Lincluden Management Ltd. Has $4.19 Million Stock Holdings in EOG Resources, Inc. (NYSE:EOG)

Lincluden Management Ltd. reduced its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 0.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 34,184 shares of the energy exploration company’s stock after selling 213 shares during the quarter. Lincluden Management Ltd.’s holdings in EOG Resources were worth $4,190,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Financial Life Planners acquired a new stake in EOG Resources during the fourth quarter worth about $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 worth $25,000 after acquiring an additional 121 shares during the period. Decker Retirement Planning Inc. acquired a new stake in shares of EOG Resources during the 4th quarter worth approximately $27,000. Keystone Financial Group Inc. bought a new position in EOG Resources in the fourth quarter valued at approximately $27,000. Finally, Capital Performance Advisors LLP acquired a new position in EOG Resources during the third quarter valued at approximately $31,000. Institutional investors own 89.91% of the company’s stock.

Insider Buying and Selling

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $120.89, for a total transaction of $483,560.00. Following the completion of the sale, the chief operating officer now directly owns 42,703 shares in the company, 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 is accessible through this link. 0.30% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

EOG has been the topic of a number of research analyst reports. Piper Sandler raised their target price on EOG Resources from $140.00 to $141.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Citigroup raised their price objective on EOG Resources from $127.00 to $134.00 and gave the company a “neutral” rating in a research note on Tuesday, November 26th. Wolfe Research upgraded EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 target price on the stock in a research report on Friday, January 3rd. Bank of America reissued 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, Mizuho dropped their price objective on shares of EOG Resources from $156.00 to $148.00 and set an “outperform” rating for the company in a research note on Monday, December 16th. Twelve 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’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $144.85.

EOG Resources Stock Up 0.3 %

Shares of NYSE EOG opened at $133.50 on Tuesday. The company’s 50 day moving average price is $128.53 and its 200-day moving average price is $127.83. 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, Inc. has a 52-week low of $111.13 and a 52-week high of $139.67. The company has a market capitalization of $75.08 billion, a P/E ratio of 10.75, a price-to-earnings-growth ratio of 3.58 and a beta of 1.27.

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

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.