EOG Resources, Inc. (NYSE:EOG) Shares Acquired by Telos Capital Management Inc.

Telos Capital Management Inc. lifted its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 1.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 60,434 shares of the energy exploration company’s stock after purchasing an additional 1,140 shares during the period. Telos Capital Management Inc.’s holdings in EOG Resources were worth $7,408,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in EOG. Czech National Bank increased its stake in shares of EOG Resources by 5.8% during the third quarter. Czech National Bank now owns 115,848 shares of the energy exploration company’s stock valued at $14,241,000 after acquiring an additional 6,331 shares during the period. Mather Group LLC. boosted its holdings in EOG Resources by 4.0% during the third quarter. Mather Group LLC. now owns 7,900 shares of the energy exploration company’s stock worth $971,000 after buying an additional 307 shares in the last quarter. Atomi Financial Group Inc. boosted its holdings in EOG Resources by 42.2% during the third quarter. Atomi Financial Group Inc. now owns 4,380 shares of the energy exploration company’s stock worth $538,000 after buying an additional 1,300 shares in the last quarter. Brookstone Capital Management bought a new stake in EOG Resources during the third quarter worth approximately $217,000. Finally, Strategic Wealth Partners Ltd. boosted its holdings in EOG Resources by 5.0% during the third quarter. Strategic Wealth Partners Ltd. now owns 3,140 shares of the energy exploration company’s stock worth $386,000 after buying an additional 150 shares in the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

Insider Activity

In related news, 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 transaction, the director now owns 43,532 shares in the company, valued at $5,891,185.56. This trade represents a 1.29 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources 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 completion of the transaction, the chief operating officer now owns 42,703 shares in the company, valued at $5,162,365.67. This trade represents a 8.56 % decrease in their position. The disclosure for this sale can be found here. 0.30% of the stock is owned by insiders.

EOG Resources Stock Down 1.1 %

EOG Resources stock opened at $126.34 on Friday. The company has a market capitalization of $71.06 billion, a P/E ratio of 10.17, a P/E/G ratio of 3.33 and a beta of 1.27. The firm’s fifty day simple moving average is $128.07 and its 200-day simple moving average is $127.29. 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, Inc. has a 1-year low of $109.06 and a 1-year high of $139.67.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Thursday, November 7th. The energy exploration company reported $2.89 earnings per share for the quarter, beating analysts’ consensus estimates of $2.73 by $0.16. The business had revenue of $5.97 billion for the quarter, compared to the consensus estimate of $6.03 billion. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. During the same quarter last year, the firm earned $3.44 EPS. Sell-side analysts forecast that EOG Resources, Inc. will post 11.46 earnings per share for the current fiscal year.

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

Analyst Ratings Changes

EOG has been the subject of a number of research reports. Wolfe Research upgraded shares of EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 target price for the company in a report on Friday, January 3rd. Benchmark restated a “hold” rating on shares of EOG Resources in a report on Monday, January 13th. Citigroup raised their target price on shares of EOG Resources from $127.00 to $134.00 and gave the stock a “neutral” rating in a report on Tuesday, November 26th. Piper Sandler raised their price objective on shares of EOG Resources from $140.00 to $141.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Finally, Mizuho decreased their price objective on shares of EOG Resources from $156.00 to $148.00 and set an “outperform” rating for the company in a research note on Monday, December 16th. Thirteen analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $143.90.

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.