Mondrian Investment Partners LTD Takes $610,000 Position in EOG Resources, Inc. $EOG

Mondrian Investment Partners LTD acquired a new position in shares of EOG Resources, Inc. (NYSE:EOG) in the third quarter, Holdings Channel reports. The institutional investor acquired 5,443 shares of the energy exploration company’s stock, valued at approximately $610,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd raised its holdings in 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 worth $26,000 after purchasing an additional 219 shares during the last quarter. JCIC Asset Management Inc. acquired a new stake in shares of EOG Resources during the third quarter worth $32,000. Twin Peaks Wealth Advisors LLC bought a new position in EOG Resources during the second quarter worth $35,000. Salomon & Ludwin LLC raised its stake 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 buying an additional 178 shares during the last quarter. Finally, Mountain Hill Investment Partners Corp. acquired a new position in EOG Resources in the third quarter valued at $37,000. 89.91% of the stock is currently owned by institutional investors.

EOG Resources Trading Up 2.5%

Shares of EOG Resources stock opened at $120.85 on Tuesday. The stock has a market capitalization of $65.57 billion, a PE ratio of 12.04 and a beta of 0.49. EOG Resources, Inc. has a 52 week low of $101.59 and a 52 week high of $135.87. The stock has a 50 day moving average price of $108.26 and a two-hundred day moving average price of $111.35. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.62.

Insider Transactions at EOG Resources

In other EOG Resources 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 transaction of $211,360.00. Following the transaction, the chief operating officer 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 transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on EOG. KeyCorp downgraded EOG Resources from an “overweight” rating to a “sector weight” rating in a report on Friday, January 16th. Citigroup reaffirmed a “neutral” rating and set a $115.00 target price (down previously from $125.00) on shares of EOG Resources in a research note on Wednesday, December 17th. Zacks Research lowered EOG Resources from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 20th. Sanford C. Bernstein restated a “market perform” rating and set a $126.00 price target (down from $144.00) on shares of EOG Resources in a report on Monday, January 5th. Finally, Piper Sandler set a $123.00 price objective on shares of EOG Resources and gave the company a “neutral” rating in a research note on Wednesday, January 28th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, sixteen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $134.30.

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.