Summit Trail Advisors LLC Acquires 1,393 Shares of EOG Resources, Inc. (NYSE:EOG)

Summit Trail Advisors LLC raised its stake in EOG Resources, Inc. (NYSE:EOG) by 49.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 4,232 shares of the energy exploration company’s stock after acquiring an additional 1,393 shares during the period. Summit Trail Advisors LLC’s holdings in EOG Resources were worth $519,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Brookstone Capital Management acquired a new position in EOG Resources in the 3rd quarter worth $217,000. Valeo Financial Advisors LLC boosted its position in shares of EOG Resources by 9.5% during the third quarter. Valeo Financial Advisors LLC now owns 4,231 shares of the energy exploration company’s stock worth $520,000 after buying an additional 368 shares during the period. Ritholtz Wealth Management grew its holdings in shares of EOG Resources by 3.6% during the third quarter. Ritholtz Wealth Management now owns 4,220 shares of the energy exploration company’s stock worth $519,000 after buying an additional 147 shares in the last quarter. Exchange Traded Concepts LLC acquired a new stake in EOG Resources in the 3rd quarter valued at approximately $834,000. Finally, CHICAGO TRUST Co NA lifted its stake in EOG Resources by 5.4% in the 3rd quarter. CHICAGO TRUST Co NA now owns 1,863 shares of the energy exploration company’s stock valued at $229,000 after acquiring an additional 96 shares in the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Price Performance

Shares of NYSE EOG opened at $132.32 on Wednesday. The firm has a market cap of $74.42 billion, a P/E ratio of 10.65, a price-to-earnings-growth ratio of 3.36 and a beta of 1.27. The business’s 50 day moving average is $127.78 and its 200-day moving average is $127.34. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. EOG Resources, Inc. has a 1-year low of $109.06 and a 1-year high of $139.67.

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

Analysts Set New Price Targets

Several equities analysts have recently weighed in on EOG shares. StockNews.com raised shares of EOG Resources from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd. Mizuho decreased their target price on shares of EOG Resources from $156.00 to $148.00 and set an “outperform” rating for the company in a research report on Monday, December 16th. Wolfe Research raised shares of EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 price target on the stock in a research report on Friday, January 3rd. Citigroup increased their price objective on shares of EOG Resources from $127.00 to $134.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 26th. Finally, KeyCorp lowered their target price on EOG Resources from $157.00 to $150.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. Thirteen analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, EOG Resources presently has an average rating of “Hold” and an average price target of $143.90.

Insider Buying and Selling at EOG Resources

In other news, Director Janet F. Clark sold 568 shares of EOG Resources 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 completion of the sale, the director now directly owns 43,532 shares in the company, valued at approximately $5,891,185.56. The trade was a 1.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 sale, the chief operating officer now directly owns 42,703 shares in the company, valued at approximately $5,162,365.67. This trade represents a 8.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.30% of the company’s stock.

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.