Rothschild Investment LLC Raises Position in EOG Resources, Inc. (NYSE:EOG)

Rothschild Investment LLC lifted its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 1.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 10,197 shares of the energy exploration company’s stock after buying an additional 192 shares during the quarter. Rothschild Investment LLC’s holdings in EOG Resources were worth $1,250,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Financial Life Planners acquired a new position in shares of EOG Resources during the fourth quarter worth $25,000. Y.D. More Investments Ltd increased its stake 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 buying an additional 121 shares during the period. Decker Retirement Planning Inc. acquired a new position in EOG Resources in the 4th quarter worth $27,000. Keystone Financial Group Inc. purchased a new position in EOG Resources in the 4th quarter valued at about $27,000. Finally, Capital Performance Advisors LLP acquired a new stake in shares of EOG Resources during the third quarter valued at about $31,000. 89.91% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

EOG has been the topic of several recent analyst reports. Bank of America reiterated a “neutral” rating and issued a $144.00 price target (down previously from $151.00) on shares of EOG Resources in a research note on Monday, January 13th. Mizuho cut their target price on EOG Resources from $156.00 to $148.00 and set an “outperform” rating on the stock in a research report on Monday, December 16th. Piper Sandler raised their price target on shares of EOG Resources from $140.00 to $141.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Royal Bank of Canada raised shares of EOG Resources from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $150.00 to $155.00 in a report on Wednesday, February 12th. Finally, StockNews.com downgraded shares of EOG Resources from a “buy” rating to a “hold” rating in a research note on Friday. Twelve investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, EOG Resources presently has an average rating of “Moderate Buy” and a consensus target price of $144.85.

EOG Resources Trading Up 0.3 %

Shares of NYSE EOG opened at $133.50 on Tuesday. EOG Resources, Inc. has a 12-month low of $111.13 and a 12-month high of $139.67. The company has a market cap of $75.08 billion, a price-to-earnings ratio of 10.75, a price-to-earnings-growth ratio of 3.58 and a beta of 1.27. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. The stock’s 50 day simple moving average is $128.53 and its 200 day simple moving average is $127.83.

EOG Resources announced that its Board of Directors has approved a stock repurchase plan on Thursday, November 7th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the energy exploration company to reacquire up to 7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Insider Buying and Selling at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the company’s stock in a transaction dated 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 owns 42,703 shares in the company, valued at approximately $5,162,365.67. This represents a 8.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.30% of the stock is currently owned by company insiders.

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.