Values First Advisors Inc. Decreases Holdings in EOG Resources, Inc. (NYSE:EOG)

Values First Advisors Inc. reduced its position in EOG Resources, Inc. (NYSE:EOG) by 11.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,226 shares of the energy exploration company’s stock after selling 1,653 shares during the period. Values First Advisors Inc.’s holdings in EOG Resources were worth $1,621,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Financial Life Planners acquired a new stake in shares of EOG Resources in the fourth quarter valued at approximately $25,000. Y.D. More Investments Ltd grew its holdings in 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 valued at $25,000 after buying an additional 121 shares during the last quarter. Northwest Investment Counselors LLC purchased a new position in EOG Resources during the third quarter worth $26,000. Decker Retirement Planning Inc. acquired a new position in shares of EOG Resources in the fourth quarter worth $27,000. Finally, Keystone Financial Group Inc. purchased a new stake in shares of EOG Resources in the fourth quarter valued at $27,000. 89.91% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other EOG Resources news, Director Janet F. Clark sold 568 shares of the company’s stock in a transaction dated 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 transaction, the director now directly owns 43,532 shares of the company’s stock, valued at $5,891,185.56. This represents a 1.29 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources 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 sale, the chief operating officer now directly owns 42,703 shares in the company, valued at approximately $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. Insiders own 0.30% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on EOG. Wolfe Research upgraded 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. Bank of America reissued a “neutral” rating and issued a $144.00 price objective (down previously from $151.00) on shares of EOG Resources in a research report on Monday, January 13th. Royal Bank of Canada raised shares of EOG Resources from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from $150.00 to $155.00 in a research note on Wednesday. Raymond James boosted their price target on EOG Resources from $167.00 to $175.00 and gave the company a “strong-buy” rating in a report on Thursday, January 23rd. Finally, Benchmark restated a “hold” rating on shares of EOG Resources in a report on Monday, January 13th. Twelve analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $144.14.

EOG Resources Stock Up 1.3 %

Shares of NYSE EOG opened at $132.32 on Wednesday. The stock has a fifty day moving average price of $127.79 and a 200 day moving average price of $127.37. 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 12-month low of $109.06 and a 12-month high of $139.67. The company has a market cap of $74.42 billion, a P/E ratio of 10.65, a P/E/G ratio of 3.36 and a beta of 1.27.

EOG Resources announced that its board has initiated a stock repurchase program on Thursday, November 7th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the energy exploration company to repurchase up to 7% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership 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.