Olympiad Research LP Cuts Holdings in EOG Resources, Inc. (NYSE:EOG)

Olympiad Research LP reduced its position in EOG Resources, Inc. (NYSE:EOG) by 32.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,473 shares of the energy exploration company’s stock after selling 1,214 shares during the quarter. Olympiad Research LP’s holdings in EOG Resources were worth $303,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in EOG. Insight Inv LLC increased its holdings in EOG Resources by 0.8% in the 3rd quarter. Insight Inv LLC now owns 9,385 shares of the energy exploration company’s stock valued at $1,154,000 after purchasing an additional 75 shares in the last quarter. Essex Financial Services Inc. increased its holdings in EOG Resources by 1.3% in the 4th quarter. Essex Financial Services Inc. now owns 6,145 shares of the energy exploration company’s stock valued at $753,000 after purchasing an additional 79 shares in the last quarter. Valmark Advisers Inc. increased its holdings in EOG Resources by 2.6% in the 4th quarter. Valmark Advisers Inc. now owns 3,140 shares of the energy exploration company’s stock valued at $385,000 after purchasing an additional 79 shares in the last quarter. Deseret Mutual Benefit Administrators increased its holdings in EOG Resources by 8.8% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 989 shares of the energy exploration company’s stock valued at $121,000 after purchasing an additional 80 shares in the last quarter. Finally, Rosenberg Matthew Hamilton increased its holdings in EOG Resources by 3.0% in the 4th quarter. Rosenberg Matthew Hamilton now owns 2,921 shares of the energy exploration company’s stock valued at $358,000 after purchasing an additional 84 shares in the last quarter. 89.91% of the stock is owned by hedge funds and other institutional investors.

EOG Resources Stock Down 1.9 %

NYSE:EOG opened at $133.10 on Friday. The company has a market capitalization of $74.86 billion, a price-to-earnings ratio of 10.72, a price-to-earnings-growth ratio of 3.58 and a beta of 1.27. EOG Resources, Inc. has a one year low of $109.06 and a one year high of $139.67. The stock has a 50-day simple moving average of $128.36 and a 200 day simple moving average of $127.75. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31.

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

Insiders Place Their Bets

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the firm’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 transaction, the chief operating officer now owns 42,703 shares of the company’s stock, valued at $5,162,365.67. This trade represents a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.30% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on EOG shares. Raymond James increased their price target on EOG Resources from $167.00 to $175.00 and gave the company a “strong-buy” rating in a report on Thursday, January 23rd. Piper Sandler increased their price target on EOG Resources from $140.00 to $141.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Wolfe Research upgraded EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 price target for the company in a report on Friday, January 3rd. Benchmark restated a “hold” rating on shares of EOG Resources in a research note on Monday, January 13th. Finally, Wells Fargo & Company upgraded EOG Resources from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $147.00 to $150.00 in a research note on Tuesday, December 17th. Thirteen equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, EOG Resources presently has a consensus rating of “Hold” 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.