Sunpointe LLC Buys Shares of 1,924 EOG Resources, Inc. (NYSE:EOG)

Sunpointe LLC purchased a new position in EOG Resources, Inc. (NYSE:EOG) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,924 shares of the energy exploration company’s stock, valued at approximately $236,000.

Several other large investors also recently modified their holdings of the company. Financial Life Planners purchased a new position in EOG Resources in the fourth quarter worth about $25,000. Y.D. More Investments Ltd boosted its holdings 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 during the last quarter. Northwest Investment Counselors LLC purchased a new stake in EOG Resources during the third quarter valued at approximately $26,000. Decker Retirement Planning Inc. bought a new position in EOG Resources in the fourth quarter worth approximately $27,000. Finally, Keystone Financial Group Inc. purchased a new position in shares of EOG Resources during the 4th quarter worth $27,000. Institutional investors own 89.91% of the company’s stock.

Insider Activity at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the business’s stock in a transaction dated 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 directly owns 42,703 shares in the company, valued at $5,162,365.67. The trade was a 8.56 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.30% of the stock is owned by insiders.

EOG Resources Stock Up 2.7 %

Shares of EOG opened at $134.52 on Thursday. The business’s 50 day simple moving average is $128.05 and its 200-day simple moving average is $127.59. EOG Resources, Inc. has a 1 year low of $109.06 and a 1 year high of $139.67. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. The stock has a market capitalization of $75.66 billion, a price-to-earnings ratio of 10.83, a price-to-earnings-growth ratio of 3.42 and a beta of 1.27.

EOG Resources announced that its Board of Directors has authorized a stock buyback program 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 purchase up to 7% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Analysts Set New Price Targets

Several equities research analysts have recently commented on EOG shares. Citigroup upped their price objective on EOG Resources from $127.00 to $134.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 26th. Benchmark reaffirmed a “hold” rating on shares of EOG Resources in a research note on Monday, January 13th. Wells Fargo & Company upgraded EOG Resources from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $147.00 to $150.00 in a research note on Tuesday, December 17th. Truist Financial raised their target price on shares of EOG Resources from $135.00 to $137.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. Finally, StockNews.com upgraded shares of EOG Resources from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Twelve equities 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’s stock. According to MarketBeat.com, EOG Resources has a consensus rating of “Moderate Buy” and a consensus price target of $144.14.

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.