VisionPoint Advisory Group LLC Purchases 89 Shares of EOG Resources, Inc. (NYSE:EOG)

VisionPoint Advisory Group LLC grew its position in shares of EOG Resources, Inc. (NYSE:EOG) by 3.2% in the 4th quarter, HoldingsChannel reports. The fund owned 2,876 shares of the energy exploration company’s stock after buying an additional 89 shares during the period. VisionPoint Advisory Group LLC’s holdings in EOG Resources were worth $359,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of EOG. Foundations Investment Advisors LLC raised its holdings in EOG Resources by 10.7% during the third quarter. Foundations Investment Advisors LLC now owns 1,838 shares of the energy exploration company’s stock worth $226,000 after buying an additional 178 shares during the last quarter. Sequoia Financial Advisors LLC increased its position in shares of EOG Resources by 44.2% during the third quarter. Sequoia Financial Advisors LLC now owns 10,603 shares of the energy exploration company’s stock worth $1,303,000 after acquiring an additional 3,251 shares in the last quarter. Eastern Bank acquired a new stake in shares of EOG Resources in the 3rd quarter worth about $28,000. Commerzbank Aktiengesellschaft FI lifted its position in EOG Resources by 43.8% in the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 3,035 shares of the energy exploration company’s stock valued at $374,000 after acquiring an additional 924 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new position in EOG Resources during the 3rd quarter valued at about $32,860,000. 89.91% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

EOG has been the subject of several analyst reports. Piper Sandler increased their price objective on EOG Resources from $140.00 to $141.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. StockNews.com lowered EOG Resources from a “buy” rating to a “hold” rating in a research report on Friday. Mizuho cut their price objective on shares of EOG Resources from $156.00 to $148.00 and set an “outperform” rating on the stock in a report on Monday, December 16th. Bank of America reiterated a “neutral” rating and issued a $144.00 target price (down previously from $151.00) on shares of EOG Resources in a report on Monday, January 13th. Finally, Truist Financial raised their price target on shares of EOG Resources from $135.00 to $137.00 and gave the company a “hold” rating in a research report on Monday, January 13th. Thirteen research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, EOG Resources currently has a consensus rating of “Hold” and a consensus target price of $144.14.

EOG Resources Price Performance

EOG Resources stock opened at $133.10 on Friday. 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 business’s 50 day simple moving average is $128.36 and its 200 day simple moving average is $127.71. EOG Resources, Inc. has a 12 month low of $109.06 and a 12 month high of $139.67. The company has a market cap of $74.86 billion, a price-to-earnings ratio of 10.72, a PEG ratio of 3.55 and a beta of 1.27.

EOG Resources declared that its Board of Directors has authorized a share repurchase program on Thursday, November 7th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the energy exploration company to buy up to 7% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Insider Activity

In related news, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $120.89, for a total value of $483,560.00. Following the completion of the sale, the chief operating officer now 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.30% of the company’s stock.

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.