Lincluden Management Ltd. Sells 213 Shares of EOG Resources, Inc. (NYSE:EOG)

Lincluden Management Ltd. decreased its holdings in EOG Resources, Inc. (NYSE:EOG) by 0.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 34,184 shares of the energy exploration company’s stock after selling 213 shares during the quarter. Lincluden Management Ltd.’s holdings in EOG Resources were worth $4,190,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. DRW Securities LLC boosted its holdings in EOG Resources by 98.6% during the third quarter. DRW Securities LLC now owns 26,838 shares of the energy exploration company’s stock worth $3,299,000 after purchasing an additional 13,324 shares during the last quarter. Caprock Group LLC boosted its stake in shares of EOG Resources by 7.7% in the 3rd quarter. Caprock Group LLC now owns 12,112 shares of the energy exploration company’s stock worth $1,489,000 after buying an additional 862 shares during the last quarter. World Investment Advisors LLC purchased a new position in shares of EOG Resources in the 3rd quarter worth approximately $730,000. Mountain Lake Investment Management LLC bought a new position in shares of EOG Resources in the fourth quarter valued at approximately $735,000. Finally, Oak Ridge Investments LLC increased its position in shares of EOG Resources by 5.9% during the fourth quarter. Oak Ridge Investments LLC now owns 41,274 shares of the energy exploration company’s stock valued at $5,059,000 after acquiring an additional 2,311 shares during the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Stock Performance

NYSE:EOG opened at $133.50 on Tuesday. The business’s fifty day moving average is $128.53 and its 200 day moving average is $127.83. The firm has a market cap 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 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, Inc. has a 52-week low of $111.13 and a 52-week high of $139.67.

EOG Resources announced that its board has initiated a stock buyback program on Thursday, November 7th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the energy exploration company to repurchase up to 7% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the firm’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 transaction, the chief operating officer now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.30% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on EOG shares. Wolfe Research upgraded EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 price objective for the company in a research note on Friday, January 3rd. Benchmark restated a “hold” rating on shares of EOG Resources in a research report on Monday, January 13th. Piper Sandler lifted their price objective on shares of EOG Resources from $140.00 to $141.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Royal Bank of Canada upgraded shares of EOG Resources from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from $150.00 to $155.00 in a research note on Wednesday, February 12th. Finally, StockNews.com lowered shares of EOG Resources from a “buy” rating to a “hold” rating in a research note on Friday. Twelve investment 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. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $144.85.

About EOG Resources

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.