EOG Resources, Inc. (NYSE:EOG) Shares Bought by Sapient Capital LLC

Sapient Capital LLC raised its position in shares of EOG Resources, Inc. (NYSE:EOG) by 5.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 144,979 shares of the energy exploration company’s stock after acquiring an additional 7,718 shares during the quarter. Sapient Capital LLC’s holdings in EOG Resources were worth $17,772,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Financial Life Planners acquired a new position in EOG Resources in the 4th quarter valued at $25,000. Y.D. More Investments Ltd raised its position in shares of EOG Resources by 149.4% in the fourth quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company’s stock valued at $25,000 after buying an additional 121 shares during the last quarter. Northwest Investment Counselors LLC purchased a new position in shares of EOG Resources in the third quarter worth about $26,000. Decker Retirement Planning Inc. acquired a new position in EOG Resources during the fourth quarter worth about $27,000. Finally, Keystone Financial Group Inc. purchased a new stake in EOG Resources during the 4th quarter valued at about $27,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Insider Activity at EOG Resources

In other news, Director Janet F. Clark sold 568 shares of EOG Resources stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $135.33, for a total value of $76,867.44. Following the completion of the transaction, the director now owns 43,532 shares in the company, valued at approximately $5,891,185.56. This trade represents a 1.29 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 transaction of $483,560.00. Following the sale, the chief operating officer now owns 42,703 shares in the company, valued at $5,162,365.67. The trade was a 8.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.30% of the company’s stock.

Analyst Ratings Changes

EOG has been the topic of a number of research reports. Royal Bank of Canada reissued a “sector perform” rating and issued a $150.00 target price on shares of EOG Resources in a research note on Monday, January 6th. Wells Fargo & Company upgraded EOG Resources from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $147.00 to $150.00 in a research report on Tuesday, December 17th. Mizuho dropped their target price on EOG Resources from $156.00 to $148.00 and set an “outperform” rating for the company in a report on Monday, December 16th. Wolfe Research upgraded EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 price target on the stock in a report on Friday, January 3rd. Finally, Citigroup upped their price objective on shares of EOG Resources from $127.00 to $134.00 and gave the company a “neutral” rating in a report on Tuesday, November 26th. Thirteen equities research analysts have rated the stock with a hold rating, nine have assigned 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 “Hold” and an average price target of $143.90.

EOG Resources Stock Performance

NYSE EOG opened at $130.59 on Tuesday. The company has a market cap of $73.45 billion, a P/E ratio of 10.51, a P/E/G ratio of 3.36 and a beta of 1.27. EOG Resources, Inc. has a 1-year low of $109.06 and a 1-year high of $139.67. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. The stock has a 50-day moving average of $127.80 and a two-hundred day moving average of $127.31.

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

About EOG Resources

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.