EOG Resources, Inc. (NYSE:EOG) Stock Holdings Increased by Focus Financial Network Inc.

Focus Financial Network Inc. raised its stake in EOG Resources, Inc. (NYSE:EOG) by 8.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 1,882 shares of the energy exploration company’s stock after purchasing an additional 151 shares during the quarter. Focus Financial Network Inc.’s holdings in EOG Resources were worth $231,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EOG. Insight Inv LLC raised its holdings in shares of EOG Resources by 0.8% during the third quarter. Insight Inv LLC now owns 9,385 shares of the energy exploration company’s stock worth $1,154,000 after acquiring an additional 75 shares in the last quarter. Rosenberg Matthew Hamilton increased its position in EOG Resources by 3.0% in the 4th quarter. Rosenberg Matthew Hamilton now owns 2,921 shares of the energy exploration company’s stock worth $358,000 after purchasing an additional 84 shares during the last quarter. Grove Bank & Trust raised its stake in shares of EOG Resources by 10.0% during the 4th quarter. Grove Bank & Trust now owns 928 shares of the energy exploration company’s stock worth $114,000 after purchasing an additional 84 shares in the last quarter. Perigon Wealth Management LLC lifted its holdings in shares of EOG Resources by 2.6% during the 4th quarter. Perigon Wealth Management LLC now owns 3,342 shares of the energy exploration company’s stock valued at $410,000 after buying an additional 84 shares during the last quarter. Finally, FSM Wealth Advisors LLC grew its stake in shares of EOG Resources by 5.5% in the 3rd quarter. FSM Wealth Advisors LLC now owns 1,702 shares of the energy exploration company’s stock valued at $209,000 after buying an additional 88 shares in the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on the stock. Bank of America reissued a “neutral” rating and issued a $144.00 target price (down from $151.00) on shares of EOG Resources in a research report on Monday, January 13th. Piper Sandler raised their target price on EOG Resources from $140.00 to $141.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Wolfe Research raised EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 price objective on the stock in a report on Friday, January 3rd. Truist Financial boosted their target price on EOG Resources from $135.00 to $137.00 and gave the stock a “hold” rating in a report on Monday, January 13th. Finally, Royal Bank of Canada upgraded EOG Resources from a “sector perform” rating to an “outperform” rating and increased their price target for the company from $150.00 to $155.00 in a report on Wednesday. Twelve investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $144.14.

EOG Resources Price Performance

Shares of EOG Resources stock opened at $129.40 on Friday. EOG Resources, Inc. has a twelve month low of $109.06 and a twelve month high of $139.67. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. The firm has a market cap of $72.78 billion, a P/E ratio of 10.42, a price-to-earnings-growth ratio of 3.36 and a beta of 1.27. The firm’s 50-day simple moving average is $127.76 and its 200-day simple moving average is $127.39.

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

Insider Activity

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the business’s stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $120.89, for a total value of $483,560.00. Following the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Janet F. Clark sold 568 shares of the stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $135.33, for a total transaction of $76,867.44. Following the sale, the director now owns 43,532 shares of the company’s stock, valued at $5,891,185.56. This trade represents a 1.29 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.30% of the company’s stock.

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.