Indiana Trust & Investment Management Co Sells 105 Shares of EOG Resources, Inc. (NYSE:EOG)

Indiana Trust & Investment Management Co trimmed its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 28.2% in the fourth quarter, HoldingsChannel reports. The firm owned 267 shares of the energy exploration company’s stock after selling 105 shares during the period. Indiana Trust & Investment Management Co’s holdings in EOG Resources were worth $33,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Financial Life Planners bought a new stake in shares of EOG Resources during the fourth quarter worth approximately $25,000. Y.D. More Investments Ltd increased its holdings 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 worth $25,000 after purchasing an additional 121 shares in the last quarter. Northwest Investment Counselors LLC acquired a new stake in EOG Resources in the 3rd quarter valued at approximately $26,000. Decker Retirement Planning Inc. bought a new stake in shares of EOG Resources in the fourth quarter worth $27,000. Finally, Keystone Financial Group Inc. bought a new position in shares of EOG Resources in the 4th quarter valued at about $27,000. 89.91% of the stock is owned by institutional investors.

EOG Resources Trading Up 1.3 %

NYSE EOG opened at $132.32 on Wednesday. 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 price of $127.78 and a 200 day moving average price of $127.34. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. The firm has a market cap of $74.42 billion, a PE ratio of 10.65, a price-to-earnings-growth ratio of 3.36 and a beta of 1.27.

EOG Resources announced that its Board of Directors has initiated a share repurchase program on Thursday, November 7th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the energy exploration company to repurchase up to 7% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

Insiders Place Their Bets

In other news, Director Janet F. Clark sold 568 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $135.33, for a total transaction of $76,867.44. Following the sale, the director now owns 43,532 shares of the company’s stock, valued at $5,891,185.56. This trade represents a 1.29 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief operating officer now owns 42,703 shares of the company’s stock, valued at $5,162,365.67. This trade represents a 8.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on EOG. Citigroup lifted their target price on EOG Resources from $127.00 to $134.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 26th. Royal Bank of Canada restated a “sector perform” rating and issued a $150.00 target price on shares of EOG Resources in a research report on Monday, January 6th. Wolfe Research raised EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 target price for the company in a research report on Friday, January 3rd. KeyCorp decreased their target price on EOG Resources from $157.00 to $150.00 and set an “overweight” rating for the company in a research note on Wednesday, October 16th. Finally, Mizuho decreased their target price 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. Thirteen analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $143.90.

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.