Deseret Mutual Benefit Administrators Acquires 80 Shares of EOG Resources, Inc. (NYSE:EOG)

Deseret Mutual Benefit Administrators lifted its position in EOG Resources, Inc. (NYSE:EOG) by 8.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 989 shares of the energy exploration company’s stock after acquiring an additional 80 shares during the quarter. Deseret Mutual Benefit Administrators’ holdings in EOG Resources were worth $121,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its holdings in shares of EOG Resources by 0.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 17,411,032 shares of the energy exploration company’s stock worth $2,140,338,000 after acquiring an additional 75,194 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of EOG Resources by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 12,315,735 shares of the energy exploration company’s stock worth $1,513,446,000 after acquiring an additional 180,755 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of EOG Resources by 64.7% in the 3rd 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. lifted its holdings in shares of EOG Resources by 5.0% in the 4th quarter. Pacer Advisors Inc. now owns 4,469,142 shares of the energy exploration company’s stock worth $547,827,000 after acquiring an additional 214,497 shares during the last quarter. Finally, Yacktman Asset Management LP lifted its holdings in shares of EOG Resources by 10.3% in the 4th quarter. Yacktman Asset Management LP now owns 1,807,065 shares of the energy exploration company’s stock worth $221,510,000 after acquiring an additional 168,723 shares during the last quarter. Institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Down 1.9 %

NYSE:EOG opened at $133.10 on Friday. The company has a market cap of $74.86 billion, a PE ratio of 10.72, a P/E/G ratio of 3.58 and a beta of 1.27. EOG Resources, Inc. has a twelve month low of $109.06 and a twelve month 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’s 50 day moving average is $128.36 and its two-hundred day moving average is $127.75.

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

Insiders Place Their Bets

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $120.89, for a total transaction of $483,560.00. Following the sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.30% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on EOG shares. Bank of America restated 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. Truist Financial lifted their price objective on shares of EOG Resources from $135.00 to $137.00 and gave the company a “hold” rating in a report on Monday, January 13th. Citigroup lifted their price objective on shares of EOG Resources from $127.00 to $134.00 and gave the company a “neutral” rating in a report on Tuesday, November 26th. Royal Bank of Canada upgraded shares of EOG Resources from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from $150.00 to $155.00 in a report on Wednesday, February 12th. Finally, Raymond James lifted their price objective on shares of EOG Resources from $167.00 to $175.00 and gave the company a “strong-buy” rating in a report on Thursday, January 23rd. Thirteen analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus 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.