iA Global Asset Management Inc. Has $10.49 Million Holdings in EOG Resources, Inc. (NYSE:EOG)

iA Global Asset Management Inc. raised its stake in EOG Resources, Inc. (NYSE:EOG) by 13.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 82,063 shares of the energy exploration company’s stock after acquiring an additional 9,948 shares during the quarter. iA Global Asset Management Inc.’s holdings in EOG Resources were worth $10,491,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in EOG. Sachetta LLC bought a new position in shares of EOG Resources in the 4th quarter valued at about $33,000. Keener Financial Planning LLC bought a new position in shares of EOG Resources in the 4th quarter valued at about $36,000. Norwood Financial Corp bought a new position in EOG Resources during the 1st quarter worth approximately $37,000. LifeSteps Financial Inc. bought a new position in EOG Resources during the 1st quarter worth approximately $38,000. Finally, GoalVest Advisory LLC lifted its stake in EOG Resources by 135.4% in the first quarter. GoalVest Advisory LLC now owns 306 shares of the energy exploration company’s stock valued at $39,000 after buying an additional 176 shares in the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on EOG. Royal Bank of Canada restated a “sector perform” rating and set a $147.00 target price on shares of EOG Resources in a report on Wednesday, July 10th. Scotiabank lowered their target price on shares of EOG Resources from $155.00 to $150.00 and set a “sector perform” rating on the stock in a report on Friday, July 12th. Citigroup upped their price objective on shares of EOG Resources from $124.00 to $130.00 and gave the company a “neutral” rating in a report on Friday, May 24th. Mizuho upped their price objective on shares of EOG Resources from $140.00 to $156.00 and gave the company a “buy” rating in a report on Monday, May 13th. Finally, Truist Financial decreased their price objective on shares of EOG Resources from $136.00 to $130.00 and set a “hold” rating on the stock in a report on Monday, July 22nd. Fifteen investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $143.20.

Insider Activity

In other news, President Lloyd W. Helms, Jr. sold 1,296 shares of the firm’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $130.27, for a total transaction of $168,829.92. Following the completion of the sale, the president now directly owns 161,109 shares of the company’s stock, valued at approximately $20,987,669.43. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, President Lloyd W. Helms, Jr. sold 1,296 shares of the company’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $130.27, for a total transaction of $168,829.92. Following the sale, the president now directly owns 161,109 shares in the company, valued at $20,987,669.43. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Ezra Y. Yacob sold 4,729 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $129.31, for a total transaction of $611,506.99. Following the completion of the transaction, the chief executive officer now owns 150,474 shares of the company’s stock, valued at $19,457,792.94. The disclosure for this sale can be found here. Insiders sold a total of 16,512 shares of company stock valued at $2,144,972 in the last ninety days. 0.30% of the stock is currently owned by insiders.

EOG Resources Stock Down 2.9 %

Shares of EOG traded down $3.74 during trading hours on Thursday, reaching $123.06. The stock had a trading volume of 3,083,384 shares, compared to its average volume of 3,176,165. EOG Resources, Inc. has a 12 month low of $108.94 and a 12 month high of $139.67. The firm has a 50-day simple moving average of $124.60 and a 200 day simple moving average of $123.56. The company has a current ratio of 2.32, a quick ratio of 2.05 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $70.72 billion, a price-to-earnings ratio of 9.70, a P/E/G ratio of 2.21 and a beta of 1.30.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Thursday, May 2nd. The energy exploration company reported $2.82 earnings per share for the quarter, beating the consensus estimate of $2.70 by $0.12. EOG Resources had a return on equity of 24.83% and a net margin of 30.33%. The business had revenue of $6.12 billion for the quarter, compared to analysts’ expectations of $5.91 billion. During the same period last year, the business earned $2.69 EPS. The business’s revenue was up 1.3% on a year-over-year basis. Equities research analysts predict that EOG Resources, Inc. will post 12.13 earnings per share for the current fiscal year.

About EOG Resources

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.