EOG Resources, Inc. (NYSE:EOG) Shares Sold by Values First Advisors Inc.

Values First Advisors Inc. lessened its stake in EOG Resources, Inc. (NYSE:EOG) by 11.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 13,226 shares of the energy exploration company’s stock after selling 1,653 shares during the period. Values First Advisors Inc.’s holdings in EOG Resources were worth $1,621,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Brookstone Capital Management acquired a new stake in EOG Resources during the third quarter valued at approximately $217,000. Valeo Financial Advisors LLC boosted its holdings in EOG Resources by 9.5% in the third quarter. Valeo Financial Advisors LLC now owns 4,231 shares of the energy exploration company’s stock worth $520,000 after purchasing an additional 368 shares during the period. Ritholtz Wealth Management increased its stake in EOG Resources by 3.6% during the third quarter. Ritholtz Wealth Management now owns 4,220 shares of the energy exploration company’s stock valued at $519,000 after purchasing an additional 147 shares during the last quarter. Exchange Traded Concepts LLC bought a new position in shares of EOG Resources in the 3rd quarter worth about $834,000. Finally, CHICAGO TRUST Co NA boosted its holdings in shares of EOG Resources by 5.4% in the 3rd quarter. CHICAGO TRUST Co NA now owns 1,863 shares of the energy exploration company’s stock valued at $229,000 after buying an additional 96 shares during the period. Institutional investors own 89.91% of the company’s stock.

EOG Resources Price Performance

NYSE EOG opened at $132.32 on Wednesday. EOG Resources, Inc. has a 1 year low of $109.06 and a 1 year high of $139.67. The business’s fifty day moving average is $127.79 and its two-hundred day moving average is $127.37. The stock has a market capitalization of $74.42 billion, a P/E ratio of 10.65, a P/E/G ratio of 3.36 and a beta of 1.27. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31.

EOG Resources declared that its board has authorized a stock buyback plan on Thursday, November 7th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the energy exploration company to reacquire up to 7% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Wolfe Research upgraded shares of EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 price objective on the stock in a research note on Friday, January 3rd. Citigroup increased 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. Mizuho reduced their price objective on EOG Resources from $156.00 to $148.00 and set an “outperform” rating for the company in a research report on Monday, December 16th. Bank of America reaffirmed 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. Finally, Royal Bank of Canada raised shares of EOG Resources from a “sector perform” rating to an “outperform” rating and boosted 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 given a strong buy rating to the company’s stock. According to data from MarketBeat.com, EOG Resources currently has a consensus rating of “Moderate Buy” and an average price target of $144.14.

Insider Transactions at EOG Resources

In related news, Director Janet F. Clark sold 568 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the director now owns 43,532 shares in the company, valued at approximately $5,891,185.56. This represents a 1.29 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources 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 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 ownership of the stock. The disclosure for this sale can be found here. 0.30% of the stock is owned by insiders.

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.