Choreo LLC Purchases 5,635 Shares of EOG Resources, Inc. (NYSE:EOG)

Choreo LLC boosted its stake in EOG Resources, Inc. (NYSE:EOG) by 49.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,993 shares of the energy exploration company’s stock after purchasing an additional 5,635 shares during the quarter. Choreo LLC’s holdings in EOG Resources were worth $2,049,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of EOG. Atomi Financial Group Inc. grew its holdings in EOG Resources by 42.2% in the third quarter. Atomi Financial Group Inc. now owns 4,380 shares of the energy exploration company’s stock worth $538,000 after purchasing an additional 1,300 shares during the period. Brookstone Capital Management acquired a new position in shares of EOG Resources during the third quarter valued at about $217,000. Marcum Wealth LLC grew its holdings in shares of EOG Resources by 10.7% during the third quarter. Marcum Wealth LLC now owns 3,689 shares of the energy exploration company’s stock valued at $453,000 after buying an additional 356 shares during the last quarter. Wedmont Private Capital grew its holdings in shares of EOG Resources by 8.4% during the third quarter. Wedmont Private Capital now owns 6,887 shares of the energy exploration company’s stock valued at $925,000 after buying an additional 531 shares during the last quarter. Finally, UMB Bank n.a. grew its holdings in shares of EOG Resources by 4.0% during the third quarter. UMB Bank n.a. now owns 9,067 shares of the energy exploration company’s stock valued at $1,115,000 after buying an additional 352 shares during the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Raymond James lifted their price objective on shares of EOG Resources from $167.00 to $175.00 and gave the company a “strong-buy” rating in a report on Thursday, January 23rd. KeyCorp reduced their price objective on shares of EOG Resources from $157.00 to $150.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. Truist Financial lifted their price objective on shares of EOG Resources from $135.00 to $137.00 and gave the company a “hold” rating in a report on Monday, January 13th. Wells Fargo & Company upgraded shares of EOG Resources from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $147.00 to $150.00 in a report on Tuesday, December 17th. Finally, Mizuho cut their price target on shares of EOG Resources from $156.00 to $148.00 and set an “outperform” rating on the stock in a report on Monday, December 16th. 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 stock. According to MarketBeat.com, EOG Resources has a consensus rating of “Hold” and an average price target of $143.90.

Insider Activity

In other news, Director Janet F. Clark sold 568 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $135.33, for a total value of $76,867.44. Following the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $120.89, for a total transaction of $483,560.00. Following the transaction, the chief operating officer now directly 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 disclosure for this sale can be found here. Insiders own 0.20% of the company’s stock.

EOG Resources Stock Performance

Shares of EOG stock opened at $126.50 on Friday. The firm has a market cap of $71.15 billion, a price-to-earnings ratio of 10.19, a P/E/G ratio of 3.33 and a beta of 1.27. 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. The firm’s 50-day simple moving average is $127.93 and its two-hundred day simple moving average is $127.28.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Thursday, November 7th. The energy exploration company reported $2.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.73 by $0.16. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The company 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. As a group, equities analysts forecast that EOG Resources, Inc. will post 11.46 earnings per share for the current year.

EOG Resources declared that its Board of Directors has approved a stock repurchase plan on Thursday, November 7th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the energy exploration company to reacquire up to 7% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are 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.