Venturi Wealth Management LLC Has $495,000 Stock Position in EOG Resources, Inc. (NYSE:EOG)

Venturi Wealth Management LLC increased its position in shares of EOG Resources, Inc. (NYSE:EOG) by 79.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,036 shares of the energy exploration company’s stock after acquiring an additional 1,786 shares during the period. Venturi Wealth Management LLC’s holdings in EOG Resources were worth $495,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. D.A. Davidson & CO. grew its position in EOG Resources by 2.7% during the 4th quarter. D.A. Davidson & CO. now owns 208,236 shares of the energy exploration company’s stock worth $25,526,000 after acquiring an additional 5,386 shares during the last quarter. Empower Advisory Group LLC grew its position in EOG Resources by 21,218.1% during the 4th quarter. Empower Advisory Group LLC now owns 352,602 shares of the energy exploration company’s stock worth $43,222,000 after acquiring an additional 350,948 shares during the last quarter. CIBC Asset Management Inc grew its position in EOG Resources by 3.9% during the 4th quarter. CIBC Asset Management Inc now owns 96,545 shares of the energy exploration company’s stock worth $11,834,000 after acquiring an additional 3,612 shares during the last quarter. Sanctuary Advisors LLC grew its position in EOG Resources by 0.3% during the 4th quarter. Sanctuary Advisors LLC now owns 120,490 shares of the energy exploration company’s stock worth $15,637,000 after acquiring an additional 379 shares during the last quarter. Finally, Americana Partners LLC grew its position in EOG Resources by 238.3% during the 4th quarter. Americana Partners LLC now owns 5,145 shares of the energy exploration company’s stock worth $631,000 after acquiring an additional 8,864 shares during the last quarter. Institutional investors own 89.91% of the company’s stock.

Wall Street Analyst Weigh In

EOG has been the topic of a number of research reports. Mizuho reduced their price objective on EOG Resources from $156.00 to $148.00 and set an “outperform” rating on the stock in a research report on Monday, December 16th. Citigroup upped their price target on EOG Resources from $127.00 to $134.00 and gave the company a “neutral” rating in a research report on Tuesday, November 26th. Benchmark reiterated a “hold” rating on shares of EOG Resources in a research report on Monday, January 13th. Piper Sandler upped their price target on EOG Resources from $140.00 to $141.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Finally, 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 research report on Friday, January 3rd. Twelve analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $144.14.

Insider Buying and Selling

In related news, 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.30% of the stock is owned by company insiders.

EOG Resources Stock Up 2.7 %

EOG stock opened at $134.52 on Thursday. The stock’s 50 day simple moving average is $128.05 and its 200 day simple moving average is $127.59. EOG Resources, Inc. has a fifty-two week low of $109.06 and a fifty-two week high of $139.67. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. The company has a market cap of $75.66 billion, a P/E ratio of 10.83, a price-to-earnings-growth ratio of 3.42 and a beta of 1.27.

EOG Resources announced that its Board of Directors has approved a stock repurchase program on Thursday, November 7th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the energy exploration company to purchase up to 7% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership 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.