L. Roy Papp & Associates LLP Sells 6,236 Shares of EOG Resources, Inc. (NYSE:EOG)

L. Roy Papp & Associates LLP lessened its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 3.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 186,806 shares of the energy exploration company’s stock after selling 6,236 shares during the period. EOG Resources comprises 2.7% of L. Roy Papp & Associates LLP’s holdings, making the stock its 11th largest holding. L. Roy Papp & Associates LLP’s holdings in EOG Resources were worth $22,899,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in EOG. Brookstone Capital Management acquired a new position in shares of EOG Resources in the 3rd quarter valued at approximately $217,000. Valeo Financial Advisors LLC increased its stake in EOG Resources by 9.5% in the third quarter. Valeo Financial Advisors LLC now owns 4,231 shares of the energy exploration company’s stock valued at $520,000 after acquiring an additional 368 shares during the last quarter. Ritholtz Wealth Management raised its position 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 in the last quarter. Exchange Traded Concepts LLC bought a new stake in EOG Resources during the third quarter worth $834,000. Finally, CHICAGO TRUST Co NA boosted its holdings in shares of EOG Resources by 5.4% in the 3rd 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. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Stock Performance

Shares of EOG stock opened at $132.32 on Wednesday. EOG Resources, Inc. has a 12 month low of $109.06 and a 12 month high of $139.67. The firm has a market capitalization of $74.42 billion, a PE ratio of 10.65, a price-to-earnings-growth ratio of 3.36 and a beta of 1.27. The firm has a fifty day simple moving average of $127.78 and a two-hundred day simple moving average of $127.34. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13.

EOG Resources announced that its board has approved a share buyback program 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 purchase up to 7% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

EOG has been the subject of a number of research analyst reports. Benchmark reissued a “hold” rating on shares of EOG Resources in a report on Monday, January 13th. Truist Financial boosted their target price on EOG Resources from $135.00 to $137.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. Piper Sandler raised their price target on shares of EOG Resources from $140.00 to $141.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. KeyCorp lowered their price objective on shares of EOG Resources from $157.00 to $150.00 and set an “overweight” rating for the company in a research report on Wednesday, October 16th. Finally, Raymond James increased their price objective on shares of EOG Resources from $167.00 to $175.00 and gave the company a “strong-buy” rating in a research note on Thursday, January 23rd. Thirteen analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, EOG Resources currently has an average rating of “Hold” and an average target price of $143.90.

Insider Transactions at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 4,000 shares of the company’s stock in a transaction on 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 owns 42,703 shares in the company, valued at approximately $5,162,365.67. This represents a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Janet F. Clark sold 568 shares of the 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 sale, the director now directly owns 43,532 shares of the company’s stock, valued at $5,891,185.56. The trade was a 1.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by insiders.

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.