EOG Resources, Inc. (NYSE:EOG) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama lowered its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 2.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 121,775 shares of the energy exploration company’s stock after selling 3,570 shares during the quarter. Retirement Systems of Alabama’s holdings in EOG Resources were worth $14,927,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Cassia Capital Partners LLC purchased a new stake in EOG Resources during the 4th quarter worth about $582,000. 1858 Wealth Management LLC raised its holdings in EOG Resources by 7.4% in the fourth quarter. 1858 Wealth Management LLC now owns 8,380 shares of the energy exploration company’s stock valued at $1,027,000 after acquiring an additional 581 shares in the last quarter. Mather Group LLC. lifted its stake in EOG Resources by 6.5% in the fourth quarter. Mather Group LLC. now owns 8,413 shares of the energy exploration company’s stock worth $1,031,000 after acquiring an additional 513 shares during the last quarter. RBA Wealth Management LLC grew its holdings in EOG Resources by 4.4% during the 4th quarter. RBA Wealth Management LLC now owns 20,028 shares of the energy exploration company’s stock worth $2,455,000 after acquiring an additional 846 shares in the last quarter. Finally, Patron Partners LLC increased its position in shares of EOG Resources by 10.7% in the 4th quarter. Patron Partners LLC now owns 2,461 shares of the energy exploration company’s stock valued at $302,000 after purchasing an additional 238 shares during the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. StockNews.com raised shares of EOG Resources from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Truist Financial upped their price objective on EOG Resources from $135.00 to $137.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. Benchmark restated a “hold” rating on shares of EOG Resources in a research note on Monday, January 13th. Citigroup increased their price target on shares of EOG Resources from $127.00 to $134.00 and gave the company a “neutral” rating in a research note on Tuesday, November 26th. Finally, Bank of America restated a “neutral” rating and set a $144.00 price objective (down previously from $151.00) on shares of EOG Resources in a research report on Monday, January 13th. Thirteen 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 company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $143.90.

EOG Resources Stock Down 0.1 %

EOG stock opened at $126.50 on Friday. The stock has a market capitalization of $71.15 billion, a PE ratio of 10.19, a price-to-earnings-growth ratio of 3.33 and a beta of 1.27. The company has a fifty day moving average of $127.93 and a 200-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, Inc. has a one year low of $109.06 and a one year high of $139.67.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Thursday, November 7th. The energy exploration company reported $2.89 EPS for the quarter, beating analysts’ consensus estimates of $2.73 by $0.16. The firm had revenue of $5.97 billion during the quarter, compared to the consensus estimate of $6.03 billion. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. During the same quarter last year, the firm earned $3.44 earnings per share. As a group, analysts expect that EOG Resources, Inc. will post 11.46 EPS for the current year.

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

Insider Activity at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the company’s stock in a transaction dated 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. This represents a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Janet F. Clark sold 568 shares of EOG Resources stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $135.33, for a total value of $76,867.44. Following the transaction, the director now directly owns 43,532 shares of the company’s stock, valued at approximately $5,891,185.56. This represents a 1.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.20% of the company’s stock.

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.