Indiana Trust & Investment Management Co Has $33,000 Stock Holdings in EOG Resources, Inc. (NYSE:EOG)

Indiana Trust & Investment Management Co cut its holdings in EOG Resources, Inc. (NYSE:EOG) by 28.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 267 shares of the energy exploration company’s stock after selling 105 shares during the period. Indiana Trust & Investment Management Co’s holdings in EOG Resources were worth $33,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EOG. Brookstone Capital Management bought a new position in EOG Resources in the 3rd quarter valued at approximately $217,000. Valeo Financial Advisors LLC boosted its holdings in shares of EOG Resources by 9.5% in the 3rd quarter. Valeo Financial Advisors LLC now owns 4,231 shares of the energy exploration company’s stock worth $520,000 after buying an additional 368 shares during the last quarter. Ritholtz Wealth Management grew its holdings in EOG Resources by 3.6% during the third quarter. Ritholtz Wealth Management now owns 4,220 shares of the energy exploration company’s stock valued at $519,000 after purchasing an additional 147 shares during the period. Exchange Traded Concepts LLC bought a new position in EOG Resources during the third quarter worth about $834,000. Finally, CHICAGO TRUST Co NA grew its position in shares of EOG Resources by 5.4% in the third quarter. CHICAGO TRUST Co NA now owns 1,863 shares of the energy exploration company’s stock valued at $229,000 after purchasing an additional 96 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. KeyCorp lowered their price objective on shares of EOG Resources from $157.00 to $150.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $150.00 price objective on shares of EOG Resources in a research report on Monday, January 6th. Mizuho reduced their price objective on EOG Resources from $156.00 to $148.00 and set an “outperform” rating for the company in a research report on Monday, December 16th. Piper Sandler upped their price target on EOG Resources from $140.00 to $141.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Finally, Wells Fargo & Company upgraded EOG Resources from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $147.00 to $150.00 in a research note on Tuesday, December 17th. Thirteen research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $143.90.

EOG Resources Stock Up 1.3 %

Shares of NYSE:EOG opened at $132.32 on Wednesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. The company’s fifty day moving average is $127.78 and its two-hundred day moving average is $127.34. The stock has a market capitalization of $74.42 billion, a price-to-earnings ratio of 10.65, a price-to-earnings-growth ratio of 3.36 and a beta of 1.27. EOG Resources, Inc. has a 1-year low of $109.06 and a 1-year high of $139.67.

EOG Resources announced that its Board of Directors has initiated a stock repurchase program 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 buy up to 7% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Insider Buying and Selling

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the company’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 completion of the sale, the chief operating officer now directly owns 42,703 shares of the company’s stock, valued at approximately $5,162,365.67. This represents a 8.56 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Janet F. Clark sold 568 shares of the business’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $135.33, for a total value of $76,867.44. Following the sale, the director now directly owns 43,532 shares in the company, valued at $5,891,185.56. This trade represents a 1.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.30% of the company’s stock.

EOG Resources Company 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.