Conscious Wealth Investments LLC Sells 1,559 Shares of EOG Resources, Inc. (NYSE:EOG)

Conscious Wealth Investments LLC trimmed its position in EOG Resources, Inc. (NYSE:EOG) by 6.3% during the fourth quarter, Holdings Channel reports. The firm owned 23,250 shares of the energy exploration company’s stock after selling 1,559 shares during the quarter. EOG Resources makes up approximately 1.9% of Conscious Wealth Investments LLC’s portfolio, making the stock its 27th largest holding. Conscious Wealth Investments LLC’s holdings in EOG Resources were worth $2,850,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Truist Financial increased their price objective on shares of EOG Resources from $135.00 to $137.00 and gave the company a “hold” rating in a research report on Monday, January 13th. Benchmark restated a “hold” rating on shares of EOG Resources in a research report on Monday, January 13th. Wolfe Research raised EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 target price on the stock in a research report on Friday, January 3rd. Piper Sandler lifted their price target on EOG Resources from $140.00 to $141.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Finally, Wells Fargo & Company upgraded EOG Resources from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $147.00 to $150.00 in a research note on Tuesday, December 17th. Twelve research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $144.85.

EOG Resources Stock Performance

Shares of EOG Resources stock opened at $133.10 on Monday. 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 company has a market cap of $74.86 billion, a PE ratio of 10.72, a price-to-earnings-growth ratio of 3.58 and a beta of 1.27. The company has a 50 day moving average of $128.36 and a 200-day moving average of $127.78. EOG Resources, Inc. has a 1-year low of $109.06 and a 1-year high of $139.67.

EOG Resources declared that its Board of Directors has approved a stock buyback program 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 shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are undervalued.

Insiders Place Their Bets

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the business’s 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 completion of the transaction, the chief operating officer now owns 42,703 shares of the company’s stock, valued at approximately $5,162,365.67. The trade was a 8.56 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.30% of the company’s stock.

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.