New York Life Investment Management LLC Sells 214 Shares of EOG Resources, Inc. (NYSE:EOG)

New York Life Investment Management LLC cut its stake in EOG Resources, Inc. (NYSE:EOG) by 0.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 75,388 shares of the energy exploration company’s stock after selling 214 shares during the quarter. New York Life Investment Management LLC’s holdings in EOG Resources were worth $9,241,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in EOG. Insight Inv LLC raised its holdings in EOG Resources by 0.8% in the third quarter. Insight Inv LLC now owns 9,385 shares of the energy exploration company’s stock worth $1,154,000 after purchasing an additional 75 shares in the last quarter. Essex Financial Services Inc. grew its position in shares of EOG Resources by 1.3% in the 4th quarter. Essex Financial Services Inc. now owns 6,145 shares of the energy exploration company’s stock worth $753,000 after buying an additional 79 shares during the last quarter. Valmark Advisers Inc. raised its stake in shares of EOG Resources by 2.6% during the 4th quarter. Valmark Advisers Inc. now owns 3,140 shares of the energy exploration company’s stock worth $385,000 after acquiring an additional 79 shares in the last quarter. Deseret Mutual Benefit Administrators raised its stake in shares of EOG Resources by 8.8% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 989 shares of the energy exploration company’s stock worth $121,000 after acquiring an additional 80 shares in the last quarter. Finally, Advisor OS LLC lifted its position in EOG Resources by 3.1% during the fourth quarter. Advisor OS LLC now owns 2,751 shares of the energy exploration company’s stock valued at $337,000 after acquiring an additional 82 shares during the last quarter. 89.91% of the stock is owned by institutional investors.

Insider Activity at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 4,000 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $5,162,365.67. This represents a 8.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.30% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on EOG. Royal Bank of Canada raised shares of EOG Resources from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from $150.00 to $155.00 in a report on Wednesday, February 12th. Benchmark restated a “hold” rating on shares of EOG Resources in a research note on Monday, January 13th. StockNews.com cut EOG Resources from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. Wells Fargo & Company upgraded EOG Resources from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $147.00 to $150.00 in a research note on Tuesday, December 17th. Finally, Truist Financial increased their price objective 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. Twelve analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, EOG Resources currently has a consensus rating of “Moderate Buy” and a consensus price target of $144.85.

EOG Resources Price Performance

Shares of EOG opened at $130.55 on Friday. The company has a market capitalization of $73.43 billion, a P/E ratio of 10.51, a P/E/G ratio of 3.58 and a beta of 1.27. The business’s 50-day moving average is $129.14 and its two-hundred day moving average is $127.89. 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 fifty-two week low of $112.86 and a fifty-two week high of $139.67.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Friday, February 28th. The energy exploration company reported $2.74 earnings per share for the quarter, beating the consensus estimate of $2.55 by $0.19. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. The company had revenue of $5.59 billion during the quarter, compared to analysts’ expectations of $5.96 billion. Research analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources declared that its Board of Directors has authorized a stock buyback 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 repurchase up to 7% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board of directors believes its stock is undervalued.

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.