Atria Wealth Solutions Inc. Has $3.94 Million Holdings in EOG Resources, Inc. (NYSE:EOG)

Atria Wealth Solutions Inc. decreased its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 3.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 32,158 shares of the energy exploration company’s stock after selling 1,194 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in EOG Resources were worth $3,942,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Financial Life Planners acquired a new stake in EOG Resources in the fourth quarter worth $25,000. Y.D. More Investments Ltd boosted its position in shares of 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 purchasing an additional 121 shares in the last quarter. Decker Retirement Planning Inc. acquired a new stake in shares of EOG Resources in the 4th quarter valued at about $27,000. Keystone Financial Group Inc. acquired a new stake in shares of EOG Resources in the 4th quarter valued at about $27,000. Finally, Eastern Bank bought a new stake in EOG Resources in the 3rd quarter valued at about $28,000. Institutional investors own 89.91% of the company’s stock.

Wall Street Analysts Forecast Growth

EOG has been the subject of a number of research reports. Truist Financial raised their price objective on EOG Resources from $135.00 to $137.00 and gave the company a “hold” rating in a research note on Monday, January 13th. Wells Fargo & Company upgraded EOG Resources from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $147.00 to $150.00 in a report on Tuesday, December 17th. Bank of America restated a “neutral” rating and set a $144.00 price target (down previously from $151.00) on shares of EOG Resources in a research note on Monday, January 13th. Mizuho dropped their price objective on shares of EOG Resources from $156.00 to $148.00 and set an “outperform” rating on the stock in a research note on Monday, December 16th. Finally, Raymond James lifted their price objective on shares of EOG Resources from $167.00 to $175.00 and gave the company a “strong-buy” rating in a report on Thursday, January 23rd. Twelve research 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 data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $144.14.

EOG Resources Stock Up 0.9 %

Shares of NYSE:EOG opened at $135.73 on Friday. EOG Resources, Inc. has a 1 year low of $109.06 and a 1 year high of $139.67. The company has a market capitalization of $76.34 billion, a PE ratio of 10.93, a price-to-earnings-growth ratio of 3.46 and a beta of 1.27. The business has a fifty day moving average price of $128.23 and a two-hundred day moving average price of $127.64. 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 announced that its board has initiated a share buyback 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 purchase up to 7% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Insider Activity at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources stock in a transaction that occurred 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 approximately $5,162,365.67. The trade was a 8.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.30% of the stock is owned by company insiders.

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.