Rockland Trust Co. Buys 11,965 Shares of EOG Resources, Inc. $EOG

Rockland Trust Co. raised its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 5.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 246,326 shares of the energy exploration company’s stock after purchasing an additional 11,965 shares during the period. EOG Resources accounts for about 1.1% of Rockland Trust Co.’s investment portfolio, making the stock its 25th biggest holding. Rockland Trust Co.’s holdings in EOG Resources were worth $27,618,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of EOG. Caitong International Asset Management Co. Ltd raised its stake in 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 worth $26,000 after acquiring an additional 219 shares during the period. JCIC Asset Management Inc. purchased a new stake in EOG Resources in the 3rd quarter worth $32,000. Twin Peaks Wealth Advisors LLC bought a new stake in EOG Resources during the second quarter valued at about $35,000. Salomon & Ludwin LLC lifted its position in shares of 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 in the last quarter. Finally, Mountain Hill Investment Partners Corp. bought a new position in shares of EOG Resources in the third quarter worth about $37,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Analyst Ratings Changes

EOG has been the topic of several recent analyst reports. Barclays decreased their target price on EOG Resources from $136.00 to $133.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of EOG Resources in a research report on Thursday, January 22nd. JPMorgan Chase & Co. lowered their target price on shares of EOG Resources from $121.00 to $115.00 and set a “neutral” rating on the stock in a report on Friday, January 23rd. Scotiabank set a $123.00 target price on shares of EOG Resources and gave the company a “sector perform” rating in a research note on Friday, January 16th. Finally, Wells Fargo & Company reiterated an “overweight” rating and issued a $127.00 price target (up from $126.00) on shares of EOG Resources in a report on Tuesday, January 27th. One research 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 issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $134.07.

Insiders Place Their Bets

In other EOG Resources news, COO Jeffrey R. Leitzell sold 2,000 shares of the company’s stock in a transaction that occurred 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 directly owned 54,979 shares in the company, valued at $5,810,180.72. This represents a 3.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.13% of the stock is owned by insiders.

EOG Resources Price Performance

EOG stock opened at $113.93 on Tuesday. EOG Resources, Inc. has a 52 week low of $101.59 and a 52 week high of $135.87. The firm has a market capitalization of $61.82 billion, a P/E ratio of 11.35 and a beta of 0.49. The company has a fifty day simple moving average of $107.56 and a two-hundred day simple moving average of $111.45. The company has a quick ratio of 1.43, a current ratio of 1.62 and a debt-to-equity ratio of 0.25.

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.