EOG Resources, Inc. (NYSE:EOG) Shares Sold by Pekin Hardy Strauss Inc.

Pekin Hardy Strauss Inc. lowered its position in shares of EOG Resources, Inc. (NYSE:EOG) by 6.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,472 shares of the energy exploration company’s stock after selling 2,180 shares during the period. Pekin Hardy Strauss Inc.’s holdings in EOG Resources were worth $3,613,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Financial Life Planners purchased a new position in shares of EOG Resources during the 4th quarter worth approximately $25,000. Y.D. More Investments Ltd boosted its position in shares of 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 purchasing an additional 121 shares during the period. Decker Retirement Planning Inc. purchased a new position in shares of EOG Resources during the 4th quarter worth approximately $27,000. Keystone Financial Group Inc. purchased a new position in shares of EOG Resources during the 4th quarter worth approximately $27,000. Finally, Eastern Bank purchased a new position in shares of EOG Resources during the 3rd quarter worth approximately $28,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

Analysts Set New Price Targets

EOG has been the subject of a number of research analyst reports. StockNews.com cut shares of EOG Resources from a “buy” rating to a “hold” rating in a research report on Friday. Piper Sandler raised their price target on shares of EOG Resources from $140.00 to $141.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Benchmark reissued a “hold” rating on shares of EOG Resources in a research report on Monday, January 13th. Wells Fargo & Company raised shares of EOG Resources from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $147.00 to $150.00 in a research report on Tuesday, December 17th. Finally, Citigroup raised their price objective on shares of EOG Resources from $127.00 to $134.00 and gave the company a “neutral” rating in a report on Tuesday, November 26th. Thirteen analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, EOG Resources currently has a consensus rating of “Hold” and a consensus price target of $144.14.

Insider Buying and Selling

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

EOG Resources Stock Down 1.9 %

EOG stock opened at $133.10 on Friday. The company has a market cap of $74.86 billion, a P/E ratio of 10.72, a P/E/G ratio of 3.58 and a beta of 1.27. EOG Resources, Inc. has a 52 week low of $109.06 and a 52 week high of $139.67. The company’s 50-day moving average price is $128.36 and its 200 day moving average price is $127.75. 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 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 shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are undervalued.

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.