MONECO Advisors LLC Buys 209 Shares of EOG Resources, Inc. (NYSE:EOG)

MONECO Advisors LLC raised its stake in EOG Resources, Inc. (NYSE:EOG) by 12.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,884 shares of the energy exploration company’s stock after buying an additional 209 shares during the period. MONECO Advisors LLC’s holdings in EOG Resources were worth $231,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in EOG. International Assets Investment Management LLC purchased a new stake in shares of EOG Resources in the 3rd quarter valued at $32,860,000. Allworth Financial LP boosted its stake in shares of EOG Resources by 2.2% in the 3rd quarter. Allworth Financial LP now owns 7,585 shares of the energy exploration company’s stock valued at $932,000 after purchasing an additional 163 shares in the last quarter. PFG Investments LLC boosted its stake in shares of EOG Resources by 77.5% in the 3rd quarter. PFG Investments LLC now owns 4,660 shares of the energy exploration company’s stock valued at $573,000 after purchasing an additional 2,034 shares in the last quarter. Semanteon Capital Management LP purchased a new stake in shares of EOG Resources in the 3rd quarter valued at $205,000. Finally, Nisa Investment Advisors LLC boosted its stake in shares of EOG Resources by 3.6% in the 3rd quarter. Nisa Investment Advisors LLC now owns 184,754 shares of the energy exploration company’s stock valued at $22,712,000 after purchasing an additional 6,416 shares in the last quarter. Institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Down 1.8 %

Shares of EOG Resources stock opened at $131.23 on Wednesday. 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 company has a 50-day moving average of $128.69 and a 200 day moving average of $127.86. The firm has a market cap of $73.81 billion, a price-to-earnings ratio of 10.57, a PEG ratio of 3.58 and a beta of 1.27. EOG Resources, Inc. has a 1 year low of $111.13 and a 1 year high of $139.67.

EOG Resources declared that its Board of Directors has initiated a stock buyback program on Thursday, November 7th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the energy exploration company to repurchase up to 7% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

EOG has been the subject of a number of research reports. Truist Financial upped their price objective on shares of EOG Resources from $135.00 to $137.00 and gave the company a “hold” rating in a research note on Monday, January 13th. Raymond James increased their price target on shares of EOG Resources from $167.00 to $175.00 and gave the company a “strong-buy” rating in a research report on Thursday, January 23rd. Piper Sandler increased their price target on shares of EOG Resources from $140.00 to $141.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Benchmark reissued a “hold” rating on shares of EOG Resources in a research report on Monday, January 13th. Finally, Royal Bank of Canada raised shares of EOG Resources from a “sector perform” rating to an “outperform” rating and increased their price target for the company from $150.00 to $155.00 in a research report on Wednesday, February 12th. Twelve equities 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. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $144.85.

Insider Buying and Selling

In related news, COO Jeffrey R. Leitzell sold 4,000 shares of the 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 completion of the transaction, the chief operating officer now directly owns 42,703 shares in the company, valued at $5,162,365.67. This trade represents a 8.56 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.30% of the stock is owned by company insiders.

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.