Ledyard National Bank Purchases 12,993 Shares of EOG Resources, Inc. (NYSE:EOG)

Ledyard National Bank increased its stake in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 90.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,318 shares of the energy exploration company's stock after acquiring an additional 12,993 shares during the quarter. Ledyard National Bank's holdings in EOG Resources were worth $3,349,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. DRW Securities LLC grew its holdings in EOG Resources by 98.6% in the 3rd quarter. DRW Securities LLC now owns 26,838 shares of the energy exploration company's stock worth $3,299,000 after acquiring an additional 13,324 shares during the last quarter. Caprock Group LLC increased its stake in shares of EOG Resources by 7.7% during the third quarter. Caprock Group LLC now owns 12,112 shares of the energy exploration company's stock valued at $1,489,000 after buying an additional 862 shares during the period. World Investment Advisors LLC purchased a new stake in EOG Resources in the third quarter worth $730,000. Oak Ridge Investments LLC increased its position in EOG Resources by 5.9% during the 4th quarter. Oak Ridge Investments LLC now owns 41,274 shares of the energy exploration company's stock valued at $5,059,000 after purchasing an additional 2,311 shares during the period. Finally, KBC Group NV boosted its stake in shares of EOG Resources by 11.4% during the 3rd quarter. KBC Group NV now owns 119,132 shares of the energy exploration company's stock valued at $14,645,000 after purchasing an additional 12,210 shares in the last quarter. Institutional investors own 89.91% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on EOG shares. Mizuho cut their price objective on EOG Resources from $156.00 to $148.00 and set an "outperform" rating on the stock in a research report on Monday, December 16th. Truist Financial lifted their price target on EOG Resources from $135.00 to $137.00 and gave the company a "hold" rating in a research report on Monday, January 13th. StockNews.com raised EOG Resources from a "hold" rating to a "buy" rating in a research report on Wednesday, January 22nd. Citigroup upped their target price on shares of EOG Resources from $127.00 to $134.00 and gave the stock a "neutral" rating in a research report on Tuesday, November 26th. Finally, Scotiabank lowered their price target on shares of EOG Resources from $150.00 to $140.00 and set a "sector perform" rating for the company in a research report on Thursday, October 10th. Thirteen analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned 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 target price of $143.90.

EOG Resources Stock Performance

NYSE EOG traded down $0.18 during trading hours on Friday, hitting $126.50. The company's stock had a trading volume of 2,006,139 shares, compared to its average volume of 2,961,206. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. The company has a market cap of $71.15 billion, a P/E ratio of 10.19, a price-to-earnings-growth ratio of 3.33 and a beta of 1.27. The company's 50 day simple moving average is $127.93 and its two-hundred day simple moving average is $127.28. EOG Resources, Inc. has a 12 month low of $109.06 and a 12 month high of $139.67.

EOG Resources (NYSE:EOG - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The energy exploration company reported $2.89 earnings per share for the quarter, beating the consensus estimate of $2.73 by $0.16. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The firm had revenue of $5.97 billion during the quarter, compared to analysts' expectations of $6.03 billion. During the same period in the previous year, the company earned $3.44 earnings per share. As a group, sell-side analysts expect that EOG Resources, Inc. will post 11.46 EPS for the current fiscal year.

EOG Resources declared that its Board of Directors has approved a share buyback 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 repurchase up to 7% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's board believes its shares are undervalued.

Insider Buying and Selling at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the company'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 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Janet F. Clark sold 568 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $135.33, for a total transaction of $76,867.44. Following the completion of the transaction, the director now owns 43,532 shares in the company, 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. Company insiders own 0.20% of the company's stock.

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.