J.P. Marvel Investment Advisors LLC Cuts Position in EOG Resources, Inc. (NYSE:EOG)

J.P. Marvel Investment Advisors LLC decreased its holdings in EOG Resources, Inc. (NYSE:EOG) by 0.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 70,904 shares of the energy exploration company’s stock after selling 250 shares during the quarter. EOG Resources comprises approximately 1.4% of J.P. Marvel Investment Advisors LLC’s portfolio, making the stock its 20th biggest holding. J.P. Marvel Investment Advisors LLC’s holdings in EOG Resources were worth $8,691,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of EOG. Financial Life Planners purchased a new position in shares of EOG Resources in the fourth quarter valued at $25,000. Y.D. More Investments Ltd increased its position in shares of 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. Northwest Investment Counselors LLC purchased a new position in shares of EOG Resources in the third quarter valued at $26,000. Decker Retirement Planning Inc. purchased a new position in shares of EOG Resources in the fourth quarter valued at $27,000. Finally, Keystone Financial Group Inc. purchased a new position in shares of EOG Resources in the fourth quarter valued at $27,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Insider Transactions at EOG Resources

In other news, Director Janet F. Clark sold 568 shares of the 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 completion of the transaction, the director now 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $120.89, for a total value 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 approximately $5,162,365.67. The trade was a 8.56 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on EOG shares. StockNews.com upgraded EOG Resources from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Royal Bank of Canada upgraded EOG Resources from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from $150.00 to $155.00 in a research report on Wednesday. Wells Fargo & Company upgraded EOG Resources from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $147.00 to $150.00 in a research report on Tuesday, December 17th. Benchmark reissued a “hold” rating on shares of EOG Resources in a research note on Monday, January 13th. Finally, Raymond James raised their price target on EOG Resources from $167.00 to $175.00 and gave the stock a “strong-buy” rating in a research note on Thursday, January 23rd. Twelve analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $144.14.

EOG Resources Price Performance

Shares of NYSE EOG opened at $129.40 on Friday. EOG Resources, Inc. has a 1-year low of $109.06 and a 1-year high of $139.67. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. The business’s fifty day moving average price is $127.79 and its two-hundred day moving average price is $127.42. The firm has a market capitalization of $72.78 billion, a PE ratio of 10.42, a P/E/G ratio of 3.36 and a beta of 1.27.

EOG Resources declared that its board has initiated a stock buyback program 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 programs are typically an indication that the company’s board believes its stock is 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.