Leo Wealth LLC Takes $567,000 Position in EOG Resources, Inc. (NYSE:EOG)

Leo Wealth LLC purchased a new position in EOG Resources, Inc. (NYSE:EOG) in the fourth quarter, Holdings Channel reports. The fund purchased 4,628 shares of the energy exploration company’s stock, valued at approximately $567,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Financial Life Planners purchased a new position in shares of EOG Resources during the 4th quarter valued at $25,000. Y.D. More Investments Ltd lifted its holdings in shares of 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 valued at $25,000 after buying an additional 121 shares during the last quarter. Northwest Investment Counselors LLC bought a new position in EOG Resources during the third quarter valued at approximately $26,000. Decker Retirement Planning Inc. acquired a new position in shares of EOG Resources during the 4th quarter worth $27,000. Finally, Eastern Bank acquired a new stake in shares of EOG Resources in the 3rd quarter valued at $28,000. 89.91% of the stock is owned by hedge funds and other institutional investors.

EOG Resources Trading Down 0.1 %

NYSE:EOG opened at $126.50 on Friday. 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 $71.15 billion, a PE ratio of 10.19, a price-to-earnings-growth ratio of 3.33 and a beta of 1.27. The business’s 50-day simple moving average is $127.93 and its 200-day simple moving average is $127.28. EOG Resources, Inc. has a fifty-two week low of $109.06 and a fifty-two week high of $139.67.

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

EOG Resources declared that its Board of Directors has authorized a stock buyback plan on Thursday, November 7th that authorizes the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization authorizes the energy exploration company to purchase up to 7% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Analysts Set New Price Targets

A number of brokerages recently weighed in on EOG. Bank of America reissued a “neutral” rating and issued a $144.00 price objective (down from $151.00) on shares of EOG Resources in a research note on Monday, January 13th. StockNews.com raised shares of EOG Resources from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Citigroup boosted their price objective on EOG Resources from $127.00 to $134.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 26th. Wells Fargo & Company upgraded EOG Resources from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $147.00 to $150.00 in a report on Tuesday, December 17th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $150.00 price target on shares of EOG Resources in a report on Monday, January 6th. Thirteen investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $143.90.

Insiders Place Their Bets

In related news, Director Janet F. Clark sold 568 shares of the firm’s stock in a transaction 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 completion of the transaction, the director now directly owns 43,532 shares of the company’s stock, 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 31st. The shares were 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 in the company, valued at $5,162,365.67. This represents a 8.56 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.20% 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.