EOG Resources, Inc. (NYSE:EOG) Shares Sold by Shaker Investments LLC OH

Shaker Investments LLC OH lessened its stake in EOG Resources, Inc. (NYSE:EOG) by 0.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 23,646 shares of the energy exploration company’s stock after selling 179 shares during the quarter. EOG Resources accounts for about 1.2% of Shaker Investments LLC OH’s portfolio, making the stock its 27th largest position. Shaker Investments LLC OH’s holdings in EOG Resources were worth $2,899,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in EOG. Charles Schwab Investment Management Inc. increased its stake in EOG Resources by 0.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 17,411,032 shares of the energy exploration company’s stock valued at $2,140,338,000 after purchasing an additional 75,194 shares during the last quarter. Geode Capital Management LLC grew its position in shares of EOG Resources by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 12,315,735 shares of the energy exploration company’s stock valued at $1,513,446,000 after buying an additional 180,755 shares during the last quarter. Franklin Resources Inc. lifted its holdings in EOG Resources by 64.7% in the third quarter. Franklin Resources Inc. now owns 5,284,228 shares of the energy exploration company’s stock worth $694,717,000 after acquiring an additional 2,076,134 shares during the last quarter. Pacer Advisors Inc. raised its position in shares of EOG Resources by 5.0% during the 4th quarter. Pacer Advisors Inc. now owns 4,469,142 shares of the energy exploration company’s stock worth $547,827,000 after purchasing an additional 214,497 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its position in EOG Resources by 3.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,653,922 shares of the energy exploration company’s stock valued at $326,247,000 after purchasing an additional 79,988 shares during the period. 89.91% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on EOG shares. StockNews.com upgraded shares of EOG Resources from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Truist Financial lifted their price target on EOG Resources from $135.00 to $137.00 and gave the company a “hold” rating in a report on Monday, January 13th. Wolfe Research upgraded 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. Mizuho reduced their price target on EOG Resources from $156.00 to $148.00 and set an “outperform” rating for the company in a research report on Monday, December 16th. Finally, Raymond James upped their price objective on shares of EOG Resources from $167.00 to $175.00 and gave the stock a “strong-buy” rating in a report on Thursday, January 23rd. Thirteen 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 company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $143.90.

EOG Resources Price Performance

NYSE EOG opened at $130.59 on Tuesday. The firm has a market cap of $73.45 billion, a P/E ratio of 10.51, a price-to-earnings-growth ratio of 3.36 and a beta of 1.27. The stock’s 50-day moving average is $127.80 and its two-hundred day moving average is $127.31. EOG Resources, Inc. has a fifty-two week low of $109.06 and a fifty-two week high of $139.67. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07.

EOG Resources declared that its board has initiated a stock repurchase program on Thursday, November 7th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the energy exploration company to reacquire up to 7% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.

Insider Activity at EOG Resources

In other news, Director Janet F. Clark sold 568 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $135.33, for a total transaction of $76,867.44. Following the completion of the transaction, the director now directly owns 43,532 shares in the company, valued at $5,891,185.56. The trade was a 1.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the firm’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 sale, the chief operating officer now owns 42,703 shares in the company, valued at approximately $5,162,365.67. The trade was a 8.56 % decrease in their position. The disclosure for this sale can be found here. 0.30% of the stock is 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.