EOG Resources, Inc. (NYSE:EOG) Stock Position Reduced by Conscious Wealth Investments LLC

Conscious Wealth Investments LLC reduced its position in EOG Resources, Inc. (NYSE:EOG) by 6.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,250 shares of the energy exploration company’s stock after selling 1,559 shares during the period. EOG Resources comprises about 1.9% of Conscious Wealth Investments LLC’s holdings, making the stock its 27th largest position. Conscious Wealth Investments LLC’s holdings in EOG Resources were worth $2,850,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Financial Life Planners bought a new position in EOG Resources during the fourth quarter valued at about $25,000. Y.D. More Investments Ltd boosted its position in EOG Resources by 149.4% during the fourth quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company’s stock worth $25,000 after purchasing an additional 121 shares during the period. Decker Retirement Planning Inc. acquired a new position in EOG Resources during the fourth quarter valued at approximately $27,000. Keystone Financial Group Inc. bought a new position in shares of EOG Resources in the fourth quarter valued at approximately $27,000. Finally, Eastern Bank acquired a new position in EOG Resources during the 3rd quarter worth $28,000. Institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Performance

Shares of EOG Resources stock opened at $133.10 on Monday. 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 firm has a market cap of $74.86 billion, a price-to-earnings ratio of 10.72, a price-to-earnings-growth ratio of 3.58 and a beta of 1.27. The stock’s 50-day moving average is $128.36 and its 200-day moving average is $127.78. EOG Resources, Inc. has a one year low of $109.06 and a one year high of $139.67.

EOG Resources declared that its Board of Directors has approved a stock repurchase plan on Thursday, November 7th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the energy exploration company to purchase up to 7% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Mizuho decreased their price target on shares of EOG Resources from $156.00 to $148.00 and set an “outperform” rating on the stock in a research report on Monday, December 16th. Truist Financial raised their target price on EOG Resources from $135.00 to $137.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. 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. Wells Fargo & Company raised EOG Resources from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $147.00 to $150.00 in a report on Tuesday, December 17th. Finally, Bank of America reaffirmed a “neutral” rating and issued a $144.00 target price (down previously from $151.00) on shares of EOG Resources in a report on Monday, January 13th. Twelve research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, EOG Resources presently has a consensus rating of “Moderate Buy” and an average price target of $144.85.

Insider Buying and Selling at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the business’s stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $120.89, for a total value of $483,560.00. Following the sale, the chief operating officer now owns 42,703 shares of the company’s stock, valued at $5,162,365.67. The trade was a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.30% of the company’s stock.

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.