D.A. Davidson & CO. Acquires 5,386 Shares of EOG Resources, Inc. (NYSE:EOG)

D.A. Davidson & CO. grew its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 2.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 208,236 shares of the energy exploration company’s stock after acquiring an additional 5,386 shares during the period. D.A. Davidson & CO.’s holdings in EOG Resources were worth $25,526,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Financial Life Planners bought a new position in EOG Resources in the 4th quarter worth about $25,000. Y.D. More Investments Ltd boosted its position in shares of EOG Resources by 149.4% in the fourth quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company’s stock valued at $25,000 after acquiring an additional 121 shares during the period. Northwest Investment Counselors LLC purchased a new position in EOG Resources during the third quarter valued at approximately $26,000. Decker Retirement Planning Inc. bought a new stake in EOG Resources during the 4th quarter worth approximately $27,000. Finally, Keystone Financial Group Inc. purchased a new stake in EOG Resources in the 4th quarter worth approximately $27,000. 89.91% of the stock is owned by institutional investors.

Insider Activity at EOG Resources

In other 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 directly owns 42,703 shares of the company’s stock, valued at approximately $5,162,365.67. This trade represents a 8.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.30% of the stock is currently owned by company insiders.

EOG Resources Stock Up 0.3 %

Shares of EOG Resources stock opened at $129.40 on Tuesday. The company’s 50 day moving average price is $127.79 and its 200-day moving average price is $127.43. EOG Resources, Inc. has a 52-week low of $109.06 and a 52-week high of $139.67. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. The stock has a market capitalization of $72.78 billion, a price-to-earnings ratio of 10.42, a P/E/G ratio of 3.36 and a beta of 1.27.

EOG Resources announced that its board has authorized a stock buyback plan on Thursday, November 7th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the energy exploration company to repurchase up to 7% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its stock is undervalued.

Analysts Set New Price Targets

EOG has been the topic of several research analyst reports. Wells Fargo & Company raised shares of EOG Resources from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $147.00 to $150.00 in a report on Tuesday, December 17th. Benchmark restated a “hold” rating on shares of EOG Resources in a research note on Monday, January 13th. StockNews.com upgraded EOG Resources from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Piper Sandler upped their price objective on shares of EOG Resources from $140.00 to $141.00 and gave the stock a “neutral” rating in a research 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 lifted their target price for the company from $150.00 to $155.00 in a research report on Wednesday, February 12th. Twelve investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, EOG Resources presently has a consensus rating of “Moderate Buy” and a consensus target price 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.