Catalyst Financial Partners LLC Decreases Position in EOG Resources, Inc. (NYSE:EOG)

Catalyst Financial Partners LLC lowered its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 8.5% in the 4th quarter, HoldingsChannel reports. The firm owned 1,900 shares of the energy exploration company’s stock after selling 176 shares during the quarter. Catalyst Financial Partners LLC’s holdings in EOG Resources were worth $233,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of EOG. Franklin Resources Inc. increased its stake in shares of EOG Resources by 64.7% during the 3rd quarter. Franklin Resources Inc. now owns 5,284,228 shares of the energy exploration company’s stock worth $694,717,000 after purchasing an additional 2,076,134 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in EOG Resources by 856.7% in the 3rd quarter. Fisher Asset Management LLC now owns 1,200,851 shares of the energy exploration company’s stock worth $147,621,000 after buying an additional 1,075,334 shares during the period. Assenagon Asset Management S.A. boosted its holdings in EOG Resources by 577.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 696,596 shares of the energy exploration company’s stock worth $85,389,000 after buying an additional 593,823 shares during the period. Victory Capital Management Inc. boosted its holdings in EOG Resources by 42.8% in the 3rd quarter. Victory Capital Management Inc. now owns 1,113,429 shares of the energy exploration company’s stock worth $136,874,000 after buying an additional 333,947 shares during the period. Finally, Bridgewater Associates LP boosted its holdings in EOG Resources by 1,003.6% in the 3rd quarter. Bridgewater Associates LP now owns 343,160 shares of the energy exploration company’s stock worth $42,185,000 after buying an additional 312,064 shares during the period. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Insider Buying and Selling

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 document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 approximately $5,162,365.67. The trade was a 8.56 % decrease in their position. The disclosure for this sale can be found here. 0.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

EOG has been the subject of several analyst reports. Raymond James raised their price objective on shares of EOG Resources from $167.00 to $175.00 and gave the stock a “strong-buy” rating in a report on Thursday, January 23rd. Benchmark reaffirmed a “hold” rating on shares of EOG Resources in a report on Monday, January 13th. Citigroup raised their price objective 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. Wells Fargo & Company raised shares of EOG Resources from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $147.00 to $150.00 in a report on Tuesday, December 17th. Finally, Piper Sandler raised their price target on shares of EOG Resources from $140.00 to $141.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Twelve investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, EOG Resources presently has an average rating of “Moderate Buy” and a consensus target price of $144.14.

EOG Resources Price Performance

Shares of NYSE:EOG opened at $129.40 on Friday. The stock has a market cap of $72.78 billion, a PE ratio of 10.42, a PEG ratio of 3.36 and a beta of 1.27. The company’s fifty day moving average is $127.76 and its 200 day moving average is $127.39. EOG Resources, Inc. has a 52 week low of $109.06 and a 52 week high of $139.67. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13.

EOG Resources declared that its board has initiated a share repurchase plan on Thursday, November 7th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the energy exploration company to buy up to 7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

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.