Plato Investment Management Ltd Grows Stock Position in EOG Resources, Inc. $EOG

Plato Investment Management Ltd boosted its position in shares of EOG Resources, Inc. (NYSE:EOG) by 23.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,748 shares of the energy exploration company’s stock after buying an additional 8,292 shares during the quarter. Plato Investment Management Ltd’s holdings in EOG Resources were worth $4,868,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of EOG. Smartleaf Asset Management LLC raised its stake in shares of EOG Resources by 49.7% in the third quarter. Smartleaf Asset Management LLC now owns 5,667 shares of the energy exploration company’s stock valued at $642,000 after acquiring an additional 1,881 shares during the period. Alps Advisors Inc. grew its holdings in EOG Resources by 8.2% during the 3rd quarter. Alps Advisors Inc. now owns 12,133 shares of the energy exploration company’s stock valued at $1,360,000 after purchasing an additional 917 shares during the last quarter. RBA Wealth Management LLC raised its position in EOG Resources by 0.8% in the 3rd quarter. RBA Wealth Management LLC now owns 21,801 shares of the energy exploration company’s stock worth $2,444,000 after purchasing an additional 166 shares during the period. Renasant Bank boosted its position in shares of EOG Resources by 11.0% during the third quarter. Renasant Bank now owns 10,078 shares of the energy exploration company’s stock valued at $1,130,000 after buying an additional 999 shares during the period. Finally, ABN AMRO Bank N.V. bought a new position in shares of EOG Resources during the third quarter valued at approximately $278,000. Institutional investors own 89.91% of the company’s stock.

Insiders Place Their Bets

In other EOG Resources news, COO Jeffrey R. Leitzell sold 2,000 shares of the stock in a transaction on Wednesday, December 31st. The stock was sold at an average price of $105.68, for a total transaction of $211,360.00. Following the sale, the chief operating officer owned 54,979 shares of the company’s stock, valued at approximately $5,810,180.72. This trade represents a 3.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

EOG Resources Stock Up 1.2%

Shares of EOG Resources stock opened at $113.81 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.62 and a quick ratio of 1.43. The stock has a market cap of $61.75 billion, a price-to-earnings ratio of 11.34 and a beta of 0.49. The firm’s 50-day moving average is $107.47 and its two-hundred day moving average is $111.54. EOG Resources, Inc. has a 1 year low of $101.59 and a 1 year high of $135.87.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share for the quarter, topping the consensus estimate of $2.42 by $0.29. EOG Resources had a net margin of 24.49% and a return on equity of 19.80%. The firm had revenue of $5.85 billion during the quarter, compared to analysts’ expectations of $5.48 billion. During the same quarter in the prior year, the company earned $2.89 EPS. The company’s revenue was down 2.0% compared to the same quarter last year. As a group, research analysts expect that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on EOG shares. Mizuho set a $134.00 price target on EOG Resources and gave the stock a “neutral” rating in a research note on Friday, December 12th. Wells Fargo & Company reiterated an “overweight” rating and set a $127.00 target price (up from $126.00) on shares of EOG Resources in a research report on Tuesday, January 27th. Roth Mkm cut their price target on shares of EOG Resources from $114.00 to $108.00 and set a “neutral” rating on the stock in a report on Friday, January 23rd. Piper Sandler set a $123.00 price objective on shares of EOG Resources and gave the company a “neutral” rating in a report on Wednesday, January 28th. Finally, Zacks Research cut 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 given a Buy rating, sixteen have assigned a Hold rating and one has given 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 target price 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.