L. Roy Papp & Associates LLP Sells 6,236 Shares of EOG Resources, Inc. (NYSE:EOG)

L. Roy Papp & Associates LLP decreased its holdings in EOG Resources, Inc. (NYSE:EOG) by 3.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 186,806 shares of the energy exploration company’s stock after selling 6,236 shares during the period. EOG Resources makes up 2.7% of L. Roy Papp & Associates LLP’s investment portfolio, making the stock its 11th largest position. L. Roy Papp & Associates LLP’s holdings in EOG Resources were worth $22,899,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Financial Life Planners purchased a new stake in shares of EOG Resources in the fourth quarter worth $25,000. Y.D. More Investments Ltd grew its holdings 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. Northwest Investment Counselors LLC bought a new position in shares of EOG Resources in the third quarter worth approximately $26,000. Decker Retirement Planning Inc. purchased a new stake in EOG Resources in the fourth quarter valued at approximately $27,000. Finally, Keystone Financial Group Inc. bought a new stake in EOG Resources during the fourth quarter valued at approximately $27,000. Institutional investors own 89.91% of the company’s stock.

Insider Activity at EOG Resources

In related news, Director Janet F. Clark sold 568 shares of EOG Resources stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $135.33, for a total value of $76,867.44. Following the sale, the director now owns 43,532 shares in the company, valued at $5,891,185.56. The trade was a 1.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the business’s stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $120.89, for a total transaction of $483,560.00. Following the transaction, the chief operating officer now directly owns 42,703 shares in the company, valued at approximately $5,162,365.67. The trade was 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 owned by company insiders.

EOG Resources Stock Performance

Shares of NYSE:EOG opened at $132.32 on Wednesday. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. 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 market cap of $74.42 billion, a price-to-earnings ratio of 10.65, a price-to-earnings-growth ratio of 3.36 and a beta of 1.27. EOG Resources, Inc. has a 12 month low of $109.06 and a 12 month high of $139.67.

EOG Resources announced that its board has authorized a stock buyback plan on Thursday, November 7th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the energy exploration company to repurchase up to 7% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on EOG shares. KeyCorp decreased their price target on shares of EOG Resources from $157.00 to $150.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. Wolfe Research raised EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 target price on the stock in a research note on Friday, January 3rd. Mizuho dropped their price target on EOG Resources from $156.00 to $148.00 and set an “outperform” rating for the company in a research note on Monday, December 16th. Raymond James increased their price objective on EOG Resources from $167.00 to $175.00 and gave the company a “strong-buy” rating in a research report on Thursday, January 23rd. Finally, Bank of America restated a “neutral” rating and issued a $144.00 target price (down previously from $151.00) on shares of EOG Resources in a research report on Monday, January 13th. Thirteen research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $143.90.

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.