Lake Street Private Wealth LLC Grows Stock Position in EOG Resources, Inc. $EOG

Lake Street Private Wealth LLC boosted its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 78.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,862 shares of the energy exploration company’s stock after acquiring an additional 17,066 shares during the quarter. Lake Street Private Wealth LLC’s holdings in EOG Resources were worth $4,357,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the stock. Caitong International Asset Management Co. Ltd boosted its stake in shares of EOG Resources by 10,950.0% during the second quarter. Caitong International Asset Management Co. Ltd now owns 221 shares of the energy exploration company’s stock valued at $26,000 after purchasing an additional 219 shares during the period. JCIC Asset Management Inc. purchased a new position in shares of EOG Resources in the third quarter worth $32,000. Twin Peaks Wealth Advisors LLC bought a new stake in EOG Resources during the 2nd quarter valued at $35,000. Salomon & Ludwin LLC boosted 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 during the period. Finally, Mountain Hill Investment Partners Corp. bought a new stake in EOG Resources in the 3rd quarter worth $37,000. 89.91% of the stock is owned by hedge funds and other institutional investors.

EOG Resources Stock Down 0.5%

NYSE:EOG opened at $122.47 on Tuesday. 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 firm’s 50-day moving average price is $109.60 and its 200-day moving average price is $111.54. The company has a market capitalization of $66.45 billion, a PE ratio of 12.20 and a beta of 0.49. EOG Resources, Inc. has a 1-year low of $101.59 and a 1-year high of $134.49.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on EOG shares. Jefferies Financial Group set a $140.00 price objective on shares of EOG Resources in a research note on Wednesday, January 14th. Scotiabank set a $123.00 price target on EOG Resources and gave the company a “sector perform” rating in a report on Friday, January 16th. Barclays dropped their price objective on EOG Resources from $136.00 to $133.00 and set an “equal weight” rating for the company in a report on Wednesday, January 21st. Mizuho set a $134.00 target price on EOG Resources and gave the company a “neutral” rating in a research note on Friday, December 12th. Finally, JPMorgan Chase & Co. decreased their target price on EOG Resources from $121.00 to $115.00 and set a “neutral” rating for the company in a report on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, sixteen have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $134.30.

Insiders Place Their Bets

In other EOG Resources news, COO Jeffrey R. Leitzell sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $125.00, for a total transaction of $250,000.00. Following the completion of the transaction, the chief operating officer owned 61,481 shares of the company’s stock, valued at approximately $7,685,125. This trade represents a 3.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.13% of the company’s stock.

EOG Resources Company 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.