O Brien Greene & Co. Inc Sells 468 Shares of EOG Resources, Inc. (NYSE:EOG)

O Brien Greene & Co. Inc cut its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 0.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 80,296 shares of the energy exploration company’s stock after selling 468 shares during the period. EOG Resources comprises about 3.2% of O Brien Greene & Co. Inc’s investment portfolio, making the stock its 5th biggest holding. O Brien Greene & Co. Inc’s holdings in EOG Resources were worth $9,843,000 at the end of the most recent quarter.

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

Insider Activity

In related news, COO Jeffrey R. Leitzell sold 4,000 shares of the business’s stock in a transaction that occurred 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 sale, the chief operating officer now directly owns 42,703 shares in the company, valued at $5,162,365.67. The trade was a 8.56 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.30% of the company’s stock.

Wall Street Analyst Weigh In

EOG has been the subject of a number of research analyst reports. Piper Sandler boosted their price target on EOG Resources from $140.00 to $141.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Benchmark reiterated a “hold” rating on shares of EOG Resources in a research note on Monday, January 13th. Bank of America restated a “neutral” rating and issued a $144.00 price target (down from $151.00) on shares of EOG Resources in a research report on Monday, January 13th. Mizuho lowered 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 report 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 stock a “hold” rating in a report on Monday, January 13th. Twelve investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $144.14.

EOG Resources Price Performance

NYSE EOG opened at $134.52 on Thursday. The firm has a market capitalization of $75.66 billion, a PE ratio of 10.83, a P/E/G ratio of 3.42 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. EOG Resources, Inc. has a 12 month low of $109.06 and a 12 month high of $139.67. The company’s 50 day simple moving average is $128.05 and its 200 day simple moving average is $127.59.

EOG Resources declared that its board has initiated 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 usually a sign that the company’s board believes its shares are undervalued.

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.