WESPAC Advisors LLC Has $919,000 Position in EOG Resources, Inc. (NYSE:EOG)

WESPAC Advisors LLC raised its position in shares of EOG Resources, Inc. (NYSE:EOG) by 24.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,498 shares of the energy exploration company’s stock after purchasing an additional 1,471 shares during the quarter. WESPAC Advisors LLC’s holdings in EOG Resources were worth $919,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Financial Life Planners acquired a new stake in EOG Resources during the 4th quarter valued at $25,000. Y.D. More Investments Ltd raised its stake 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 valued at $25,000 after purchasing an additional 121 shares during the period. Decker Retirement Planning Inc. acquired a new stake in EOG Resources during the 4th quarter valued at $27,000. Keystone Financial Group Inc. acquired a new stake in EOG Resources during the 4th quarter valued at $27,000. Finally, Eastern Bank acquired a new position in shares of EOG Resources in the third quarter worth $28,000. 89.91% of the stock is owned by institutional investors and hedge funds.

EOG Resources Stock Down 1.9 %

EOG stock opened at $133.10 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. EOG Resources, Inc. has a 52-week low of $109.06 and a 52-week high of $139.67. The company has a 50-day moving average of $128.36 and a two-hundred day moving average of $127.75. The stock has a market capitalization of $74.86 billion, a price-to-earnings ratio of 10.72, a price-to-earnings-growth ratio of 3.58 and a beta of 1.27.

EOG Resources announced that its board has authorized a stock buyback 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 reacquire up to 7% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

Insider Buying and Selling at EOG Resources

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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.30% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on EOG. Bank of America reaffirmed a “neutral” rating and issued a $144.00 price target (down from $151.00) on shares of EOG Resources in a research note on Monday, January 13th. Truist Financial upped their price target on shares of EOG Resources from $135.00 to $137.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. Royal Bank of Canada raised shares of EOG Resources from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $150.00 to $155.00 in a research note on Wednesday, February 12th. Mizuho dropped their price target on shares of EOG Resources from $156.00 to $148.00 and set an “outperform” rating on the stock in a research note on Monday, December 16th. Finally, Raymond James upped their price target on shares of EOG Resources from $167.00 to $175.00 and gave the stock a “strong-buy” rating in a research note on Thursday, January 23rd. Thirteen investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, EOG Resources presently has an average rating of “Hold” and an average price target of $144.14.

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.