EOG Resources, Inc. (NYSE:EOG) Shares Bought by Howard Capital Management Inc.

Howard Capital Management Inc. raised its position in EOG Resources, Inc. (NYSE:EOG) by 20.4% in the 4th quarter, Holdings Channel reports. The fund owned 14,912 shares of the energy exploration company’s stock after acquiring an additional 2,529 shares during the period. Howard Capital Management Inc.’s holdings in EOG Resources were worth $1,828,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Foundations Investment Advisors LLC increased its position in EOG Resources by 10.7% during the 3rd 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. Eastern Bank purchased a new stake in shares of EOG Resources in the third quarter valued at approximately $28,000. International Assets Investment Management LLC acquired a new position in EOG Resources during the third quarter worth $32,860,000. Ballentine Partners LLC raised its position in EOG Resources by 7.1% in the third quarter. Ballentine Partners LLC now owns 3,695 shares of the energy exploration company’s stock worth $454,000 after acquiring an additional 245 shares in the last quarter. Finally, Lake Street Advisors Group LLC raised its position in EOG Resources by 4.5% in the third quarter. Lake Street Advisors Group LLC now owns 3,295 shares of the energy exploration company’s stock worth $405,000 after acquiring an additional 142 shares in the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Down 1.9 %

Shares of NYSE EOG opened at $133.10 on Monday. The firm’s 50 day moving average price is $128.36 and its 200 day moving average price is $127.78. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. The firm has a market cap of $74.86 billion, a P/E ratio of 10.72, a price-to-earnings-growth ratio of 3.58 and a beta of 1.27. 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 repurchase program on Thursday, November 7th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the energy exploration company to buy up to 7% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Wells Fargo & Company raised shares of EOG Resources from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $147.00 to $150.00 in a research note on Tuesday, December 17th. Piper Sandler boosted their price target on EOG Resources from $140.00 to $141.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Mizuho dropped their price objective on EOG Resources from $156.00 to $148.00 and set an “outperform” rating for the company in a research note on Monday, December 16th. Wolfe Research raised EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 price objective for the company in a report on Friday, January 3rd. Finally, Royal Bank of Canada raised EOG Resources from a “sector perform” rating to an “outperform” rating and upped their target price 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, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $144.85.

Insider Transactions at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the company’s stock in a transaction dated Tuesday, December 31st. The shares were 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 $5,162,365.67. This represents a 8.56 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 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.