Sumitomo Mitsui Trust Group Inc. Acquires 1,355 Shares of EOG Resources, Inc. (NYSE:EOG)

Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 0.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,418,424 shares of the energy exploration company’s stock after acquiring an additional 1,355 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.25% of EOG Resources worth $173,870,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in EOG. Financial Life Planners acquired a new stake in shares of EOG Resources in the fourth quarter valued at approximately $25,000. Y.D. More Investments Ltd raised 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 acquiring an additional 121 shares during the last quarter. Northwest Investment Counselors LLC acquired a new position in shares of EOG Resources during the third quarter valued at $26,000. Decker Retirement Planning Inc. bought a new position in EOG Resources in the fourth quarter valued at about $27,000. Finally, Eastern Bank acquired a new stake in EOG Resources in the third quarter worth about $28,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

Insiders Place Their Bets

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the company’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 owns 42,703 shares in the company, valued at $5,162,365.67. This represents a 8.56 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Janet F. Clark sold 568 shares of the firm’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $135.33, for a total transaction of $76,867.44. Following the completion of 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 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Piper Sandler raised their target price on shares of EOG Resources from $140.00 to $141.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Wells Fargo & Company raised shares of EOG Resources from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $147.00 to $150.00 in a report on Tuesday, December 17th. Raymond James increased their price target on EOG Resources from $167.00 to $175.00 and gave the company a “strong-buy” rating in a research note on Thursday, January 23rd. StockNews.com raised EOG Resources from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd. Finally, KeyCorp cut their target price on EOG Resources from $157.00 to $150.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. Thirteen equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $143.90.

EOG Resources Stock Down 0.1 %

NYSE:EOG opened at $126.50 on Friday. The company has a market cap of $71.15 billion, a PE ratio of 10.19, a PEG ratio of 3.33 and a beta of 1.27. The stock has a 50-day simple moving average of $127.93 and a 200 day simple moving average of $127.28. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. EOG Resources, Inc. has a 52-week low of $109.06 and a 52-week high of $139.67.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Thursday, November 7th. The energy exploration company reported $2.89 EPS for the quarter, topping analysts’ consensus estimates of $2.73 by $0.16. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The business had revenue of $5.97 billion for the quarter, compared to analyst estimates of $6.03 billion. During the same quarter in the previous year, the firm posted $3.44 earnings per share. On average, sell-side analysts expect that EOG Resources, Inc. will post 11.46 EPS for the current fiscal year.

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

EOG Resources Profile

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.