Bryn Mawr Capital Management LLC Has $2 Million Position in EOG Resources, Inc. (NYSE:EOG)

Bryn Mawr Capital Management LLC lifted its holdings in EOG Resources, Inc. (NYSE:EOG) by 122.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,288 shares of the energy exploration company’s stock after buying an additional 8,960 shares during the period. Bryn Mawr Capital Management LLC’s holdings in EOG Resources were worth $1,997,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of EOG. Insight Inv LLC boosted its position in EOG Resources by 0.8% during the 3rd quarter. Insight Inv LLC now owns 9,385 shares of the energy exploration company’s stock worth $1,154,000 after acquiring an additional 75 shares during the period. Essex Financial Services Inc. lifted its position in shares of EOG Resources by 1.3% in the fourth quarter. Essex Financial Services Inc. now owns 6,145 shares of the energy exploration company’s stock worth $753,000 after purchasing an additional 79 shares in the last quarter. Valmark Advisers Inc. lifted its position in shares of EOG Resources by 2.6% in the fourth quarter. Valmark Advisers Inc. now owns 3,140 shares of the energy exploration company’s stock worth $385,000 after purchasing an additional 79 shares in the last quarter. Rosenberg Matthew Hamilton boosted its holdings in shares of EOG Resources by 3.0% during the fourth quarter. Rosenberg Matthew Hamilton now owns 2,921 shares of the energy exploration company’s stock worth $358,000 after purchasing an additional 84 shares during the period. Finally, Grove Bank & Trust grew its position in EOG Resources by 10.0% during the fourth quarter. Grove Bank & Trust now owns 928 shares of the energy exploration company’s stock valued at $114,000 after purchasing an additional 84 shares in the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Price Performance

NYSE EOG opened at $135.73 on Friday. The stock has a 50-day simple moving average of $128.23 and a 200 day simple moving average of $127.64. EOG Resources, Inc. has a twelve month low of $109.06 and a twelve month high of $139.67. The stock has a market capitalization of $76.34 billion, a PE ratio of 10.93, a P/E/G ratio of 3.46 and a beta of 1.27. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31.

EOG Resources announced that its Board of Directors has authorized a share repurchase 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 purchase up to 7% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

EOG has been the subject of a number of research analyst reports. Wells Fargo & Company upgraded shares of EOG Resources from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $147.00 to $150.00 in a research report on Tuesday, December 17th. Citigroup lifted their price objective on EOG Resources from $127.00 to $134.00 and gave the company a “neutral” rating in a research report on Tuesday, November 26th. StockNews.com upgraded EOG Resources from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd. Raymond James raised their price target on EOG Resources from $167.00 to $175.00 and gave the stock a “strong-buy” rating in a research note on Thursday, January 23rd. Finally, Truist Financial boosted their price target on EOG Resources from $135.00 to $137.00 and gave the company a “hold” rating in a research note on Monday, January 13th. Twelve 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 MarketBeat.com, EOG Resources presently has an average rating of “Moderate Buy” and an average target price of $144.14.

Insiders Place Their Bets

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the firm’s stock in a transaction on 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 owns 42,703 shares in the company, valued at approximately $5,162,365.67. This trade represents a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company 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.