Financial Perspectives Inc Raises Holdings in EOG Resources, Inc. (NYSE:EOG)

Financial Perspectives Inc raised its position in shares of EOG Resources, Inc. (NYSE:EOG) by 2,175.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 455 shares of the energy exploration company’s stock after acquiring an additional 435 shares during the period. Financial Perspectives Inc’s holdings in EOG Resources were worth $56,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EOG. TKG Advisors LLC increased its position in EOG Resources by 6.1% during the 4th quarter. TKG Advisors LLC now owns 3,673 shares of the energy exploration company’s stock worth $484,000 after purchasing an additional 212 shares in the last quarter. Global Retirement Partners LLC grew its stake in EOG Resources by 33.1% during the fourth quarter. Global Retirement Partners LLC now owns 3,869 shares of the energy exploration company’s stock worth $474,000 after buying an additional 962 shares during the period. Bank of Jackson Hole Trust acquired a new stake in shares of EOG Resources in the fourth quarter worth $752,000. Davidson Investment Advisors raised its stake in shares of EOG Resources by 0.5% in the 4th quarter. Davidson Investment Advisors now owns 165,495 shares of the energy exploration company’s stock valued at $20,286,000 after acquiring an additional 823 shares during the period. Finally, Waycross Partners LLC lifted its holdings in shares of EOG Resources by 3.0% during the 4th quarter. Waycross Partners LLC now owns 98,472 shares of the energy exploration company’s stock valued at $12,071,000 after acquiring an additional 2,862 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

EOG Resources Stock Performance

EOG stock opened at $134.52 on Thursday. The stock’s 50 day simple moving average is $128.05 and its 200 day simple moving average is $127.59. EOG Resources, Inc. has a 12-month low of $109.06 and a 12-month high of $139.67. The firm has a market cap of $75.66 billion, a P/E ratio of 10.83, a P/E/G ratio of 3.42 and a beta of 1.27. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13.

EOG Resources declared that its Board of Directors has approved a share buyback plan on Thursday, November 7th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the energy exploration company to purchase up to 7% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling at EOG Resources

In other 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 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 transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.30% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms have commented on EOG. Raymond James raised their price objective on EOG Resources from $167.00 to $175.00 and gave the company a “strong-buy” rating in a research report on Thursday, January 23rd. Bank of America reissued a “neutral” rating and set a $144.00 price target (down from $151.00) on shares of EOG Resources in a research report on Monday, January 13th. Wolfe Research raised shares of EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 price objective for the company in a research report on Friday, January 3rd. StockNews.com raised shares of EOG Resources from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Finally, Citigroup lifted their price target 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. Twelve investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $144.14.

About EOG Resources

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.