EOG Resources, Inc. (NYSE:EOG) Shares Sold by US Bancorp DE

US Bancorp DE reduced its position in shares of EOG Resources, Inc. (NYSE:EOG) by 3.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 250,173 shares of the energy exploration company’s stock after selling 8,005 shares during the period. US Bancorp DE’s holdings in EOG Resources were worth $30,754,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. UniSuper Management Pty Ltd grew its stake in EOG Resources by 228.4% in the 1st quarter. UniSuper Management Pty Ltd now owns 15,626 shares of the energy exploration company’s stock worth $1,998,000 after acquiring an additional 10,868 shares during the period. Bryn Mawr Capital Management LLC acquired a new position in EOG Resources in the first quarter valued at $1,217,000. University of Texas Texas AM Investment Management Co. lifted its position in EOG Resources by 3,976.8% during the second quarter. University of Texas Texas AM Investment Management Co. now owns 10,885 shares of the energy exploration company’s stock worth $1,370,000 after buying an additional 10,618 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in EOG Resources by 23.3% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 25,102 shares of the energy exploration company’s stock worth $3,209,000 after buying an additional 4,749 shares during the last quarter. Finally, Sequoia Financial Advisors LLC grew its holdings in EOG Resources by 44.2% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 10,603 shares of the energy exploration company’s stock valued at $1,303,000 after buying an additional 3,251 shares during the period. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Wolfe Research started coverage on shares of EOG Resources in a report on Thursday, July 18th. They set a “peer perform” rating on the stock. UBS Group lowered their price objective on shares of EOG Resources from $167.00 to $154.00 and set a “buy” rating for the company in a research note on Wednesday, September 18th. Truist Financial dropped their price objective on EOG Resources from $130.00 to $115.00 and set a “hold” rating for the company in a report on Monday, September 30th. Barclays lowered their price target on EOG Resources from $144.00 to $137.00 and set an “equal weight” rating for the company in a research report on Thursday, October 3rd. Finally, Morgan Stanley cut their price objective on EOG Resources from $134.00 to $132.00 and set an “equal weight” rating on the stock in a report on Monday, September 16th. Fourteen investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, EOG Resources currently has a consensus rating of “Hold” and an average price target of $141.20.

Insiders Place Their Bets

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $126.48, for a total transaction of $505,920.00. Following the transaction, the chief operating officer now owns 35,058 shares of the company’s stock, valued at approximately $4,434,135.84. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $126.48, for a total transaction of $505,920.00. Following the sale, the chief operating officer now owns 35,058 shares in the company, valued at $4,434,135.84. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Charles R. Crisp sold 6,500 shares of EOG Resources stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $125.60, for a total value of $816,400.00. Following the completion of the transaction, the director now owns 60,892 shares of the company’s stock, valued at approximately $7,648,035.20. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,537 shares of company stock valued at $2,751,612 in the last ninety days. Corporate insiders own 0.30% of the company’s stock.

EOG Resources Trading Down 0.9 %

Shares of EOG opened at $120.84 on Friday. EOG Resources, Inc. has a one year low of $108.94 and a one year high of $139.67. The stock has a 50-day moving average price of $125.46 and a 200 day moving average price of $126.30. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.89 and a current ratio of 2.12. The company has a market capitalization of $68.71 billion, a P/E ratio of 9.33, a P/E/G ratio of 3.17 and a beta of 1.28.

EOG Resources (NYSE:EOG) last released its earnings results on Thursday, August 1st. The energy exploration company reported $3.16 EPS for the quarter, beating the consensus estimate of $2.98 by $0.18. The company had revenue of $6.03 billion during the quarter, compared to analysts’ expectations of $6.07 billion. EOG Resources had a return on equity of 25.42% and a net margin of 30.33%. The business’s revenue was up 8.1% on a year-over-year basis. During the same period in the prior year, the business posted $2.49 EPS. Sell-side analysts forecast that EOG Resources, Inc. will post 11.59 EPS for the current fiscal year.

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.