Pinnacle Financial Partners Inc Has $21.42 Million Stock Holdings in EOG Resources, Inc. (NYSE:EOG)

Pinnacle Financial Partners Inc trimmed its holdings in EOG Resources, Inc. (NYSE:EOG) by 11.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 174,507 shares of the energy exploration company’s stock after selling 21,604 shares during the quarter. Pinnacle Financial Partners Inc’s holdings in EOG Resources were worth $21,415,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Foundations Investment Advisors LLC increased its position in EOG Resources by 10.7% in the third quarter. Foundations Investment Advisors LLC now owns 1,838 shares of the energy exploration company’s stock worth $226,000 after purchasing an additional 178 shares during the period. Sequoia Financial Advisors LLC increased its holdings in shares of EOG Resources by 44.2% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 10,603 shares of the energy exploration company’s stock worth $1,303,000 after acquiring an additional 3,251 shares during the last quarter. Eastern Bank acquired a new position in EOG Resources in the 3rd quarter valued at $28,000. Commerzbank Aktiengesellschaft FI grew its holdings in EOG Resources by 43.8% in the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 3,035 shares of the energy exploration company’s stock valued at $374,000 after buying an additional 924 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new stake in shares of EOG Resources during the 3rd quarter valued at $32,860,000. 89.91% of the stock is owned by institutional investors.

Insider Activity at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources stock in a transaction 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 directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.30% of the stock is owned by corporate insiders.

EOG Resources Stock Down 1.9 %

EOG stock opened at $133.10 on Friday. EOG Resources, Inc. has a twelve month low of $109.06 and a twelve month high of $139.67. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. The firm has a market cap of $74.86 billion, a PE ratio of 10.72, a price-to-earnings-growth ratio of 3.55 and a beta of 1.27. The business has a 50 day moving average of $128.36 and a 200 day moving average of $127.71.

EOG Resources announced that its Board of Directors has initiated a stock buyback program on Thursday, November 7th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the energy exploration company to repurchase up to 7% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on EOG shares. StockNews.com cut EOG Resources from a “buy” rating to a “hold” rating in a report on Friday. Citigroup raised their target price on EOG Resources from $127.00 to $134.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 26th. Wolfe Research upgraded EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 price target on the stock in a report on Friday, January 3rd. Wells Fargo & Company upgraded EOG Resources from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $147.00 to $150.00 in a report on Tuesday, December 17th. Finally, Raymond James raised their target price on EOG Resources from $167.00 to $175.00 and gave the company a “strong-buy” rating in a report on Thursday, January 23rd. Thirteen research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $144.14.

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.