Rhumbline Advisers Has $115.09 Million Stock Position in EOG Resources, Inc. $EOG

Rhumbline Advisers lessened its stake in EOG Resources, Inc. (NYSE:EOG) by 4.0% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 1,026,500 shares of the energy exploration company’s stock after selling 42,623 shares during the quarter. Rhumbline Advisers’ holdings in EOG Resources were worth $115,091,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in EOG. Caitong International Asset Management Co. Ltd grew its position in shares of EOG Resources by 10,950.0% in 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 acquiring an additional 219 shares during the period. JCIC Asset Management Inc. bought a new stake in shares of EOG Resources in the 3rd quarter valued at about $32,000. Twin Peaks Wealth Advisors LLC acquired a new stake in EOG Resources in the 2nd quarter valued at about $35,000. Salomon & Ludwin LLC grew its holdings in EOG Resources by 122.8% during the third quarter. Salomon & Ludwin LLC now owns 323 shares of the energy exploration company’s stock worth $36,000 after purchasing an additional 178 shares during the period. Finally, Mountain Hill Investment Partners Corp. acquired a new position in EOG Resources during the third quarter worth approximately $37,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Wolfe Research raised their price objective on EOG Resources from $134.00 to $137.00 and gave the company an “outperform” rating in a research report on Monday, January 26th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $126.00 price objective (down from $144.00) on shares of EOG Resources in a research report on Monday, January 5th. Johnson Rice dropped their price objective on shares of EOG Resources from $145.00 to $135.00 and set a “hold” rating on the stock in a research report on Friday, December 5th. Wells Fargo & Company reiterated an “overweight” rating and issued a $127.00 price target (up previously from $126.00) on shares of EOG Resources in a research note on Tuesday, January 27th. Finally, Zacks Research downgraded shares of EOG Resources from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 20th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, sixteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $134.07.

EOG Resources Stock Performance

Shares of NYSE:EOG opened at $118.17 on Thursday. The company’s 50 day moving average price is $107.77 and its two-hundred day moving average price is $111.46. EOG Resources, Inc. has a 12-month low of $101.59 and a 12-month high of $135.87. The company has a quick ratio of 1.43, a current ratio of 1.62 and a debt-to-equity ratio of 0.25. The firm has a market cap of $64.12 billion, a PE ratio of 11.77 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 that occurred on 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 transaction, the chief operating officer directly owned 54,979 shares in the company, valued at $5,810,180.72. This represents a 3.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

About EOG Resources

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.