EOG Resources, Inc. (NYSE:EOG) Position Reduced by Bradley Foster & Sargent Inc. CT

Bradley Foster & Sargent Inc. CT lowered its stake in EOG Resources, Inc. (NYSE:EOG) by 30.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 39,607 shares of the energy exploration company’s stock after selling 17,542 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in EOG Resources were worth $4,855,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Financial Life Planners acquired a new position in EOG Resources in the fourth quarter worth about $25,000. Y.D. More Investments Ltd raised its stake in EOG Resources by 149.4% during the fourth quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company’s stock valued at $25,000 after buying an additional 121 shares in the last quarter. Decker Retirement Planning Inc. bought a new position in EOG Resources during the 4th quarter worth approximately $27,000. Keystone Financial Group Inc. acquired a new position in shares of EOG Resources in the 4th quarter worth approximately $27,000. Finally, Eastern Bank bought a new stake in shares of EOG Resources in the 3rd quarter valued at approximately $28,000. Institutional investors own 89.91% of the company’s stock.

Insider Transactions at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $120.89, for a total transaction of $483,560.00. Following the transaction, the chief operating officer now owns 42,703 shares in the company, valued at $5,162,365.67. This trade represents a 8.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.30% of the company’s stock.

Analyst Upgrades and Downgrades

EOG has been the topic of several research analyst reports. Raymond James raised their price objective on EOG Resources from $167.00 to $175.00 and gave the stock a “strong-buy” rating in a research note on Thursday, January 23rd. StockNews.com lowered shares of EOG Resources from a “buy” rating to a “hold” rating in a report on Friday. Benchmark reaffirmed a “hold” rating on shares of EOG Resources in a research report on Monday, January 13th. 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, Royal Bank of Canada raised EOG Resources from a “sector perform” rating to an “outperform” rating and upped their target price for the company from $150.00 to $155.00 in a report on Wednesday, February 12th. Thirteen analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, EOG Resources has an average rating of “Hold” and a consensus price target of $144.14.

EOG Resources Stock Performance

EOG stock opened at $133.10 on Friday. The company has a 50-day simple moving average of $128.36 and a 200 day simple moving average of $127.71. The company has a market capitalization of $74.86 billion, a P/E ratio of 10.72, a PEG ratio of 3.55 and a beta of 1.27. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. EOG Resources, Inc. has a fifty-two week low of $109.06 and a fifty-two week high of $139.67.

EOG Resources declared that its Board of Directors has initiated a share repurchase plan on Thursday, November 7th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the energy exploration company to purchase up to 7% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its stock is 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.