Adell Harriman & Carpenter Inc. Has $222,000 Holdings in EOG Resources, Inc. (NYSE:EOG)

Adell Harriman & Carpenter Inc. lessened its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 39.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,810 shares of the energy exploration company’s stock after selling 1,190 shares during the period. Adell Harriman & Carpenter Inc.’s holdings in EOG Resources were worth $222,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Bank Pictet & Cie Europe AG lifted its position in shares of EOG Resources by 56.3% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 248,399 shares of the energy exploration company’s stock worth $30,449,000 after buying an additional 89,521 shares during the period. Valeo Financial Advisors LLC lifted its position in shares of EOG Resources by 6.2% during the 4th quarter. Valeo Financial Advisors LLC now owns 4,494 shares of the energy exploration company’s stock worth $551,000 after buying an additional 263 shares during the period. Chevy Chase Trust Holdings LLC lifted its position in shares of EOG Resources by 4.4% during the 4th quarter. Chevy Chase Trust Holdings LLC now owns 1,117,765 shares of the energy exploration company’s stock worth $137,016,000 after buying an additional 47,234 shares during the period. Banque Pictet & Cie SA raised its position in EOG Resources by 27.5% in the 4th quarter. Banque Pictet & Cie SA now owns 200,498 shares of the energy exploration company’s stock valued at $24,577,000 after purchasing an additional 43,197 shares during the last quarter. Finally, W.H. Cornerstone Investments Inc. raised its position in EOG Resources by 3.8% in the 4th quarter. W.H. Cornerstone Investments Inc. now owns 9,221 shares of the energy exploration company’s stock valued at $1,130,000 after purchasing an additional 340 shares during the last quarter. Institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Up 0.3 %

NYSE:EOG opened at $129.40 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 current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. The stock has a market cap of $72.78 billion, a price-to-earnings ratio of 10.42, a PEG ratio of 3.36 and a beta of 1.27. The stock has a 50-day moving average price of $127.79 and a two-hundred day moving average price of $127.42.

EOG Resources declared that its board has authorized a stock repurchase 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 repurchase up to 7% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

Several equities analysts have issued reports on EOG shares. Wolfe Research upgraded EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 price objective for the company in a research report on Friday, January 3rd. Citigroup lifted their price objective on EOG Resources from $127.00 to $134.00 and gave the company a “neutral” rating in a research report on Tuesday, November 26th. Mizuho cut their price objective on EOG Resources from $156.00 to $148.00 and set an “outperform” rating for the company in a research report on Monday, December 16th. Raymond James lifted their price objective on EOG Resources from $167.00 to $175.00 and gave the company a “strong-buy” rating in a research report on Thursday, January 23rd. Finally, StockNews.com upgraded EOG Resources from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Twelve research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $144.14.

Insider Buying and Selling at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the company’s stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $120.89, for a total transaction of $483,560.00. Following the completion of the transaction, the chief operating officer now directly owns 42,703 shares of the company’s stock, valued at $5,162,365.67. This represents a 8.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Janet F. Clark sold 568 shares of the company’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $135.33, for a total value of $76,867.44. Following the transaction, the director now directly owns 43,532 shares of the company’s stock, valued at $5,891,185.56. This represents a 1.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.