Deseret Mutual Benefit Administrators Purchases 80 Shares of EOG Resources, Inc. (NYSE:EOG)

Deseret Mutual Benefit Administrators lifted its position in EOG Resources, Inc. (NYSE:EOG) by 8.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 989 shares of the energy exploration company’s stock after buying an additional 80 shares during the period. Deseret Mutual Benefit Administrators’ holdings in EOG Resources were worth $121,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in EOG. Financial Life Planners bought a new position in shares of EOG Resources in the fourth quarter worth approximately $25,000. Y.D. More Investments Ltd lifted its stake in shares of EOG Resources by 149.4% in the fourth quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company’s stock worth $25,000 after buying an additional 121 shares in the last quarter. Decker Retirement Planning Inc. bought a new position in EOG Resources during the fourth quarter valued at approximately $27,000. Keystone Financial Group Inc. bought a new position in EOG Resources during the fourth quarter valued at approximately $27,000. Finally, Eastern Bank bought a new position in EOG Resources during the third quarter valued at approximately $28,000. Institutional investors own 89.91% of the company’s stock.

Insider Activity at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 4,000 shares of the firm’s stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $120.89, for a total transaction of $483,560.00. Following the completion of 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 trade represents a 8.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.30% of the stock is currently owned by corporate insiders.

EOG Resources Stock Performance

EOG opened at $133.10 on Friday. The stock has a market capitalization of $74.86 billion, a price-to-earnings ratio of 10.72, a PEG ratio of 3.58 and a beta of 1.27. The company has a fifty day moving average of $128.36 and a 200 day moving average of $127.75. 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.

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

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on EOG shares. Bank of America restated a “neutral” rating and set a $144.00 price objective (down previously from $151.00) on shares of EOG Resources in a research report on Monday, January 13th. Wolfe Research upgraded shares of EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 price objective on the stock in a research report on Friday, January 3rd. Benchmark restated a “hold” rating on shares of EOG Resources in a research report on Monday, January 13th. Piper Sandler increased their price objective on shares of EOG Resources from $140.00 to $141.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Finally, 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. Thirteen investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” 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.