Vanguard Group Inc. Boosts Stock Holdings in EOG Resources, Inc. $EOG

Vanguard Group Inc. increased its position in EOG Resources, Inc. (NYSE:EOG) by 0.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,369,215 shares of the energy exploration company’s stock after buying an additional 94,203 shares during the period. Vanguard Group Inc. owned 9.77% of EOG Resources worth $5,983,756,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cullen Capital Management LLC increased its holdings in EOG Resources by 4.7% during the 2nd quarter. Cullen Capital Management LLC now owns 576,470 shares of the energy exploration company’s stock worth $68,952,000 after purchasing an additional 25,753 shares during the period. Rockland Trust Co. increased its stake in shares of EOG Resources by 5.1% during the third quarter. Rockland Trust Co. now owns 246,326 shares of the energy exploration company’s stock valued at $27,618,000 after buying an additional 11,965 shares during the period. Railway Pension Investments Ltd raised its holdings in shares of EOG Resources by 6.9% in the second quarter. Railway Pension Investments Ltd now owns 449,100 shares of the energy exploration company’s stock valued at $53,717,000 after acquiring an additional 28,800 shares in the last quarter. AlphaQuest LLC lifted its stake in EOG Resources by 1,413.5% in the third quarter. AlphaQuest LLC now owns 25,533 shares of the energy exploration company’s stock worth $2,863,000 after acquiring an additional 23,846 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S grew its holdings in EOG Resources by 21.0% during the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 65,820 shares of the energy exploration company’s stock worth $7,380,000 after acquiring an additional 11,442 shares in the last quarter. 89.91% of the stock is owned by institutional investors.

EOG Resources Stock Up 2.5%

EOG 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 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 50 day moving average of $108.26 and a 200 day moving average of $111.35.

Insider Transactions at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 2,000 shares of EOG Resources stock in a transaction dated Wednesday, December 31st. The stock was 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 owned 54,979 shares of the company’s stock, valued at approximately $5,810,180.72. The trade was a 3.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.13% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on EOG shares. Stephens boosted their price target on shares of EOG Resources from $138.00 to $139.00 and gave the company an “equal weight” rating in a report on Thursday, February 12th. Scotiabank set a $123.00 price objective on shares of EOG Resources and gave the stock a “sector perform” rating in a research note on Friday, January 16th. Wells Fargo & Company restated an “overweight” rating and set a $127.00 target price (up previously from $126.00) on shares of EOG Resources in a report on Tuesday, January 27th. Roth Mkm cut their price target on EOG Resources from $114.00 to $108.00 and set a “neutral” rating on the stock in a report on Friday, January 23rd. Finally, Zacks Research cut EOG Resources from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 20th. One 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’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $134.30.

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.