Colonial River Investments LLC Has $348,000 Stake in EOG Resources, Inc. (NYSE:EOG)

Colonial River Investments LLC grew its position in shares of EOG Resources, Inc. (NYSE:EOG) by 12.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,841 shares of the energy exploration company’s stock after buying an additional 316 shares during the quarter. Colonial River Investments LLC’s holdings in EOG Resources were worth $348,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Financial Life Planners acquired a new stake in shares of EOG Resources during the 4th quarter valued at about $25,000. Y.D. More Investments Ltd lifted its holdings 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 buying an additional 121 shares during the last quarter. Decker Retirement Planning Inc. acquired a new stake in shares of EOG Resources during the 4th quarter valued at about $27,000. Keystone Financial Group Inc. acquired a new stake in shares of EOG Resources during the 4th quarter valued at about $27,000. Finally, Eastern Bank bought a new position in shares of EOG Resources in the 3rd quarter valued at approximately $28,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

EOG Resources Stock Performance

EOG opened at $133.10 on Monday. The stock 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. 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 $109.06 and a 1 year high of $139.67. The stock’s 50 day simple moving average is $128.36 and its 200-day simple moving average is $127.78.

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

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Mizuho cut their price objective on EOG Resources from $156.00 to $148.00 and set an “outperform” rating on the stock in a research note on Monday, December 16th. Wolfe Research raised EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 price objective on the stock in a research note on Friday, January 3rd. StockNews.com downgraded EOG Resources from a “buy” rating to a “hold” rating in a research note on Friday. Bank of America reissued 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. Finally, Benchmark reissued a “hold” rating on shares of EOG Resources in a research note on Monday, January 13th. Twelve equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $144.85.

Insider Activity

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $120.89, for a total transaction of $483,560.00. Following the sale, 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 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.

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.