Equitable Trust Co. Has $779,000 Stock Position in EOG Resources, Inc. (NYSE:EOG)

Equitable Trust Co. increased its position in EOG Resources, Inc. (NYSE:EOG) by 11.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,351 shares of the energy exploration company’s stock after purchasing an additional 676 shares during the quarter. Equitable Trust Co.’s holdings in EOG Resources were worth $779,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. MBA Advisors LLC increased its position in EOG Resources by 4.3% in the fourth quarter. MBA Advisors LLC now owns 2,534 shares of the energy exploration company’s stock worth $311,000 after purchasing an additional 105 shares during the period. Savant Capital LLC increased its position in EOG Resources by 33.0% in the fourth quarter. Savant Capital LLC now owns 19,880 shares of the energy exploration company’s stock worth $2,437,000 after purchasing an additional 4,933 shares during the period. Harbour Trust & Investment Management Co boosted its holdings in EOG Resources by 4.1% during the fourth quarter. Harbour Trust & Investment Management Co now owns 36,627 shares of the energy exploration company’s stock worth $4,490,000 after buying an additional 1,443 shares during the last quarter. Newbridge Financial Services Group Inc. boosted its holdings in EOG Resources by 643.6% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 290 shares of the energy exploration company’s stock worth $36,000 after buying an additional 251 shares during the last quarter. Finally, Kestra Private Wealth Services LLC boosted its holdings in EOG Resources by 22.7% during the fourth quarter. Kestra Private Wealth Services LLC now owns 11,425 shares of the energy exploration company’s stock worth $1,400,000 after buying an additional 2,117 shares during the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

EOG Resources Trading Up 3.2 %

NYSE EOG opened at $130.59 on Tuesday. The stock has a market capitalization of $73.45 billion, a price-to-earnings ratio of 10.51, a PEG ratio of 3.36 and a beta of 1.27. The stock’s 50 day moving average price is $127.80 and its two-hundred day moving average price is $127.31. 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 declared that its board has authorized a share repurchase program on Thursday, November 7th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the energy exploration company to repurchase up to 7% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

EOG has been the topic of a number of recent analyst reports. StockNews.com upgraded EOG Resources from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. Benchmark restated a “hold” rating on shares of EOG Resources in a report on Monday, January 13th. Royal Bank of Canada restated a “sector perform” rating and set a $150.00 target price on shares of EOG Resources in a report on Monday, January 6th. Piper Sandler raised their target price on EOG Resources from $140.00 to $141.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Finally, Citigroup raised their target price on EOG Resources from $127.00 to $134.00 and gave the stock a “neutral” rating in a report on Tuesday, November 26th. Thirteen investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $143.90.

Insiders Place Their Bets

In other EOG Resources news, Director Janet F. Clark sold 568 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $135.33, for a total transaction of $76,867.44. Following the transaction, the director now owns 43,532 shares of the company’s stock, valued at $5,891,185.56. The trade was a 1.29 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 value of $483,560.00. Following the transaction, 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 position. The disclosure for this sale can be found here. Insiders own 0.30% of the company’s stock.

EOG Resources Company 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.