Essex Financial Services Inc. Has $753,000 Stock Position in EOG Resources, Inc. (NYSE:EOG)

Essex Financial Services Inc. raised its position in EOG Resources, Inc. (NYSE:EOG) by 1.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,145 shares of the energy exploration company’s stock after purchasing an additional 79 shares during the quarter. Essex Financial Services Inc.’s holdings in EOG Resources were worth $753,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of EOG. Focus Financial Network Inc. grew its stake in shares of EOG Resources by 8.7% in the 4th quarter. Focus Financial Network Inc. now owns 1,882 shares of the energy exploration company’s stock valued at $231,000 after buying an additional 151 shares in the last quarter. Summit Trail Advisors LLC lifted its stake in EOG Resources by 49.1% in the fourth quarter. Summit Trail Advisors LLC now owns 4,232 shares of the energy exploration company’s stock valued at $519,000 after acquiring an additional 1,393 shares during the last quarter. Sapient Capital LLC grew its position in EOG Resources by 5.6% in the fourth quarter. Sapient Capital LLC now owns 144,979 shares of the energy exploration company’s stock worth $17,772,000 after acquiring an additional 7,718 shares in the last quarter. Equitable Trust Co. increased its stake in shares of EOG Resources by 11.9% during the 4th quarter. Equitable Trust Co. now owns 6,351 shares of the energy exploration company’s stock worth $779,000 after purchasing an additional 676 shares during the last quarter. Finally, MBA Advisors LLC raised its holdings in shares of EOG Resources by 4.3% during the 4th quarter. MBA Advisors LLC now owns 2,534 shares of the energy exploration company’s stock valued at $311,000 after purchasing an additional 105 shares in the last quarter. 89.91% of the stock is owned by institutional investors and hedge funds.

Insider Activity at EOG Resources

In other news, Director Janet F. Clark sold 568 shares of the stock in a transaction that occurred 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 transaction, the director now directly owns 43,532 shares of the company’s stock, valued at approximately $5,891,185.56. This represents a 1.29 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the business’s 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 sale, the chief operating officer now directly owns 42,703 shares in the company, valued at approximately $5,162,365.67. This represents a 8.56 % decrease in their position. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by corporate insiders.

EOG Resources Trading Down 2.6 %

EOG Resources stock opened at $128.83 on Thursday. EOG Resources, Inc. has a 12 month low of $109.06 and a 12 month high of $139.67. The stock has a market cap of $72.46 billion, a price-to-earnings ratio of 10.37, a price-to-earnings-growth ratio of 3.36 and a beta of 1.27. The business has a 50 day moving average price of $127.79 and a two-hundred day moving average price of $127.37. 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 declared that its Board of Directors has initiated a share buyback plan on Thursday, November 7th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the energy exploration company to repurchase up to 7% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

A number of analysts have weighed in on EOG shares. Piper Sandler boosted their price target on EOG Resources from $140.00 to $141.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Bank of America restated a “neutral” rating and issued a $144.00 target price (down from $151.00) on shares of EOG Resources in a report on Monday, January 13th. Royal Bank of Canada upgraded EOG Resources from a “sector perform” rating to an “outperform” rating and increased their price target for the company from $150.00 to $155.00 in a report on Wednesday. Mizuho reduced their price objective on shares of EOG Resources from $156.00 to $148.00 and set an “outperform” rating for the company in a research note on Monday, December 16th. Finally, Truist Financial raised their target price on shares of EOG Resources from $135.00 to $137.00 and gave the company a “hold” rating in a research note on Monday, January 13th. Twelve investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $144.14.

EOG Resources 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.