EOG Resources, Inc. $EOG Shares Bought by Wesbanco Bank Inc.

Wesbanco Bank Inc. lifted its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 5.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 123,996 shares of the energy exploration company’s stock after acquiring an additional 6,961 shares during the period. Wesbanco Bank Inc.’s holdings in EOG Resources were worth $13,902,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in EOG. Caitong International Asset Management Co. Ltd grew its holdings 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 worth $26,000 after buying an additional 219 shares in the last quarter. JCIC Asset Management Inc. acquired a new stake in EOG Resources during the third quarter worth approximately $32,000. Twin Peaks Wealth Advisors LLC purchased a new stake in EOG Resources in the 2nd quarter worth approximately $35,000. Salomon & Ludwin LLC raised its holdings in EOG Resources by 122.8% in the 3rd 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. Finally, Mountain Hill Investment Partners Corp. purchased a new position in shares of EOG Resources during the 3rd quarter worth $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 have recently commented on the company. KeyCorp downgraded EOG Resources from an “overweight” rating to a “sector weight” rating in a research report on Friday, January 16th. Johnson Rice lowered their price target on EOG Resources from $145.00 to $135.00 and set a “hold” rating for the company in a report on Friday, December 5th. Mizuho set a $134.00 price objective on shares of EOG Resources and gave the company a “neutral” rating in a research note on Friday, December 12th. Siebert Williams Shank decreased their target price on shares of EOG Resources from $155.00 to $145.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. Finally, Susquehanna lowered their target price on shares of EOG Resources from $161.00 to $151.00 and set a “positive” rating for the company in a report on Monday, January 26th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, sixteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $134.07.

Insider Activity at EOG Resources

In other 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 completion of the sale, the chief operating officer owned 54,979 shares of the company’s stock, valued at $5,810,180.72. This represents a 3.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

EOG Resources Stock Performance

NYSE:EOG opened at $113.93 on Tuesday. The firm’s fifty day simple moving average is $107.56 and its 200 day simple moving average is $111.45. 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 twelve month low of $101.59 and a twelve month high of $135.87. The firm has a market capitalization of $61.82 billion, a price-to-earnings ratio of 11.35 and a beta of 0.49.

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.