Hartford Investment Management Co. Sells 1,031 Shares of EOG Resources, Inc. (NYSE:EOG)

Hartford Investment Management Co. lowered its holdings in EOG Resources, Inc. (NYSE:EOGFree Report) by 2.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 34,749 shares of the energy exploration company’s stock after selling 1,031 shares during the period. Hartford Investment Management Co.’s holdings in EOG Resources were worth $4,260,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Warther Private Wealth LLC grew its position in EOG Resources by 1.5% during the fourth quarter. Warther Private Wealth LLC now owns 94,125 shares of the energy exploration company’s stock valued at $11,538,000 after buying an additional 1,393 shares during the period. Quent Capital LLC increased its stake in shares of EOG Resources by 29.4% during the 4th quarter. Quent Capital LLC now owns 581 shares of the energy exploration company’s stock worth $71,000 after purchasing an additional 132 shares during the last quarter. Yacktman Asset Management LP raised its holdings in shares of EOG Resources by 10.3% in the 4th quarter. Yacktman Asset Management LP now owns 1,807,065 shares of the energy exploration company’s stock worth $221,510,000 after purchasing an additional 168,723 shares during the period. Essex Financial Services Inc. grew its holdings in EOG Resources by 1.3% during the fourth quarter. Essex Financial Services Inc. now owns 6,145 shares of the energy exploration company’s stock valued at $753,000 after purchasing an additional 79 shares during the period. Finally, Focus Financial Network Inc. increased its position in EOG Resources by 8.7% in the fourth quarter. Focus Financial Network Inc. now owns 1,882 shares of the energy exploration company’s stock worth $231,000 after buying an additional 151 shares during the last quarter. Institutional investors own 89.91% of the company’s stock.

Insider Activity

In other EOG Resources 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 value of $483,560.00. Following the completion of the sale, the chief operating officer now 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Janet F. Clark sold 568 shares of the stock in a transaction that occurred 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 transaction, the director now owns 43,532 shares in the company, valued at $5,891,185.56. The trade was a 1.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.30% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on EOG shares. Mizuho lowered their price target on shares of EOG Resources from $156.00 to $148.00 and set an “outperform” rating on the stock in a research report on Monday, December 16th. Truist Financial increased their target price on EOG Resources from $135.00 to $137.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. Bank of America reiterated 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. KeyCorp dropped their price objective on EOG Resources from $157.00 to $150.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. Finally, Benchmark reaffirmed a “hold” rating on shares of EOG Resources in a report on Monday, January 13th. Twelve analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $144.14.

Get Our Latest Stock Report on EOG Resources

EOG Resources Stock Down 2.6 %

EOG opened at $128.83 on Thursday. 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 business’s fifty day simple moving average is $127.79 and its 200 day simple moving average is $127.37. EOG Resources, Inc. has a 52 week low of $109.06 and a 52 week high of $139.67. The stock has a market cap of $72.46 billion, a PE ratio of 10.37, a P/E/G ratio of 3.36 and a beta of 1.27.

EOG Resources announced that its board has initiated a stock repurchase plan on Thursday, November 7th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the energy exploration company to repurchase up to 7% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its stock is undervalued.

EOG Resources Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)

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