EOG Resources, Inc. $EOG Stock Holdings Trimmed by Pekin Hardy Strauss Inc.

Pekin Hardy Strauss Inc. lowered its position in shares of EOG Resources, Inc. (NYSE:EOG) by 21.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,504 shares of the energy exploration company’s stock after selling 4,201 shares during the quarter. Pekin Hardy Strauss Inc.’s holdings in EOG Resources were worth $1,738,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in EOG. Caitong International Asset Management Co. Ltd raised its position in shares of 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 stake in EOG Resources during the third quarter valued at $32,000. Twin Peaks Wealth Advisors LLC bought a new stake in EOG Resources during the second quarter valued at $35,000. Salomon & Ludwin LLC raised its holdings 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 worth $36,000 after purchasing an additional 178 shares during the period. Finally, Mountain Hill Investment Partners Corp. bought a new position in shares of EOG Resources in the 3rd quarter worth about $37,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of EOG Resources in a research report on Thursday, January 22nd. Sanford C. Bernstein restated a “market perform” rating and issued a $126.00 target price (down from $144.00) on shares of EOG Resources in a research note on Monday, January 5th. Scotiabank set a $123.00 target price on EOG Resources and gave the company a “sector perform” rating in a report on Friday, January 16th. UBS Group reissued a “buy” rating and issued a $141.00 price target (down previously from $144.00) on shares of EOG Resources in a report on Friday, December 12th. Finally, The Goldman Sachs Group reduced their price objective on EOG Resources from $125.00 to $123.00 and set a “neutral” rating for the company in a research report on Thursday, January 22nd. One 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 company’s stock. According to data from MarketBeat.com, EOG Resources has an average rating of “Hold” and a consensus price target of $134.30.

EOG Resources Stock Performance

EOG opened at $122.95 on Friday. The company has a current ratio of 1.62, a quick ratio of 1.43 and a debt-to-equity ratio of 0.25. The business’s 50 day moving average is $109.27 and its 200-day moving average is $111.57. The stock has a market cap of $66.71 billion, a PE ratio of 12.25 and a beta of 0.49. EOG Resources, Inc. has a twelve month low of $101.59 and a twelve month high of $135.14.

Insiders Place Their Bets

In other EOG Resources news, COO Jeffrey R. Leitzell sold 2,000 shares of EOG Resources 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 $5,810,180.72. The trade was a 3.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.13% of the stock is owned by insiders.

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.