EOG Resources, Inc. (NYSE:EOG) Shares Purchased by Essex Financial Services Inc.

Essex Financial Services Inc. grew its position in shares of EOG Resources, Inc. (NYSE:EOG) by 1.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,145 shares of the energy exploration company’s stock after acquiring an additional 79 shares during the quarter. Essex Financial Services Inc.’s holdings in EOG Resources were worth $753,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Focus Financial Network Inc. grew its position in EOG Resources by 8.7% in the 4th quarter. Focus Financial Network Inc. now owns 1,882 shares of the energy exploration company’s stock worth $231,000 after purchasing an additional 151 shares during the last quarter. Summit Trail Advisors LLC boosted its position in shares of EOG Resources by 49.1% during the fourth quarter. Summit Trail Advisors LLC now owns 4,232 shares of the energy exploration company’s stock worth $519,000 after buying an additional 1,393 shares during the period. Sapient Capital LLC grew its holdings in EOG Resources by 5.6% in the 4th quarter. Sapient Capital LLC now owns 144,979 shares of the energy exploration company’s stock worth $17,772,000 after buying an additional 7,718 shares in the last quarter. Equitable Trust Co. increased its position in EOG Resources by 11.9% in the 4th quarter. Equitable Trust Co. now owns 6,351 shares of the energy exploration company’s stock valued at $779,000 after acquiring an additional 676 shares during the period. Finally, MBA Advisors LLC raised its stake in EOG Resources by 4.3% during the 4th quarter. MBA Advisors LLC now owns 2,534 shares of the energy exploration company’s stock valued at $311,000 after acquiring an additional 105 shares in the last quarter. Institutional investors own 89.91% of the company’s stock.

Insider Buying and Selling

In other news, Director Janet F. Clark sold 568 shares of the stock in a transaction on Tuesday, November 19th. The stock was 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 owns 43,532 shares in the company, valued at $5,891,185.56. This represents a 1.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources 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 transaction, the chief operating officer now owns 42,703 shares in the company, valued at $5,162,365.67. This represents a 8.56 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Citigroup increased their price target on EOG Resources from $127.00 to $134.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 26th. StockNews.com upgraded shares of EOG Resources from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Mizuho dropped 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. Wolfe Research upgraded shares of EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 price objective for the company in a report on Friday, January 3rd. Finally, KeyCorp dropped their target price on EOG Resources from $157.00 to $150.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. Twelve research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $144.14.

EOG Resources Stock Performance

Shares of EOG opened at $128.83 on Thursday. The company has a 50-day moving average of $127.79 and a two-hundred day moving average of $127.37. The stock has a market cap of $72.46 billion, a price-to-earnings ratio of 10.37, a PEG ratio of 3.36 and a beta of 1.27. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. 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 share buyback plan on Thursday, November 7th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the energy exploration company to repurchase up to 7% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

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.