ABC Arbitrage SA Takes Position in EOG Resources, Inc. $EOG

ABC Arbitrage SA acquired a new position in EOG Resources, Inc. (NYSE:EOG) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 27,117 shares of the energy exploration company’s stock, valued at approximately $3,040,000.

Several other institutional investors have also added to or reduced their stakes in the company. Hemington Wealth Management grew its position in EOG Resources by 7.2% in the 3rd quarter. Hemington Wealth Management now owns 1,383 shares of the energy exploration company’s stock valued at $155,000 after acquiring an additional 93 shares during the last quarter. apricus wealth LLC boosted its stake in shares of EOG Resources by 5.0% during the third quarter. apricus wealth LLC now owns 2,002 shares of the energy exploration company’s stock valued at $224,000 after purchasing an additional 95 shares during the period. Sowell Financial Services LLC boosted its stake in shares of EOG Resources by 1.6% during the third quarter. Sowell Financial Services LLC now owns 6,234 shares of the energy exploration company’s stock valued at $699,000 after purchasing an additional 96 shares during the period. Generali Investments Towarzystwo Funduszy Inwestycyjnych grew its holdings in shares of EOG Resources by 7.1% in the second quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 1,500 shares of the energy exploration company’s stock worth $179,000 after purchasing an additional 100 shares during the last quarter. Finally, Jackson Hole Capital Partners LLC grew its holdings in shares of EOG Resources by 3.7% in the second quarter. Jackson Hole Capital Partners LLC now owns 2,803 shares of the energy exploration company’s stock worth $335,000 after purchasing an additional 101 shares during the last quarter. Institutional investors own 89.91% of the company’s stock.

Insider Buying and Selling at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 2,000 shares of EOG Resources 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 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.13% of the company’s stock.

EOG Resources Price Performance

Shares of EOG stock opened at $112.76 on Wednesday. EOG Resources, Inc. has a fifty-two week low of $101.59 and a fifty-two 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. The firm has a market capitalization of $61.18 billion, a price-to-earnings ratio of 11.23 and a beta of 0.49. The stock’s 50-day simple moving average is $107.63 and its 200-day simple moving average is $111.41.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. decreased their price objective on shares of EOG Resources from $121.00 to $115.00 and set a “neutral” rating for the company in a report on Friday, January 23rd. UBS Group reaffirmed a “buy” rating and set a $141.00 price target (down previously from $144.00) on shares of EOG Resources in a research note on Friday, December 12th. Susquehanna dropped their price objective on EOG Resources from $161.00 to $151.00 and set a “positive” rating on the stock in a research note on Monday, January 26th. Raymond James Financial restated a “strong-buy” rating and set a $153.00 price objective on shares of EOG Resources in a report on Wednesday, December 3rd. Finally, Roth Mkm lowered their target price on EOG Resources from $114.00 to $108.00 and set a “neutral” rating for the company in a report on Friday, January 23rd. One investment 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 presently has a consensus rating of “Hold” and an average price target of $134.07.

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.