EOG Resources, Inc. (NYSE:EOG) Stock Position Lifted by Rothschild Investment LLC

Rothschild Investment LLC lifted its stake in shares of EOG Resources, Inc. (NYSE:EOGFree Report) by 1.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 10,197 shares of the energy exploration company’s stock after acquiring an additional 192 shares during the period. Rothschild Investment LLC’s holdings in EOG Resources were worth $1,250,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the stock. Franklin Resources Inc. increased its stake in EOG Resources by 64.7% during the 3rd quarter. Franklin Resources Inc. now owns 5,284,228 shares of the energy exploration company’s stock valued at $694,717,000 after buying an additional 2,076,134 shares during the period. Fisher Asset Management LLC boosted its holdings in shares of EOG Resources by 856.7% in the third quarter. Fisher Asset Management LLC now owns 1,200,851 shares of the energy exploration company’s stock valued at $147,621,000 after acquiring an additional 1,075,334 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in shares of EOG Resources by 577.8% during the fourth quarter. Assenagon Asset Management S.A. now owns 696,596 shares of the energy exploration company’s stock valued at $85,389,000 after acquiring an additional 593,823 shares during the period. Empower Advisory Group LLC raised its holdings in EOG Resources by 21,218.1% during the fourth quarter. Empower Advisory Group LLC now owns 352,602 shares of the energy exploration company’s stock worth $43,222,000 after purchasing an additional 350,948 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its position in EOG Resources by 42.8% in the third quarter. Victory Capital Management Inc. now owns 1,113,429 shares of the energy exploration company’s stock worth $136,874,000 after purchasing an additional 333,947 shares during the period. Institutional investors and hedge funds own 89.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on EOG shares. Truist Financial lifted their price target on EOG Resources from $135.00 to $137.00 and gave the company a “hold” rating in a research report on Monday, January 13th. Raymond James boosted their price target on shares of EOG Resources from $167.00 to $175.00 and gave the stock a “strong-buy” rating in a research report on Thursday, January 23rd. Royal Bank of Canada upgraded shares of EOG Resources from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from $150.00 to $155.00 in a research report on Wednesday, February 12th. Bank of America reaffirmed a “neutral” rating and issued a $144.00 price objective (down previously from $151.00) on shares of EOG Resources in a research note on Monday, January 13th. Finally, Piper Sandler increased their target price on shares of EOG Resources from $140.00 to $141.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Twelve equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, EOG Resources currently has a consensus rating of “Moderate Buy” and an average target price of $144.85.

Get Our Latest Analysis on EOG Resources

Insider Buying and Selling at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the stock in a transaction that occurred 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 sale, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.30% of the company’s stock.

EOG Resources Stock Up 0.3 %

NYSE:EOG opened at $133.50 on Tuesday. The business’s fifty day moving average price is $128.53 and its 200 day moving average price is $127.83. The firm has a market capitalization of $75.08 billion, a price-to-earnings ratio of 10.75, a PEG ratio of 3.58 and a beta of 1.27. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. EOG Resources, Inc. has a 1-year low of $111.13 and a 1-year high of $139.67.

EOG Resources announced that its Board of Directors has initiated a stock buyback program on Thursday, November 7th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the energy exploration company to purchase up to 7% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its shares are undervalued.

About EOG Resources

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)

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