Legacy Capital Wealth Partners LLC Sells 750 Shares of EOG Resources, Inc. (NYSE:EOG)

Legacy Capital Wealth Partners LLC decreased its holdings in EOG Resources, Inc. (NYSE:EOG) by 1.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,281 shares of the energy exploration company’s stock after selling 750 shares during the period. EOG Resources comprises about 1.6% of Legacy Capital Wealth Partners LLC’s investment portfolio, making the stock its 11th biggest holding. Legacy Capital Wealth Partners LLC’s holdings in EOG Resources were worth $7,389,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Insight Inv LLC grew its holdings in shares of EOG Resources by 0.8% in 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 during the period. Essex Financial Services Inc. grew its holdings in shares of EOG Resources by 1.3% in the fourth quarter. Essex Financial Services Inc. now owns 6,145 shares of the energy exploration company’s stock worth $753,000 after acquiring an additional 79 shares during the period. Rosenberg Matthew Hamilton grew its holdings in shares of EOG Resources by 3.0% in the fourth quarter. Rosenberg Matthew Hamilton now owns 2,921 shares of the energy exploration company’s stock worth $358,000 after acquiring an additional 84 shares during the period. Grove Bank & Trust grew its holdings in shares of EOG Resources by 10.0% in the fourth quarter. Grove Bank & Trust now owns 928 shares of the energy exploration company’s stock worth $114,000 after acquiring an additional 84 shares during the period. Finally, Perigon Wealth Management LLC grew its holdings in shares of 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 acquiring an additional 84 shares during the period. Institutional investors own 89.91% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on EOG shares. Royal Bank of Canada raised EOG Resources from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from $150.00 to $155.00 in a report on Wednesday. Raymond James lifted their target price on EOG Resources from $167.00 to $175.00 and gave the company a “strong-buy” rating in a research report on Thursday, January 23rd. StockNews.com upgraded EOG Resources from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Benchmark reiterated a “hold” rating on shares of EOG Resources in a research report on Monday, January 13th. Finally, Mizuho lowered their target price on EOG Resources from $156.00 to $148.00 and set an “outperform” rating on the stock in a research report on Monday, December 16th. Twelve equities research 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 company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $144.14.

Insider Transactions at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the business’s 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 sale, the chief operating officer now directly owns 42,703 shares of the company’s stock, valued at $5,162,365.67. The trade was a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Janet F. Clark sold 568 shares of the business’s 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 sale, the director now directly owns 43,532 shares in the company, valued at $5,891,185.56. The trade was a 1.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.30% of the company’s stock.

EOG Resources Trading Up 0.3 %

Shares of EOG stock opened at $129.40 on Friday. EOG Resources, Inc. has a 12-month low of $109.06 and a 12-month high of $139.67. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. The stock’s 50-day moving average price is $127.79 and its 200-day moving average price is $127.42. The stock has a market capitalization of $72.78 billion, a price-to-earnings ratio of 10.42, a price-to-earnings-growth ratio of 3.36 and a beta of 1.27.

EOG Resources announced that its Board of Directors has authorized a stock buyback 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 purchase up to 7% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

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.