s stock, valued at approximately $5,162,365.67. This trade represents a 8.56 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.30% of the company’s stock.

EOG Resources Stock Up 0.9 %

Shares of NYSE:EOG opened at $135.73 on Friday. The stock has a fifty day simple moving average of $128.23 and a two-hundred day simple moving average of $127.64. The stock has a market capitalization of $76.34 billion, a price-to-earnings ratio of 10.93, a PEG ratio of 3.55 and a beta of 1.27. EOG Resources, Inc. has a 12-month low of $109.06 and a 12-month high of $139.67. 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 announced that its board has approved a share buyback program on Thursday, November 7th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the energy exploration company to buy up to 7% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its shares are 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.