EOG Resources, Inc. (NYSE:EOG) Shares Bought by V Square Quantitative Management LLC

V Square Quantitative Management LLC grew its position in shares of EOG Resources, Inc. (NYSE:EOG) by 17.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,070 shares of the energy exploration company’s stock after purchasing an additional 598 shares during the period. V Square Quantitative Management LLC’s holdings in EOG Resources were worth $499,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Creative Planning increased its position in shares of EOG Resources by 0.9% during the third quarter. Creative Planning now owns 209,875 shares of the energy exploration company’s stock worth $25,800,000 after acquiring an additional 1,773 shares during the period. Global Retirement Partners LLC increased its position in shares of EOG Resources by 21.4% during the third quarter. Global Retirement Partners LLC now owns 2,907 shares of the energy exploration company’s stock worth $357,000 after acquiring an additional 512 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of EOG Resources by 5.3% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 108,202 shares of the energy exploration company’s stock worth $13,301,000 after acquiring an additional 5,470 shares during the period. Claro Advisors LLC increased its position in shares of EOG Resources by 103.7% during the third quarter. Claro Advisors LLC now owns 12,927 shares of the energy exploration company’s stock worth $1,589,000 after acquiring an additional 6,581 shares during the period. Finally, Aaron Wealth Advisors LLC increased its position in shares of EOG Resources by 19.6% during the third quarter. Aaron Wealth Advisors LLC now owns 4,641 shares of the energy exploration company’s stock worth $570,000 after acquiring an additional 760 shares during the period. 89.91% of the stock is currently owned by institutional investors and hedge funds.

EOG Resources Price Performance

Shares of EOG opened at $129.40 on Friday. 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 market capitalization of $72.78 billion, a price-to-earnings ratio of 10.42, a price-to-earnings-growth ratio of 3.36 and a beta of 1.27. The firm has a 50-day simple moving average of $127.79 and a 200-day simple moving average of $127.42. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31.

EOG Resources announced that its Board of Directors has approved a share buyback plan on Thursday, November 7th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the energy exploration company to reacquire up to 7% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Wells Fargo & Company raised EOG Resources from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $147.00 to $150.00 in a research report on Tuesday, December 17th. Bank of America reissued a “neutral” rating and issued a $144.00 target price (down previously from $151.00) on shares of EOG Resources in a report on Monday, January 13th. Piper Sandler increased their target price on EOG Resources from $140.00 to $141.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Benchmark reissued a “hold” rating on shares of EOG Resources in a report on Monday, January 13th. Finally, Mizuho dropped their target price on EOG Resources from $156.00 to $148.00 and set an “outperform” rating on the stock in a report on Monday, December 16th. Twelve analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $144.14.

Insider Transactions at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $120.89, for a total value of $483,560.00. Following the completion of the sale, the chief operating officer now owns 42,703 shares in the company, valued at $5,162,365.67. This trade represents a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Janet F. Clark sold 568 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $135.33, for a total transaction of $76,867.44. Following the completion of the sale, the director now owns 43,532 shares of the company’s stock, valued at approximately $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.

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.