Kestra Private Wealth Services LLC Increases Stock Position in EOG Resources, Inc. (NYSE:EOG)

Kestra Private Wealth Services LLC boosted its holdings in EOG Resources, Inc. (NYSE:EOG) by 22.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 11,425 shares of the energy exploration company’s stock after acquiring an additional 2,117 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in EOG Resources were worth $1,400,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Financial Life Planners bought a new position in shares of EOG Resources in the fourth quarter worth $25,000. Y.D. More Investments Ltd boosted its stake in EOG Resources by 149.4% in the 4th quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company’s stock worth $25,000 after purchasing an additional 121 shares during the period. Northwest Investment Counselors LLC purchased a new position in EOG Resources during the 3rd quarter valued at about $26,000. Decker Retirement Planning Inc. bought a new stake in shares of EOG Resources during the fourth quarter valued at about $27,000. Finally, Keystone Financial Group Inc. purchased a new stake in shares of EOG Resources in the fourth quarter worth about $27,000. Institutional investors own 89.91% of the company’s stock.

Insider Activity

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

EOG Resources Price Performance

Shares of EOG Resources stock opened at $128.83 on Thursday. The company’s fifty day simple moving average is $127.79 and its two-hundred day simple moving average is $127.37. EOG Resources, Inc. has a 12-month low of $109.06 and a 12-month high of $139.67. The firm has a market cap of $72.46 billion, a PE ratio of 10.37, a price-to-earnings-growth ratio of 3.36 and a beta of 1.27. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13.

EOG Resources announced that its board has authorized a stock buyback plan on Thursday, November 7th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the energy exploration company to repurchase up to 7% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

EOG has been the subject of several recent analyst reports. Citigroup boosted their price objective on shares of EOG Resources from $127.00 to $134.00 and gave the company a “neutral” rating in a research note on Tuesday, November 26th. KeyCorp reduced their price target on shares of EOG Resources from $157.00 to $150.00 and set an “overweight” rating for the company in a research report on Wednesday, October 16th. Mizuho lowered their price objective on EOG Resources from $156.00 to $148.00 and set an “outperform” rating on the stock in a research report on Monday, December 16th. StockNews.com upgraded EOG Resources from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Finally, Wells Fargo & Company upgraded EOG Resources from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $147.00 to $150.00 in a research note on Tuesday, December 17th. Twelve investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $144.14.

EOG Resources Company 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.