EOG Resources, Inc. $EOG Shares Sold by Meridian Wealth Management LLC

Meridian Wealth Management LLC trimmed its holdings in EOG Resources, Inc. (NYSE:EOG) by 94.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,823 shares of the energy exploration company’s stock after selling 30,400 shares during the quarter. Meridian Wealth Management LLC’s holdings in EOG Resources were worth $204,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in EOG. First Trust Advisors LP raised its holdings in shares of EOG Resources by 64.1% during the 2nd quarter. First Trust Advisors LP now owns 3,728,128 shares of the energy exploration company’s stock worth $445,921,000 after acquiring an additional 1,456,928 shares during the period. Prudential Financial Inc. increased its position in EOG Resources by 282.3% during the second quarter. Prudential Financial Inc. now owns 1,546,058 shares of the energy exploration company’s stock worth $184,924,000 after purchasing an additional 1,141,680 shares during the last quarter. Jupiter Asset Management Ltd. increased its position in EOG Resources by 122.6% during the second quarter. Jupiter Asset Management Ltd. now owns 907,231 shares of the energy exploration company’s stock worth $108,514,000 after purchasing an additional 499,610 shares during the last quarter. Invesco Ltd. raised its stake in EOG Resources by 7.0% during the second quarter. Invesco Ltd. now owns 4,494,503 shares of the energy exploration company’s stock worth $537,588,000 after purchasing an additional 294,641 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in EOG Resources in the 2nd quarter valued at about $33,874,000. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 2,000 shares of the business’s stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $105.68, for a total value 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.13% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of EOG Resources in a research report on Thursday, January 22nd. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $153.00 price target on shares of EOG Resources in a research note on Wednesday, December 3rd. Wolfe Research raised their price objective on EOG Resources from $134.00 to $137.00 and gave the stock an “outperform” rating in a research report on Monday, January 26th. Mizuho set a $134.00 price objective on shares of EOG Resources and gave the company a “neutral” rating in a report on Friday, December 12th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and set a $126.00 target price (down previously from $144.00) on shares of EOG Resources in a research note on Monday, January 5th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, sixteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $134.07.

EOG Resources Stock Up 3.8%

Shares of NYSE:EOG opened at $114.59 on Thursday. The firm has a market capitalization of $62.18 billion, a PE ratio of 11.41 and a beta of 0.49. EOG Resources, Inc. has a 1 year low of $101.59 and a 1 year high of $135.87. 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 is $107.22 and its two-hundred day moving average is $111.59.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share for the quarter, beating analysts’ consensus estimates 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 previous year, the business posted $2.89 earnings per share. The business’s quarterly revenue was down 2.0% compared to the same quarter last year. Analysts predict that EOG Resources, Inc. will post 11.47 EPS for the current year.

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.