EOG Resources, Inc. (NYSE:EOG) Stock Holdings Reduced by BayBridge Capital Group LLC

BayBridge Capital Group LLC cut its position in shares of EOG Resources, Inc. (NYSE:EOG) by 12.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,278 shares of the energy exploration company’s stock after selling 455 shares during the period. BayBridge Capital Group LLC’s holdings in EOG Resources were worth $402,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Insight Inv LLC grew its position in EOG Resources by 0.8% in the third quarter. Insight Inv LLC now owns 9,385 shares of the energy exploration company’s stock worth $1,154,000 after acquiring an additional 75 shares in the last quarter. Rosenberg Matthew Hamilton lifted its stake in shares of EOG Resources by 3.0% in the 4th quarter. Rosenberg Matthew Hamilton now owns 2,921 shares of the energy exploration company’s stock valued at $358,000 after purchasing an additional 84 shares during the last quarter. Grove Bank & Trust boosted its holdings in EOG Resources by 10.0% in the fourth quarter. Grove Bank & Trust now owns 928 shares of the energy exploration company’s stock worth $114,000 after purchasing an additional 84 shares in the last quarter. Perigon Wealth Management LLC increased its position in EOG Resources by 2.6% during the fourth quarter. Perigon Wealth Management LLC now owns 3,342 shares of the energy exploration company’s stock worth $410,000 after buying an additional 84 shares during the last quarter. Finally, FSM Wealth Advisors LLC raised its holdings in EOG Resources by 5.5% during the third quarter. FSM Wealth Advisors LLC now owns 1,702 shares of the energy exploration company’s stock valued at $209,000 after buying an additional 88 shares in the last quarter. Institutional investors own 89.91% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on EOG shares. KeyCorp decreased their price target on EOG Resources from $157.00 to $150.00 and set an “overweight” rating for the company in a research note on Wednesday, October 16th. Mizuho lowered their price target on EOG Resources from $156.00 to $148.00 and set an “outperform” rating on the stock in a report on Monday, December 16th. Raymond James lifted 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. StockNews.com raised shares of EOG Resources from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. Finally, Piper Sandler lifted their target price on shares of EOG Resources from $140.00 to $141.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Thirteen equities 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 company. According to MarketBeat, EOG Resources presently has a consensus rating of “Hold” and a consensus target price of $143.90.

Insider Activity at EOG Resources

In related news, 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 transaction of $483,560.00. Following the completion of the transaction, the chief operating officer now directly 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Janet F. Clark sold 568 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $135.33, for a total transaction of $76,867.44. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. 0.20% of the stock is owned by insiders.

EOG Resources Price Performance

Shares of EOG Resources stock opened at $126.50 on Friday. The firm has a market cap of $71.15 billion, a P/E ratio of 10.19, a price-to-earnings-growth ratio of 3.33 and a beta of 1.27. The firm’s 50-day simple moving average is $127.93 and its 200-day simple moving average is $127.28. EOG Resources, Inc. has a twelve month low of $109.06 and a twelve month high of $139.67. 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 released its quarterly earnings data 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. The company had revenue of $5.97 billion for the quarter, compared to the consensus estimate of $6.03 billion. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. During the same period in the previous year, the business earned $3.44 earnings per share. As a group, research analysts expect that EOG Resources, Inc. will post 11.46 EPS for the current fiscal year.

EOG Resources declared that its Board of Directors has approved a stock repurchase program on Thursday, November 7th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the energy exploration company to repurchase up to 7% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

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.