Bank of Jackson Hole Trust Takes $752,000 Position in EOG Resources, Inc. (NYSE:EOG)

Bank of Jackson Hole Trust acquired a new stake in shares of EOG Resources, Inc. (NYSE:EOG) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 6,134 shares of the energy exploration company’s stock, valued at approximately $752,000.

Other hedge funds have also recently modified their holdings of the company. DRW Securities LLC lifted its stake in shares of EOG Resources by 98.6% during the 3rd quarter. DRW Securities LLC now owns 26,838 shares of the energy exploration company’s stock valued at $3,299,000 after buying an additional 13,324 shares in the last quarter. Caprock Group LLC lifted its stake in EOG Resources by 7.7% in the 3rd quarter. Caprock Group LLC now owns 12,112 shares of the energy exploration company’s stock worth $1,489,000 after purchasing an additional 862 shares in the last quarter. World Investment Advisors LLC purchased a new stake in EOG Resources in the 3rd quarter worth $730,000. Oak Ridge Investments LLC lifted its stake in EOG Resources by 5.9% in the 4th quarter. Oak Ridge Investments LLC now owns 41,274 shares of the energy exploration company’s stock worth $5,059,000 after purchasing an additional 2,311 shares in the last quarter. Finally, KBC Group NV lifted its stake in EOG Resources by 11.4% in the 3rd quarter. KBC Group NV now owns 119,132 shares of the energy exploration company’s stock worth $14,645,000 after purchasing an additional 12,210 shares in the last quarter. Institutional investors own 89.91% of the company’s stock.

Analysts Set New Price Targets

EOG has been the topic of several research analyst reports. Truist Financial boosted their price target on shares of EOG Resources from $135.00 to $137.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. Benchmark reiterated a “hold” rating on shares of EOG Resources in a research note on Monday, January 13th. Raymond James boosted their target price 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. Piper Sandler boosted their target price on shares of EOG Resources from $140.00 to $141.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Finally, Royal Bank of Canada upgraded shares of EOG Resources from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from $150.00 to $155.00 in a report on Wednesday, February 12th. Twelve equities research 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 company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $144.14.

EOG Resources Trading Up 1.2 %

NYSE:EOG opened at $130.92 on Wednesday. EOG Resources, Inc. has a 52 week low of $109.06 and a 52 week high of $139.67. The firm has a 50 day moving average of $127.91 and a 200 day moving average of $127.54. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $73.63 billion, a price-to-earnings ratio of 10.54, a PEG ratio of 3.36 and a beta of 1.27.

EOG Resources announced that its board has approved a share 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 reacquire up to 7% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

Insiders Place Their Bets

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources 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 completion of the transaction, the chief operating officer now owns 42,703 shares of the company’s stock, valued at approximately $5,162,365.67. The trade was a 8.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.30% of the company’s stock.

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.