NewEdge Wealth LLC Has $37.52 Million Stock Holdings in EOG Resources, Inc. $EOG

NewEdge Wealth LLC increased its position in shares of EOG Resources, Inc. (NYSE:EOG) by 40.5% during the third quarter, Holdings Channel reports. The fund owned 356,650 shares of the energy exploration company’s stock after acquiring an additional 102,727 shares during the quarter. NewEdge Wealth LLC’s holdings in EOG Resources were worth $37,516,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the stock. Caitong International Asset Management Co. Ltd lifted its holdings in shares of EOG Resources by 10,950.0% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 221 shares of the energy exploration company’s stock valued at $26,000 after buying an additional 219 shares during the last quarter. JCIC Asset Management Inc. bought a new position in EOG Resources in the 3rd quarter worth $32,000. Twin Peaks Wealth Advisors LLC bought a new stake in EOG Resources during the 2nd quarter valued at approximately $35,000. Salomon & Ludwin LLC grew its stake in shares of EOG Resources by 122.8% in the third quarter. Salomon & Ludwin LLC now owns 323 shares of the energy exploration company’s stock worth $36,000 after acquiring an additional 178 shares during the last quarter. Finally, Quent Capital LLC bought a new position in shares of EOG Resources during the 3rd quarter worth about $37,000. 89.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on EOG shares. Mizuho set a $134.00 price target on EOG Resources and gave the company a “neutral” rating in a research report on Friday, December 12th. The Goldman Sachs Group cut their target price on shares of EOG Resources from $125.00 to $123.00 and set a “neutral” rating on the stock in a research report on Thursday, January 22nd. Wolfe Research increased their target price on EOG Resources from $134.00 to $137.00 and gave the company an “outperform” rating in a research note on Monday, January 26th. Scotiabank set a $123.00 price target on shares of EOG Resources and gave the company a “sector perform” rating in a report on Friday, January 16th. Finally, Johnson Rice reduced their price target on shares of EOG Resources from $145.00 to $135.00 and set a “hold” rating for the company in a report on Friday, December 5th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, sixteen have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, EOG Resources currently has an average rating of “Hold” and a consensus target price of $134.30.

Insiders Place Their Bets

In other news, COO Jeffrey R. Leitzell sold 2,000 shares of the business’s stock in a transaction dated Wednesday, December 31st. The shares were sold at an average price of $105.68, for a total transaction of $211,360.00. Following the completion of the sale, the chief operating officer directly owned 54,979 shares of the company’s stock, valued at $5,810,180.72. The trade was a 3.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.13% of the company’s stock.

EOG Resources Stock Performance

NYSE:EOG opened at $122.47 on Thursday. The stock has a market cap of $66.45 billion, a P/E ratio of 12.20 and a beta of 0.49. The stock’s 50-day moving average is $108.68 and its 200-day moving average is $111.45. 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.

EOG Resources Company 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.