Madison Asset Management LLC Sells 4,304 Shares of EOG Resources, Inc. $EOG

Madison Asset Management LLC reduced its stake in EOG Resources, Inc. (NYSE:EOG) by 3.7% in the third quarter, Holdings Channel.com reports. The institutional investor owned 110,540 shares of the energy exploration company’s stock after selling 4,304 shares during the period. Madison Asset Management LLC’s holdings in EOG Resources were worth $12,394,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of EOG. Caitong International Asset Management Co. Ltd raised 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 worth $26,000 after acquiring an additional 219 shares in the last quarter. JCIC Asset Management Inc. bought a new position in shares of EOG Resources in the 3rd quarter worth about $32,000. Twin Peaks Wealth Advisors LLC bought a new position in shares of EOG Resources during the second quarter valued at approximately $35,000. Salomon & Ludwin LLC increased its position in EOG Resources by 122.8% during the 3rd quarter. Salomon & Ludwin LLC now owns 323 shares of the energy exploration company’s stock valued at $36,000 after buying an additional 178 shares in the last quarter. Finally, Mountain Hill Investment Partners Corp. bought a new position in shares of EOG Resources during the third quarter valued at $37,000. 89.91% of the stock is owned by institutional investors.

EOG Resources Stock Up 4.9%

Shares of NYSE:EOG opened at $118.17 on Thursday. 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 business’s 50 day moving average is $107.77 and its 200 day moving average is $111.46. The stock has a market cap of $64.12 billion, a P/E ratio of 11.77 and a beta of 0.49.

Insider Buying and Selling

In related news, COO Jeffrey R. Leitzell sold 2,000 shares of the business’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 owned 54,979 shares in the company, valued at $5,810,180.72. The trade was a 3.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on EOG shares. Jefferies Financial Group set a $140.00 price target on EOG Resources in a report on Wednesday, January 14th. The Goldman Sachs Group reduced their price target on shares of EOG Resources from $125.00 to $123.00 and set a “neutral” rating for the company in a research report on Thursday, January 22nd. Mizuho set a $134.00 target price on EOG Resources and gave the stock a “neutral” rating in a report on Friday, December 12th. Citigroup restated 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. Finally, Zacks Research downgraded EOG Resources from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 20th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, sixteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $134.07.

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.