2,635 Shares in EOG Resources, Inc. (NYSE:EOG) Purchased by Cassaday & Co Wealth Management LLC

Cassaday & Co Wealth Management LLC acquired a new stake in EOG Resources, Inc. (NYSE:EOG) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 2,635 shares of the energy exploration company’s stock, valued at approximately $323,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Financial Life Planners bought a new position in EOG Resources in the 4th quarter valued at $25,000. Y.D. More Investments Ltd grew its position in shares of EOG Resources by 149.4% during the 4th 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. Decker Retirement Planning Inc. purchased a new stake in shares of EOG Resources during the 4th quarter worth approximately $27,000. Keystone Financial Group Inc. bought a new stake in shares of EOG Resources in the 4th quarter worth approximately $27,000. Finally, Eastern Bank purchased a new position in EOG Resources in the third quarter valued at approximately $28,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Trading Down 1.9 %

Shares of EOG opened at $133.10 on Friday. EOG Resources, Inc. has a 1-year low of $109.06 and a 1-year high of $139.67. The company has a market capitalization of $74.86 billion, a P/E ratio of 10.72, a P/E/G ratio of 3.55 and a beta of 1.27. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. The firm’s 50 day simple moving average is $128.36 and its 200 day simple moving average is $127.71.

EOG Resources declared that its board has initiated a share repurchase program on Thursday, November 7th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the energy exploration company to repurchase up to 7% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

A number of research firms have issued reports on EOG. StockNews.com downgraded EOG Resources from a “buy” rating to a “hold” rating in a research report on Friday. Bank of America restated a “neutral” rating and issued a $144.00 price objective (down from $151.00) on shares of EOG Resources in a research note on Monday, January 13th. Raymond James increased their target price 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 raised shares of EOG Resources from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from $150.00 to $155.00 in a research report on Wednesday, February 12th. Finally, Wolfe Research raised shares of EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 price objective for the company in a report on Friday, January 3rd. Thirteen analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $144.14.

Insider Transactions at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 4,000 shares of the company’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 transaction, the chief operating officer now directly owns 42,703 shares in the company, valued at approximately $5,162,365.67. The trade was a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.30% of the company’s stock.

About EOG Resources

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.