W.H. Cornerstone Investments Inc. Purchases 340 Shares of EOG Resources, Inc. (NYSE:EOG)

W.H. Cornerstone Investments Inc. grew its position in EOG Resources, Inc. (NYSE:EOG) by 3.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,221 shares of the energy exploration company’s stock after buying an additional 340 shares during the period. W.H. Cornerstone Investments Inc.’s holdings in EOG Resources were worth $1,130,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Insight Inv LLC raised its position in EOG Resources by 0.8% during 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 during the period. Essex Financial Services Inc. lifted its stake in EOG Resources by 1.3% in the 4th quarter. Essex Financial Services Inc. now owns 6,145 shares of the energy exploration company’s stock valued at $753,000 after buying an additional 79 shares in the last quarter. Rosenberg Matthew Hamilton lifted its stake in 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 buying an additional 84 shares in the last quarter. Grove Bank & Trust boosted its holdings in EOG Resources by 10.0% in the 4th quarter. Grove Bank & Trust now owns 928 shares of the energy exploration company’s stock worth $114,000 after buying an additional 84 shares during the last quarter. Finally, Perigon Wealth Management LLC boosted its holdings in EOG Resources by 2.6% in the 4th 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. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Trading Up 0.1 %

Shares of EOG stock opened at $128.94 on Friday. EOG Resources, Inc. has a 1-year low of $109.06 and a 1-year high of $139.67. The firm has a market cap of $72.52 billion, a PE ratio of 10.38, a price-to-earnings-growth ratio of 3.36 and a beta of 1.27. The company has a 50-day moving average of $127.78 and a two-hundred day moving average of $127.38. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07.

EOG Resources declared that its board has approved a stock buyback 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 buy up to 7% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

EOG has been the topic of several research reports. Wells Fargo & Company upgraded EOG Resources from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $147.00 to $150.00 in a research report on Tuesday, December 17th. Citigroup lifted their target price on shares of EOG Resources from $127.00 to $134.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 26th. Benchmark reiterated a “hold” rating on shares of EOG Resources in a research report on Monday, January 13th. Royal Bank of Canada upgraded shares of EOG Resources from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from $150.00 to $155.00 in a research report on Wednesday. Finally, StockNews.com raised shares of EOG Resources from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd. Twelve investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, EOG Resources presently has a consensus rating of “Moderate Buy” and a consensus target price of $144.14.

Insider Transactions at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the company’s stock in a transaction on Tuesday, December 31st. The stock was 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 $5,162,365.67. This represents a 8.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Janet F. Clark sold 568 shares of EOG Resources stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $135.33, for a total value of $76,867.44. Following the completion of the sale, the director now directly owns 43,532 shares of the company’s stock, valued at $5,891,185.56. The trade was a 1.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.30% 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.