EOG Resources, Inc. $EOG Shares Sold by Heartland Advisors Inc.

Heartland Advisors Inc. lowered its position in EOG Resources, Inc. (NYSE:EOG) by 5.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 145,707 shares of the energy exploration company’s stock after selling 8,884 shares during the quarter. Heartland Advisors Inc.’s holdings in EOG Resources were worth $16,337,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Caitong International Asset Management Co. Ltd raised its stake 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 valued at $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 third quarter worth $32,000. Twin Peaks Wealth Advisors LLC acquired a new position in shares of EOG Resources during the second quarter valued at $35,000. Salomon & Ludwin LLC raised its stake in shares of EOG Resources by 122.8% during the third quarter. Salomon & Ludwin LLC now owns 323 shares of the energy exploration company’s stock valued at $36,000 after purchasing an additional 178 shares in the last quarter. Finally, Mountain Hill Investment Partners Corp. acquired a new stake in EOG Resources in the third quarter worth about $37,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 2,000 shares of the company’s stock in a transaction dated 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 $5,810,180.72. This represents a 3.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

EOG has been the topic of a number of recent analyst reports. Susquehanna dropped their price target on shares of EOG Resources from $161.00 to $151.00 and set a “positive” rating on the stock in a research report on Monday, January 26th. Zacks Research cut EOG Resources from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 20th. Raymond James Financial upped their target price on EOG Resources from $153.00 to $157.00 and gave the stock a “strong-buy” rating in a research report on Friday. Johnson Rice lowered their price target on EOG Resources from $145.00 to $135.00 and set a “hold” rating on the stock in a research report on Friday, December 5th. Finally, Roth Mkm cut their price objective on EOG Resources from $114.00 to $108.00 and set a “neutral” rating for the company in a report on Friday, January 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, sixteen have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $134.30.

EOG Resources Stock Performance

NYSE:EOG opened at $120.85 on Tuesday. The stock has a market capitalization of $65.57 billion, a P/E ratio of 12.04 and a beta of 0.49. The company has a current ratio of 1.62, a quick ratio of 1.43 and a debt-to-equity ratio of 0.25. EOG Resources, Inc. has a 1 year low of $101.59 and a 1 year high of $135.87. The firm has a 50 day moving average of $108.26 and a 200-day moving average of $111.35.

EOG Resources 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.