Stoneridge Investment Partners LLC Sells 100 Shares of EOG Resources, Inc. (NYSE:EOG)

Stoneridge Investment Partners LLC lessened its position in EOG Resources, Inc. (NYSE:EOG) by 1.3% during the fourth quarter, Holdings Channel reports. The fund owned 7,671 shares of the energy exploration company’s stock after selling 100 shares during the period. Stoneridge Investment Partners LLC’s holdings in EOG Resources were worth $940,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Entropy Technologies LP bought a new position in EOG Resources in the fourth quarter valued at $3,442,000. Empowered Funds LLC increased its stake in EOG Resources by 5.6% in the fourth quarter. Empowered Funds LLC now owns 293,056 shares of the energy exploration company’s stock valued at $35,923,000 after acquiring an additional 15,518 shares during the last quarter. Apollon Wealth Management LLC increased its stake in EOG Resources by 2.8% in the fourth quarter. Apollon Wealth Management LLC now owns 26,065 shares of the energy exploration company’s stock valued at $3,195,000 after acquiring an additional 711 shares during the last quarter. Vest Financial LLC grew its stake in shares of EOG Resources by 27.7% during the fourth quarter. Vest Financial LLC now owns 274,169 shares of the energy exploration company’s stock valued at $33,608,000 after buying an additional 59,413 shares during the last quarter. Finally, Cidel Asset Management Inc. grew its stake in shares of EOG Resources by 10.9% during the fourth quarter. Cidel Asset Management Inc. now owns 4,748 shares of the energy exploration company’s stock valued at $582,000 after buying an additional 467 shares during the last quarter. Institutional investors own 89.91% of the company’s stock.

Insider Buying and Selling at EOG Resources

In other EOG Resources news, Director Janet F. Clark sold 568 shares of the stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $135.33, for a total value of $76,867.44. Following the transaction, the director now directly owns 43,532 shares in the company, valued at approximately $5,891,185.56. This trade represents a 1.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 transaction of $483,560.00. Following the sale, the chief operating officer now directly 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 disclosure for this sale can be found here. Company insiders own 0.30% of the company’s stock.

Wall Street Analysts Forecast Growth

EOG has been the topic of a number of recent research reports. Benchmark reaffirmed a “hold” rating on shares of EOG Resources in a research note on Monday, January 13th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $150.00 price objective on shares of EOG Resources in a research note on Monday, January 6th. Mizuho reduced their price objective on EOG Resources from $156.00 to $148.00 and set an “outperform” rating on the stock in a research note on Monday, December 16th. Raymond James increased their target price on shares of EOG Resources from $167.00 to $175.00 and gave the stock a “strong-buy” rating in a report on Thursday, January 23rd. Finally, Bank of America reiterated a “neutral” rating and set a $144.00 target price (down from $151.00) on shares of EOG Resources in a report on Monday, January 13th. Thirteen investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, EOG Resources has a consensus rating of “Hold” and an average price target of $143.90.

EOG Resources Stock Down 0.1 %

EOG stock opened at $126.50 on Friday. The stock has a market capitalization of $71.15 billion, a P/E ratio of 10.19, a P/E/G 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 1-year low of $109.06 and a 1-year high of $139.67. The business has a fifty day moving average price of $127.80 and a 200-day moving average price of $127.28.

EOG Resources (NYSE:EOG) last posted its earnings results on Thursday, November 7th. The energy exploration company reported $2.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.73 by $0.16. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The business had revenue of $5.97 billion for the quarter, compared to analysts’ expectations of $6.03 billion. During the same quarter in the prior year, the business earned $3.44 EPS. Equities analysts forecast that EOG Resources, Inc. will post 11.46 earnings per share for the current fiscal year.

EOG Resources announced that its board has initiated a stock 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 generally a sign that the company’s management 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.