EOG Resources, Inc. (NYSE:EOG) Shares Sold by Bradley Foster & Sargent Inc. CT

Bradley Foster & Sargent Inc. CT reduced its position in EOG Resources, Inc. (NYSE:EOG) by 30.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 39,607 shares of the energy exploration company’s stock after selling 17,542 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in EOG Resources were worth $4,855,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of EOG. Financial Life Planners purchased a new stake in shares of EOG Resources in the fourth quarter valued at $25,000. Y.D. More Investments Ltd lifted its position in EOG Resources by 149.4% during the fourth quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company’s stock worth $25,000 after buying an additional 121 shares during the period. Decker Retirement Planning Inc. acquired a new stake in EOG Resources in the 4th quarter worth about $27,000. Keystone Financial Group Inc. purchased a new stake in EOG Resources in the 4th quarter valued at about $27,000. Finally, Eastern Bank acquired a new position in shares of EOG Resources during the 3rd quarter valued at about $28,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

EOG Resources Trading Down 1.9 %

NYSE EOG opened at $133.10 on Friday. The stock has a market cap of $74.86 billion, a P/E ratio of 10.72, a PEG ratio of 3.55 and a beta of 1.27. The company’s fifty day simple moving average is $128.36 and its 200-day simple moving average is $127.71. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. EOG Resources, Inc. has a 52 week low of $109.06 and a 52 week high of $139.67.

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

Insiders Place Their Bets

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the firm’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 trade represents a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.30% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on EOG shares. Raymond James raised their target price on shares of EOG Resources from $167.00 to $175.00 and gave the stock a “strong-buy” rating in a research report on Thursday, January 23rd. Piper Sandler increased their price target on shares of EOG Resources from $140.00 to $141.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Bank of America reissued a “neutral” rating and set a $144.00 price objective (down from $151.00) on shares of EOG Resources in a research note on Monday, January 13th. Benchmark reaffirmed a “hold” rating on shares of EOG Resources in a research report on Monday, January 13th. Finally, Royal Bank of Canada upgraded EOG Resources from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from $150.00 to $155.00 in a report on Wednesday, February 12th. Thirteen investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, EOG Resources currently has a consensus rating of “Hold” and a consensus price target of $144.14.

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.