Miller Howard Investments Inc. NY Purchases 1,107 Shares of EOG Resources, Inc. (NYSE:EOG)

Miller Howard Investments Inc. NY lifted its position in shares of EOG Resources, Inc. (NYSE:EOG) by 9.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,999 shares of the energy exploration company’s stock after purchasing an additional 1,107 shares during the period. Miller Howard Investments Inc. NY’s holdings in EOG Resources were worth $1,593,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of 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 valued at $1,154,000 after acquiring an additional 75 shares in the last quarter. Rosenberg Matthew Hamilton lifted its position in shares of 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 period. Grove Bank & Trust boosted 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 valued at $114,000 after purchasing an additional 84 shares in the last quarter. Perigon Wealth Management LLC raised its stake in EOG Resources by 2.6% in the fourth quarter. Perigon Wealth Management LLC now owns 3,342 shares of the energy exploration company’s stock worth $410,000 after buying an additional 84 shares in the last quarter. Finally, FSM Wealth Advisors LLC lifted its holdings in EOG Resources by 5.5% in the third quarter. FSM Wealth Advisors LLC now owns 1,702 shares of the energy exploration company’s stock worth $209,000 after buying an additional 88 shares during the period. 89.91% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, COO Jeffrey R. Leitzell sold 4,000 shares of the stock in a transaction that occurred 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 directly owns 42,703 shares of the company’s stock, valued at approximately $5,162,365.67. This represents a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Janet F. Clark sold 568 shares of EOG Resources stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $135.33, for a total value of $76,867.44. Following the completion of the sale, the director now directly owns 43,532 shares in the company, valued at approximately $5,891,185.56. The trade was a 1.29 % decrease in their position. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by company insiders.

EOG Resources Trading Down 0.1 %

Shares of EOG stock opened at $126.50 on Friday. EOG Resources, Inc. has a 1 year low of $109.06 and a 1 year high of $139.67. The firm has a fifty day moving average price of $127.80 and a 200-day moving average price of $127.28. The company has a market cap of $71.15 billion, a price-to-earnings ratio of 10.19, a PEG ratio of 3.36 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 (NYSE:EOG) last issued its quarterly earnings results on Thursday, November 7th. The energy exploration company reported $2.89 earnings per share for the quarter, beating the consensus estimate 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 in the previous year, the firm earned $3.44 earnings per share. As a group, equities analysts predict that EOG Resources, Inc. will post 11.46 earnings per share for the current year.

EOG Resources declared that its Board of Directors has approved a share repurchase program on Thursday, November 7th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the energy exploration company to repurchase up to 7% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

Several research analysts have recently issued reports on EOG shares. Bank of America reissued a “neutral” rating and issued a $144.00 target price (down previously from $151.00) on shares of EOG Resources in a research report on Monday, January 13th. StockNews.com raised shares of EOG Resources from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Wolfe Research raised shares of EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 price target for the company in a research report on Friday, January 3rd. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $150.00 target price on shares of EOG Resources in a research note on Monday, January 6th. Finally, Truist Financial upped their price target on EOG Resources from $135.00 to $137.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. Thirteen investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus 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.