ING Groep NV Acquires 75,292 Shares of EOG Resources, Inc. (NYSE:EOG)

ING Groep NV lifted its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 99.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 151,337 shares of the energy exploration company’s stock after acquiring an additional 75,292 shares during the quarter. ING Groep NV’s holdings in EOG Resources were worth $18,551,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Financial Life Planners bought a new position in shares of EOG Resources during the 4th quarter worth approximately $25,000. Y.D. More Investments Ltd boosted its stake in shares of EOG Resources by 149.4% during the 4th quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company’s stock worth $25,000 after acquiring an additional 121 shares during the period. Decker Retirement Planning Inc. bought a new position in shares of EOG Resources during the 4th quarter worth approximately $27,000. Keystone Financial Group Inc. bought a new position in shares of EOG Resources during the 4th quarter worth approximately $27,000. Finally, Eastern Bank bought a new position in shares of EOG Resources during the 3rd quarter worth approximately $28,000. 89.91% of the stock is currently owned by institutional investors.

Insider Transactions at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 4,000 shares of the business’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 sale, the chief operating officer now owns 42,703 shares in the company, valued at $5,162,365.67. The trade was a 8.56 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.30% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

EOG has been the subject of several research reports. StockNews.com raised EOG Resources from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. 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 report on Monday, January 13th. Piper Sandler lifted their price target on EOG Resources from $140.00 to $141.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Royal Bank of Canada raised EOG Resources from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from $150.00 to $155.00 in a report on Wednesday, February 12th. Finally, Citigroup lifted their price target on EOG Resources from $127.00 to $134.00 and gave the stock a “neutral” rating in a report on Tuesday, November 26th. Twelve investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $144.14.

EOG Resources Price Performance

EOG Resources stock opened at $135.73 on Friday. 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 52 week low of $109.06 and a 52 week high of $139.67. The stock has a market capitalization of $76.34 billion, a P/E ratio of 10.93, a price-to-earnings-growth ratio of 3.46 and a beta of 1.27. The stock has a fifty day moving average of $128.23 and a 200-day moving average of $127.64.

EOG Resources announced that its Board of Directors has authorized a share repurchase program on Thursday, November 7th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the energy exploration company to reacquire up to 7% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership 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.