Apollon Wealth Management LLC Purchases 711 Shares of EOG Resources, Inc. (NYSE:EOG)

Apollon Wealth Management LLC raised its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 2.8% during the fourth quarter, Holdings Channel reports. The fund owned 26,065 shares of the energy exploration company’s stock after buying an additional 711 shares during the period. Apollon Wealth Management LLC’s holdings in EOG Resources were worth $3,195,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Franklin Resources Inc. lifted its stake in shares of EOG Resources by 64.7% in the 3rd quarter. Franklin Resources Inc. now owns 5,284,228 shares of the energy exploration company’s stock valued at $694,717,000 after acquiring an additional 2,076,134 shares during the last quarter. Fisher Asset Management LLC increased its stake in EOG Resources by 856.7% in the 3rd quarter. Fisher Asset Management LLC now owns 1,200,851 shares of the energy exploration company’s stock worth $147,621,000 after purchasing an additional 1,075,334 shares during the period. Assenagon Asset Management S.A. lifted its position in EOG Resources by 577.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 696,596 shares of the energy exploration company’s stock valued at $85,389,000 after purchasing an additional 593,823 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of EOG Resources by 42.8% during the third quarter. Victory Capital Management Inc. now owns 1,113,429 shares of the energy exploration company’s stock valued at $136,874,000 after purchasing an additional 333,947 shares during the period. Finally, Bridgewater Associates LP grew its holdings in shares of EOG Resources by 1,003.6% in the third quarter. Bridgewater Associates LP now owns 343,160 shares of the energy exploration company’s stock worth $42,185,000 after purchasing an additional 312,064 shares during the last quarter. 89.91% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

EOG has been the subject of a number of recent analyst reports. Benchmark reiterated a “hold” rating on shares of EOG Resources in a report on Monday, January 13th. KeyCorp dropped their target price on shares of EOG Resources from $157.00 to $150.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. Raymond James raised their target price 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. Wells Fargo & Company raised EOG Resources from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $147.00 to $150.00 in a research report on Tuesday, December 17th. Finally, StockNews.com upgraded EOG Resources from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Thirteen equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $143.90.

EOG Resources Price Performance

EOG stock opened at $126.50 on Monday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. The firm has a market capitalization of $71.15 billion, a price-to-earnings ratio of 10.19, a PEG ratio of 3.36 and a beta of 1.27. The firm has a 50 day moving average price of $127.80 and a 200-day moving average price of $127.29. EOG Resources, Inc. has a 52-week low of $109.06 and a 52-week high of $139.67.

EOG Resources (NYSE:EOG) last released its earnings results on Thursday, November 7th. The energy exploration company reported $2.89 EPS for the quarter, topping the consensus estimate of $2.73 by $0.16. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. The business had revenue of $5.97 billion for the quarter, compared to the consensus estimate of $6.03 billion. During the same period in the previous year, the company posted $3.44 earnings per share. Equities research analysts forecast that EOG Resources, Inc. will post 11.46 EPS for the current fiscal year.

EOG Resources declared that its board has authorized a stock buyback program on Thursday, November 7th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the energy exploration company to buy up to 7% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Insider Transactions at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $5,162,365.67. This trade represents a 8.56 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Janet F. Clark sold 568 shares of the company’s 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 approximately $5,891,185.56. This represents a 1.29 % decrease in their position. The disclosure for this sale can be found here. 0.30% of the stock is 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.