Leo Wealth LLC Invests $567,000 in EOG Resources, Inc. (NYSE:EOG)

Leo Wealth LLC bought a new position in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,628 shares of the energy exploration company's stock, valued at approximately $567,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Financial Life Planners acquired a new stake in EOG Resources during the fourth quarter valued at $25,000. Y.D. More Investments Ltd boosted its stake 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 in the last quarter. Northwest Investment Counselors LLC purchased a new position in shares of EOG Resources in the 3rd quarter valued at about $26,000. Decker Retirement Planning Inc. acquired a new position in EOG Resources in the 4th quarter worth about $27,000. Finally, Eastern Bank purchased a new position in EOG Resources during the third quarter worth approximately $28,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

EOG Resources Trading Up 1.3 %

EOG Resources stock traded up $1.76 during midday trading on Tuesday, reaching $132.32. 2,381,330 shares of the stock traded hands, compared to its average volume of 2,930,908. The firm has a market cap 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. EOG Resources, Inc. has a 12-month low of $109.06 and a 12-month high of $139.67. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. The company has a 50-day simple moving average of $127.78 and a two-hundred day simple moving average of $127.34.

EOG Resources declared that its Board of Directors has approved a share buyback program on Thursday, November 7th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the energy exploration company to purchase up to 7% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's board believes its stock is undervalued.

Insider Activity at EOG Resources

In other EOG Resources 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 value of $483,560.00. Following the completion of 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 position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Janet F. Clark sold 568 shares of the company's stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $135.33, for a total value of $76,867.44. Following the sale, the director now directly owns 43,532 shares in the company, valued at $5,891,185.56. This represents a 1.29 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.30% of the company's stock.

Analyst Upgrades and Downgrades

EOG has been the subject of a number of recent analyst reports. Piper Sandler boosted their price objective on EOG Resources from $140.00 to $141.00 and gave the company a "neutral" rating in a research report on Wednesday, January 29th. Mizuho cut their price target on shares of EOG Resources from $156.00 to $148.00 and set an "outperform" rating for the company in a report on Monday, December 16th. StockNews.com raised shares of EOG Resources from a "hold" rating to a "buy" rating in a report on Wednesday, January 22nd. Royal Bank of Canada reissued a "sector perform" rating and set a $150.00 target price on shares of EOG Resources in a research note on Monday, January 6th. Finally, Bank of America reaffirmed a "neutral" rating and issued a $144.00 price target (down from $151.00) on shares of EOG Resources in a research note on Monday, January 13th. Thirteen research 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. Based on data from MarketBeat.com, EOG Resources currently has a consensus rating of "Hold" and an average price target of $143.90.

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.