EOG Resources, Inc. (NYSE:EOG) Position Increased by Vaughan David Investments LLC IL

Vaughan David Investments LLC IL grew its position in shares of EOG Resources, Inc. (NYSE:EOG) by 1.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 310,064 shares of the energy exploration company’s stock after purchasing an additional 3,222 shares during the quarter. Vaughan David Investments LLC IL’s holdings in EOG Resources were worth $38,008,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Financial Life Planners acquired a new position in shares of EOG Resources in the 4th quarter worth $25,000. Y.D. More Investments Ltd grew its holdings in shares of EOG Resources by 149.4% in 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. acquired a new position in shares of EOG Resources in the 4th quarter worth $27,000. Keystone Financial Group Inc. acquired a new position in shares of EOG Resources in the 4th quarter worth $27,000. Finally, Capital Performance Advisors LLP acquired a new position in shares of EOG Resources in the 3rd quarter worth $31,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently weighed in on EOG. Royal Bank of Canada upgraded EOG Resources from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from $150.00 to $155.00 in a report on Wednesday, February 12th. Wells Fargo & Company upgraded EOG Resources from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $147.00 to $150.00 in a report on Tuesday, December 17th. Bank of America reissued a “neutral” rating and set a $144.00 price objective (down previously from $151.00) on shares of EOG Resources in a research report on Monday, January 13th. Benchmark reaffirmed a “hold” rating on shares of EOG Resources in a research report on Monday, January 13th. Finally, Raymond James boosted their price target on EOG Resources from $167.00 to $175.00 and gave the stock a “strong-buy” rating in a research report on Thursday, January 23rd. Twelve research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $144.85.

Insiders Place Their Bets

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the business’s stock in a transaction that occurred 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 transaction, the chief operating officer now owns 42,703 shares in the company, valued at $5,162,365.67. The trade was a 8.56 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.30% of the company’s stock.

EOG Resources Stock Performance

Shares of EOG Resources stock opened at $133.50 on Tuesday. EOG Resources, Inc. has a one year low of $111.13 and a one year high of $139.67. The firm has a market capitalization of $75.08 billion, a price-to-earnings ratio of 10.75, a PEG ratio of 3.58 and a beta of 1.27. The business has a 50-day simple moving average of $128.53 and a 200 day simple moving average of $127.83. 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 announced that its board has initiated a stock repurchase program on Thursday, November 7th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the energy exploration company to reacquire up to 7% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board of directors believes its stock is 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.