Paradigm Asset Management Co. LLC Has $2.15 Million Stock Position in EOG Resources, Inc. (NYSE:EOG)

Paradigm Asset Management Co. LLC decreased its stake in EOG Resources, Inc. (NYSE:EOG) by 7.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 17,500 shares of the energy exploration company’s stock after selling 1,450 shares during the quarter. Paradigm Asset Management Co. LLC’s holdings in EOG Resources were worth $2,145,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Financial Life Planners acquired a new stake in EOG Resources during the 4th quarter worth about $25,000. Y.D. More Investments Ltd boosted its position 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 worth $25,000 after acquiring an additional 121 shares during the period. Decker Retirement Planning Inc. acquired a new stake in EOG Resources during the 4th quarter worth about $27,000. Keystone Financial Group Inc. purchased a new stake in shares of EOG Resources during the 4th quarter worth about $27,000. Finally, Eastern Bank bought a new stake in shares of EOG Resources in the 3rd quarter valued at approximately $28,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

EOG Resources Trading Up 0.9 %

NYSE EOG opened at $135.73 on Friday. The stock’s 50-day simple moving average is $128.23 and its two-hundred day simple moving average is $127.64. EOG Resources, Inc. has a twelve month low of $109.06 and a twelve month high of $139.67. The company has a market capitalization of $76.34 billion, a price-to-earnings ratio of 10.93, a PEG ratio of 3.55 and a beta of 1.27. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13.

EOG Resources declared that its Board of Directors has authorized a share repurchase program on Thursday, November 7th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the energy exploration company to repurchase up to 7% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $120.89, for a total value of $483,560.00. Following the completion of the sale, the chief operating officer now directly owns 42,703 shares in the company, valued at $5,162,365.67. This trade represents a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.30% of the stock is owned by insiders.

Analysts Set New Price Targets

EOG has been the subject of several recent research reports. Mizuho lowered their price target on EOG Resources from $156.00 to $148.00 and set an “outperform” rating for the company in a research note on Monday, December 16th. Piper Sandler boosted their target price on EOG Resources from $140.00 to $141.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Royal Bank of Canada upgraded EOG Resources from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $150.00 to $155.00 in a report on Wednesday, February 12th. Raymond James boosted their price objective on EOG Resources from $167.00 to $175.00 and gave the company a “strong-buy” rating in a research report on Thursday, January 23rd. Finally, Wells Fargo & Company upgraded EOG Resources from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $147.00 to $150.00 in a research report on Tuesday, December 17th. 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. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $144.14.

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.