EOG Resources, Inc. (NYSE:EOG) Shares Purchased by Bryn Mawr Capital Management LLC

Bryn Mawr Capital Management LLC boosted its position in EOG Resources, Inc. (NYSE:EOG) by 24.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,105 shares of the energy exploration company’s stock after purchasing an additional 1,777 shares during the period. Bryn Mawr Capital Management LLC’s holdings in EOG Resources were worth $1,116,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Sabal Trust CO lifted its position in EOG Resources by 84.2% in the fourth quarter. Sabal Trust CO now owns 6,433 shares of the energy exploration company’s stock worth $789,000 after purchasing an additional 2,941 shares during the period. National Pension Service lifted its position in EOG Resources by 0.3% in the fourth quarter. National Pension Service now owns 1,275,736 shares of the energy exploration company’s stock worth $156,380,000 after purchasing an additional 4,140 shares during the period. Advisor OS LLC lifted its position in shares of EOG Resources by 3.1% during the 4th quarter. Advisor OS LLC now owns 2,751 shares of the energy exploration company’s stock valued at $337,000 after acquiring an additional 82 shares during the last quarter. Denali Advisors LLC acquired a new stake in shares of EOG Resources during the 4th quarter valued at $515,000. Finally, Lake Street Advisors Group LLC lifted its position in shares of EOG Resources by 10.7% during the 4th quarter. Lake Street Advisors Group LLC now owns 3,649 shares of the energy exploration company’s stock valued at $447,000 after acquiring an additional 354 shares during the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

EOG Resources Trading Down 1.2 %

NYSE EOG opened at $129.70 on Thursday. EOG Resources, Inc. has a 1-year low of $112.11 and a 1-year high of $139.67. 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 capitalization of $72.95 billion, a PE ratio of 10.44, a price-to-earnings-growth ratio of 3.58 and a beta of 1.27. The firm’s fifty day simple moving average is $128.90 and its 200-day simple moving average is $127.87.

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

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Wells Fargo & Company upgraded EOG Resources from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $147.00 to $150.00 in a research report on Tuesday, December 17th. StockNews.com downgraded EOG Resources from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. Piper Sandler increased their price objective on EOG Resources from $140.00 to $141.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Benchmark reiterated a “hold” rating on shares of EOG Resources in a research report on Monday, January 13th. Finally, Raymond James increased their price objective on EOG Resources from $167.00 to $175.00 and gave the company a “strong-buy” rating in a research report on Thursday, January 23rd. Twelve research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, EOG Resources currently has an average rating of “Moderate Buy” and a consensus target price 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 on Tuesday, December 31st. The shares were sold at an average price of $120.89, for a total value of $483,560.00. Following the transaction, the chief operating officer now directly owns 42,703 shares of the company’s stock, valued at approximately $5,162,365.67. This represents a 8.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.30% of the stock is currently owned by company insiders.

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.