VisionPoint Advisory Group LLC Acquires 89 Shares of EOG Resources, Inc. (NYSE:EOG)

VisionPoint Advisory Group LLC grew its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 3.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,876 shares of the energy exploration company’s stock after acquiring an additional 89 shares during the quarter. VisionPoint Advisory Group LLC’s holdings in EOG Resources were worth $359,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Financial Life Planners acquired a new position in EOG Resources during the 4th quarter worth approximately $25,000. Y.D. More Investments Ltd boosted its position in EOG Resources by 149.4% in the fourth quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company’s stock valued at $25,000 after buying an additional 121 shares in the last quarter. Decker Retirement Planning Inc. bought a new stake in shares of EOG Resources during the fourth quarter worth $27,000. Keystone Financial Group Inc. acquired a new position in shares of EOG Resources during the fourth quarter worth $27,000. Finally, Eastern Bank bought a new position in shares of EOG Resources in the 3rd quarter valued at $28,000. Institutional investors own 89.91% of the company’s stock.

Insider Activity at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources stock in a transaction 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 in the company, valued at $5,162,365.67. The trade was a 8.56 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.30% of the stock is owned by corporate insiders.

EOG Resources Stock Performance

Shares of EOG Resources stock opened at $133.10 on Friday. The business has a 50-day moving average price of $128.36 and a two-hundred day moving average price of $127.71. EOG Resources, Inc. has a 1-year low of $109.06 and a 1-year high of $139.67. 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 market cap of $74.86 billion, a P/E ratio of 10.72, a PEG ratio of 3.55 and a beta of 1.27.

EOG Resources announced that its board has approved 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 purchase up to 7% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

EOG has been the topic of a number of research reports. Citigroup boosted their price objective on EOG Resources from $127.00 to $134.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 26th. Wells Fargo & Company upgraded EOG Resources from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $147.00 to $150.00 in a report on Tuesday, December 17th. Wolfe Research upgraded shares of EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 price objective for the company in a report on Friday, January 3rd. Mizuho cut their target price on shares of EOG Resources from $156.00 to $148.00 and set an “outperform” rating on the stock in a research report on Monday, December 16th. Finally, Raymond James upped their price target on shares of EOG Resources from $167.00 to $175.00 and gave the company a “strong-buy” rating in a research report on Thursday, January 23rd. Thirteen analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $144.14.

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.