BI Asset Management Fondsmaeglerselskab A S Has $7.38 Million Holdings in EOG Resources, Inc. $EOG

BI Asset Management Fondsmaeglerselskab A S boosted its position in shares of EOG Resources, Inc. (NYSE:EOG) by 21.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 65,820 shares of the energy exploration company’s stock after buying an additional 11,442 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in EOG Resources were worth $7,380,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in EOG. Caitong International Asset Management Co. Ltd lifted its stake in 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 worth $26,000 after purchasing an additional 219 shares during the last quarter. JCIC Asset Management Inc. acquired a new position in shares of EOG Resources during the 3rd quarter worth $32,000. Keener Financial Planning LLC bought a new stake in shares of EOG Resources during the 2nd quarter worth $35,000. Twin Peaks Wealth Advisors LLC acquired a new stake in EOG Resources in the second quarter valued at about $35,000. Finally, Salomon & Ludwin LLC grew its position in EOG Resources by 122.8% in the third quarter. Salomon & Ludwin LLC now owns 323 shares of the energy exploration company’s stock valued at $36,000 after acquiring an additional 178 shares during the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other EOG Resources news, COO Jeffrey R. Leitzell sold 2,000 shares of the company’s stock in a transaction dated Wednesday, December 31st. The stock was sold at an average price of $105.68, for a total value of $211,360.00. Following the sale, the chief operating officer owned 54,979 shares in the company, valued at approximately $5,810,180.72. The trade was a 3.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. UBS Group restated a “buy” rating and issued a $141.00 price target (down from $144.00) on shares of EOG Resources in a research note on Friday, December 12th. The Goldman Sachs Group lowered their price objective on shares of EOG Resources from $125.00 to $123.00 and set a “neutral” rating for the company in a research report on Thursday, January 22nd. Jefferies Financial Group set a $140.00 target price on shares of EOG Resources in a research report on Wednesday, January 14th. Scotiabank set a $123.00 target price on shares of EOG Resources and gave the stock a “sector perform” rating in a research note on Friday, January 16th. Finally, Raymond James Financial reiterated a “strong-buy” rating and set a $153.00 price target on shares of EOG Resources in a report on Wednesday, December 3rd. One research 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 given a Sell rating to the company. According to data from MarketBeat, EOG Resources presently has an average rating of “Hold” and a consensus target price of $134.07.

EOG Resources Trading Up 1.2%

Shares of NYSE EOG opened at $113.81 on Friday. The firm has a 50 day moving average price of $107.47 and a two-hundred day moving average price of $111.58. The stock has a market cap of $61.75 billion, a P/E ratio of 11.34 and a beta of 0.49. EOG Resources, Inc. has a 52-week low of $101.59 and a 52-week high of $135.87. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.62.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data 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. The company had revenue of $5.85 billion for the quarter, compared to analysts’ expectations of $5.48 billion. EOG Resources had a net margin of 24.49% and a return on equity of 19.80%. EOG Resources’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.89 earnings per share. As a group, equities analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current year.

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.