Simmons Bank Buys 1,676 Shares of EOG Resources, Inc. (NYSE:EOG)

Simmons Bank raised its stake in EOG Resources, Inc. (NYSE:EOG) by 17.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,044 shares of the energy exploration company’s stock after acquiring an additional 1,676 shares during the period. Simmons Bank’s holdings in EOG Resources were worth $1,354,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Financial Life Planners bought a new stake in EOG Resources in the 4th quarter valued at $25,000. Y.D. More Investments Ltd increased its holdings in EOG Resources by 149.4% in 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 last quarter. Decker Retirement Planning Inc. bought a new stake in EOG Resources in the 4th quarter valued at $27,000. Keystone Financial Group Inc. bought a new stake in EOG Resources in the 4th quarter valued at $27,000. Finally, Capital Performance Advisors LLP bought a new stake in EOG Resources in the 3rd quarter valued at $31,000. 89.91% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Wolfe Research upgraded shares of EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 target price on the stock in a report on Friday, January 3rd. Raymond James upped their price target on shares of EOG Resources from $167.00 to $175.00 and gave the company a “strong-buy” rating in a report on Thursday, January 23rd. Bank of America reiterated a “neutral” rating and set a $144.00 price target (down from $151.00) on shares of EOG Resources in a report on Monday, January 13th. Piper Sandler upped their target price on shares of EOG Resources from $140.00 to $141.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Finally, Wells Fargo & Company upgraded shares of EOG Resources from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $147.00 to $150.00 in a research note on Tuesday, December 17th. Twelve investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $144.85.

Insider Buying and Selling at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the firm’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 completion of the sale, the chief operating officer now directly owns 42,703 shares in the company, valued at $5,162,365.67. This trade represents 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 available at the SEC website. 0.30% of the stock is owned by insiders.

EOG Resources Price Performance

Shares of EOG opened at $129.70 on Thursday. The company has a market cap of $72.95 billion, a price-to-earnings ratio of 10.44, a price-to-earnings-growth ratio of 3.58 and a beta of 1.27. EOG Resources, Inc. has a twelve month low of $112.11 and a twelve month high of $139.67. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. The company has a 50 day moving average of $128.90 and a two-hundred day moving average of $127.87.

EOG Resources announced that its Board of Directors has authorized a stock buyback plan 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 plans are typically an indication that the company’s leadership 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.