EOG Resources, Inc. (NYSE:EOG) Shares Purchased by NovaPoint Capital LLC

NovaPoint Capital LLC boosted its stake in EOG Resources, Inc. (NYSE:EOG) by 3.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 22,984 shares of the energy exploration company’s stock after acquiring an additional 759 shares during the quarter. NovaPoint Capital LLC’s holdings in EOG Resources were worth $2,817,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in EOG. Financial Life Planners purchased a new position in shares of EOG Resources during the 4th quarter worth $25,000. Y.D. More Investments Ltd increased its stake in 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 during the period. Northwest Investment Counselors LLC purchased a new stake in EOG Resources during the third quarter worth about $26,000. Decker Retirement Planning Inc. purchased a new stake in EOG Resources during the fourth quarter worth about $27,000. Finally, Eastern Bank purchased a new stake in EOG Resources during the third quarter worth about $28,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Price Performance

EOG Resources stock opened at $127.69 on Thursday. EOG Resources, Inc. has a one year low of $109.06 and a one year high of $139.67. The company has a market cap of $71.82 billion, a P/E ratio of 10.28, a price-to-earnings-growth ratio of 3.33 and a beta of 1.27. The business has a fifty day moving average of $128.18 and a two-hundred day moving average of $127.28. 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 (NYSE:EOG) last announced its quarterly earnings results on Thursday, November 7th. The energy exploration company reported $2.89 earnings per share for the quarter, beating analysts’ consensus estimates of $2.73 by $0.16. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. The business had revenue of $5.97 billion during the quarter, compared to analysts’ expectations of $6.03 billion. During the same quarter last year, the business posted $3.44 earnings per share. As a group, analysts predict that EOG Resources, Inc. will post 11.46 earnings per share for the current fiscal year.

EOG Resources announced that its board has approved a stock repurchase plan on Thursday, November 7th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the energy exploration company to reacquire up to 7% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

EOG has been the topic of a number of recent research reports. Scotiabank cut their price target on shares of EOG Resources from $150.00 to $140.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 10th. Wells Fargo & Company raised EOG Resources from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $147.00 to $150.00 in a research report on Tuesday, December 17th. Bank of America reissued a “neutral” rating and set a $144.00 price objective (down from $151.00) on shares of EOG Resources in a research report on Monday, January 13th. Raymond James boosted their price objective on EOG Resources from $167.00 to $175.00 and gave the stock a “strong-buy” rating in a research report on Thursday, January 23rd. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $150.00 price objective on shares of EOG Resources in a research report on Monday, January 6th. Thirteen equities research 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 company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $143.90.

Insider Buying and Selling

In related news, Director Janet F. Clark sold 568 shares of EOG Resources stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $135.33, for a total transaction of $76,867.44. Following the completion of the sale, the director now owns 43,532 shares in the company, valued at approximately $5,891,185.56. This trade represents a 1.29 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources stock in a transaction dated 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 position. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by company insiders.

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.