IFP Advisors Inc Has $1.61 Million Stake in EOG Resources, Inc. (NYSE:EOG)

IFP Advisors Inc raised its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 4.2% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 13,121 shares of the energy exploration company’s stock after purchasing an additional 528 shares during the quarter. IFP Advisors Inc’s holdings in EOG Resources were worth $1,609,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Financial Life Planners acquired a new position in EOG Resources during the fourth quarter valued at approximately $25,000. Y.D. More Investments Ltd boosted its position 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 worth $25,000 after purchasing an additional 121 shares in the last quarter. Decker Retirement Planning Inc. acquired a new position in shares of EOG Resources in the 4th quarter valued at $27,000. Keystone Financial Group Inc. bought a new stake in shares of EOG Resources in the 4th quarter valued at $27,000. Finally, Capital Performance Advisors LLP acquired a new stake in EOG Resources during the 3rd quarter worth $31,000. 89.91% of the stock is owned by institutional investors.

Insider Activity

In other 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 value of $483,560.00. Following the sale, the chief operating officer now directly owns 42,703 shares of the company’s stock, valued at approximately $5,162,365.67. This represents a 8.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.30% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on EOG shares. Citigroup boosted their target price on EOG Resources from $127.00 to $134.00 and gave the company a “neutral” rating in a research note on Tuesday, November 26th. Mizuho decreased their price objective 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. Wolfe Research upgraded shares of EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 target price on the stock in a report on Friday, January 3rd. Royal Bank of Canada upgraded shares of EOG Resources from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $150.00 to $155.00 in a report on Wednesday, February 12th. Finally, Benchmark restated a “hold” rating on shares of EOG Resources in a report on Monday, January 13th. Twelve equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, EOG Resources presently has an average rating of “Moderate Buy” and an average price target of $144.85.

EOG Resources Stock Down 1.2 %

EOG stock opened at $129.70 on Thursday. The company has a market cap of $72.95 billion, a price-to-earnings ratio of 10.44, a P/E/G ratio of 3.58 and a beta of 1.27. EOG Resources, Inc. has a twelve month low of $112.11 and a twelve month high of $139.67. The business has a 50 day moving average price of $128.90 and a two-hundred day moving average price of $127.87. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13.

EOG Resources announced that its board has initiated a stock repurchase plan on Thursday, November 7th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the energy exploration company to reacquire up to 7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

About EOG Resources

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.