EOG Resources, Inc. (NYSE:EOG) Shares Sold by Wilkinson Global Asset Management LLC

Wilkinson Global Asset Management LLC cut its holdings in EOG Resources, Inc. (NYSE:EOG) by 14.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,020 shares of the energy exploration company’s stock after selling 500 shares during the quarter. Wilkinson Global Asset Management LLC’s holdings in EOG Resources were worth $370,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in EOG. Bank of Jackson Hole Trust purchased a new position in shares of EOG Resources during the fourth quarter worth about $752,000. Davidson Investment Advisors grew its stake in shares of EOG Resources by 0.5% in the 4th quarter. Davidson Investment Advisors now owns 165,495 shares of the energy exploration company’s stock valued at $20,286,000 after purchasing an additional 823 shares during the last quarter. Waycross Partners LLC increased its holdings in shares of EOG Resources by 3.0% in the fourth quarter. Waycross Partners LLC now owns 98,472 shares of the energy exploration company’s stock valued at $12,071,000 after purchasing an additional 2,862 shares during the period. Kestra Investment Management LLC purchased a new stake in shares of EOG Resources during the fourth quarter worth approximately $67,000. Finally, Venturi Wealth Management LLC lifted its holdings in shares of EOG Resources by 79.4% during the fourth quarter. Venturi Wealth Management LLC now owns 4,036 shares of the energy exploration company’s stock worth $495,000 after purchasing an additional 1,786 shares during the period. 89.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Mizuho dropped their price objective on shares of EOG Resources from $156.00 to $148.00 and set an “outperform” rating on the stock in a research note on Monday, December 16th. Wolfe Research upgraded shares of EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 price target on the stock in a research note on Friday, January 3rd. Benchmark restated a “hold” rating on shares of EOG Resources in a research report on Monday, January 13th. StockNews.com upgraded EOG Resources from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Finally, Royal Bank of Canada raised EOG Resources from a “sector perform” rating to an “outperform” rating and raised their price target for the company from $150.00 to $155.00 in a report on Wednesday, February 12th. Twelve analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $144.14.

Insiders Place Their Bets

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the company’s stock in a transaction dated 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 sale, the chief operating officer now directly owns 42,703 shares in the company, valued at $5,162,365.67. This represents 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 hyperlink. 0.30% of the stock is currently owned by insiders.

EOG Resources Price Performance

EOG opened at $130.92 on Wednesday. EOG Resources, Inc. has a 1 year low of $109.06 and a 1 year high of $139.67. The company’s 50 day simple moving average is $127.91 and its 200 day simple moving average is $127.54. The stock has a market capitalization of $73.63 billion, a PE ratio of 10.54, 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 announced that its Board of Directors has initiated a share buyback program on Thursday, November 7th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the energy exploration company to buy up to 7% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.

About EOG Resources

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.