EOG Resources, Inc. $EOG Shares Sold by Shell Asset Management Co.

Shell Asset Management Co. trimmed its position in EOG Resources, Inc. (NYSE:EOG) by 84.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,287 shares of the energy exploration company’s stock after selling 28,324 shares during the period. Shell Asset Management Co.’s holdings in EOG Resources were worth $593,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sivia Capital Partners LLC bought a new position in EOG Resources during the second quarter valued at about $258,000. Mutual Advisors LLC lifted its holdings in EOG Resources by 6.5% in the 2nd quarter. Mutual Advisors LLC now owns 2,646 shares of the energy exploration company’s stock valued at $313,000 after acquiring an additional 161 shares during the last quarter. Private Trust Co. NA boosted its position in shares of EOG Resources by 7.7% during the 2nd quarter. Private Trust Co. NA now owns 1,969 shares of the energy exploration company’s stock valued at $235,000 after purchasing an additional 140 shares in the last quarter. Koshinski Asset Management Inc. boosted its position in shares of EOG Resources by 11.2% during the 2nd quarter. Koshinski Asset Management Inc. now owns 5,685 shares of the energy exploration company’s stock valued at $680,000 after purchasing an additional 574 shares in the last quarter. Finally, Quotient Wealth Partners LLC grew its stake in shares of EOG Resources by 9.7% in the 2nd quarter. Quotient Wealth Partners LLC now owns 2,287 shares of the energy exploration company’s stock worth $274,000 after purchasing an additional 202 shares during the last quarter. 89.91% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on EOG. Morgan Stanley set a $128.00 price target on shares of EOG Resources and gave the stock an “equal weight” rating in a research report on Friday, January 23rd. Jefferies Financial Group set a $140.00 price objective on EOG Resources in a research note on Wednesday, January 14th. Roth Mkm cut their target price on EOG Resources from $114.00 to $108.00 and set a “neutral” rating on the stock in a research report on Friday, January 23rd. Raymond James Financial upped their target price on EOG Resources from $153.00 to $157.00 and gave the company a “strong-buy” rating in a report on Friday. Finally, Sanford C. Bernstein reissued a “market perform” rating and issued a $126.00 price target (down previously from $144.00) on shares of EOG Resources in a research note on Monday, January 5th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, sixteen have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $134.30.

EOG Resources Trading Up 2.5%

NYSE EOG opened at $120.85 on Tuesday. The company has a current ratio of 1.62, a quick ratio of 1.43 and a debt-to-equity ratio of 0.25. EOG Resources, Inc. has a 1-year low of $101.59 and a 1-year high of $135.87. The firm’s fifty day simple moving average is $108.26 and its 200-day simple moving average is $111.35. The company has a market capitalization of $65.57 billion, a PE ratio of 12.04 and a beta of 0.49.

Insider Transactions at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 2,000 shares of the company’s stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $105.68, for a total value of $211,360.00. Following the completion of the sale, the chief operating officer directly owned 54,979 shares in the company, valued at approximately $5,810,180.72. This represents a 3.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.13% of the stock is owned by company insiders.

EOG Resources Profile

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.