BankPlus Trust Department Acquires Shares of 793 EOG Resources, Inc. (NYSE:EOG)

BankPlus Trust Department acquired a new stake in shares of EOG Resources, Inc. (NYSE:EOG) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 793 shares of the energy exploration company’s stock, valued at approximately $97,000.

Other large investors have also bought and sold shares of the company. Financial Life Planners bought a new stake in EOG Resources during the 4th quarter valued at approximately $25,000. Y.D. More Investments Ltd boosted its position in 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 valued at $25,000 after acquiring an additional 121 shares in the last quarter. Decker Retirement Planning Inc. bought a new stake in EOG Resources during the 4th quarter valued at approximately $27,000. Keystone Financial Group Inc. bought a new stake in EOG Resources during the 4th quarter valued at approximately $27,000. Finally, Capital Performance Advisors LLP bought a new stake in EOG Resources during the 3rd quarter valued at approximately $31,000. 89.91% of the stock is owned by institutional investors.

EOG Resources Price Performance

NYSE EOG opened at $133.50 on Tuesday. The business’s fifty day moving average price is $128.53 and its 200-day moving average price is $127.83. The stock has a market capitalization of $75.08 billion, a price-to-earnings ratio of 10.75, a PEG ratio of 3.58 and a beta of 1.27. 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, Inc. has a 1-year low of $111.13 and a 1-year high of $139.67.

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

Wall Street Analyst Weigh In

EOG has been the topic of a number of analyst reports. Citigroup boosted their price target on EOG Resources from $127.00 to $134.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 26th. Raymond James boosted their price target on EOG Resources from $167.00 to $175.00 and gave the stock a “strong-buy” rating in a research report on Thursday, January 23rd. Piper Sandler boosted their price target on EOG Resources from $140.00 to $141.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Benchmark reissued a “hold” rating on shares of EOG Resources in a research report on Monday, January 13th. Finally, Truist Financial boosted their price target on EOG Resources from $135.00 to $137.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. Twelve investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $144.85.

Insider Activity

In other news, 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 transaction of $483,560.00. Following the transaction, the chief operating officer now directly owns 42,703 shares of the company’s stock, valued at $5,162,365.67. This represents a 8.56 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.30% of the company’s stock.

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.