Centerpoint Advisory Group Makes New Investment in EOG Resources, Inc. (NYSE:EOG)

Centerpoint Advisory Group acquired a new stake in EOG Resources, Inc. (NYSE:EOG) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 3,150 shares of the energy exploration company’s stock, valued at approximately $386,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Financial Life Planners purchased a new position in EOG Resources in the fourth quarter worth approximately $25,000. Y.D. More Investments Ltd lifted its position in shares of EOG Resources by 149.4% during the 4th 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 acquired a new position in shares of EOG Resources during the third quarter worth $26,000. Decker Retirement Planning Inc. acquired a new stake in EOG Resources in the fourth quarter valued at $27,000. Finally, Keystone Financial Group Inc. purchased a new stake in EOG Resources during the 4th quarter worth about $27,000. 89.91% of the stock is owned by institutional investors and hedge funds.

EOG Resources Stock Up 0.3 %

EOG stock opened at $129.40 on Friday. EOG Resources, Inc. has a one year low of $109.06 and a one year high of $139.67. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. The company has a fifty day moving average of $127.79 and a 200-day moving average of $127.42. The stock has a market capitalization of $72.78 billion, a PE ratio of 10.42, a price-to-earnings-growth ratio of 3.36 and a beta of 1.27.

EOG Resources announced that its board has approved a share repurchase program on Thursday, November 7th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the energy exploration company to reacquire up to 7% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are undervalued.

Insider Activity at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the stock in a transaction 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 transaction, the chief operating officer now owns 42,703 shares in the company, valued at approximately $5,162,365.67. This represents a 8.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Janet F. Clark sold 568 shares of the business’s stock in a transaction 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 sale, 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. 0.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on EOG shares. Bank of America reiterated a “neutral” rating and issued a $144.00 price objective (down previously from $151.00) on shares of EOG Resources in a report on Monday, January 13th. Wolfe Research upgraded shares of EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 price objective for the company in a research report on Friday, January 3rd. Raymond James increased their target price on shares of EOG Resources from $167.00 to $175.00 and gave the company a “strong-buy” rating in a research report on Thursday, January 23rd. Truist Financial boosted their price target on shares of EOG Resources from $135.00 to $137.00 and gave the company a “hold” rating in a research report on Monday, January 13th. Finally, Benchmark reaffirmed a “hold” rating on shares of EOG Resources in a report on Monday, January 13th. Twelve investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $144.14.

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.