MQS Management LLC Buys Shares of 7,474 EOG Resources, Inc. $EOG

MQS Management LLC acquired a new position in shares of EOG Resources, Inc. (NYSE:EOG) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 7,474 shares of the energy exploration company’s stock, valued at approximately $838,000. EOG Resources makes up approximately 0.5% of MQS Management LLC’s investment portfolio, making the stock its 22nd biggest holding.

Several other large investors have also recently bought and sold shares of EOG. S&CO Inc. boosted its position in EOG Resources by 4.2% during the 3rd quarter. S&CO Inc. now owns 7,405 shares of the energy exploration company’s stock worth $830,000 after buying an additional 300 shares during the period. Wesbanco Bank Inc. grew its stake in shares of EOG Resources by 5.9% in the third quarter. Wesbanco Bank Inc. now owns 123,996 shares of the energy exploration company’s stock worth $13,902,000 after purchasing an additional 6,961 shares during the last quarter. Midwest Trust Co raised its position in EOG Resources by 16.3% during the 3rd quarter. Midwest Trust Co now owns 2,672 shares of the energy exploration company’s stock worth $300,000 after purchasing an additional 374 shares during the last quarter. Rockland Trust Co. lifted its holdings in EOG Resources by 5.1% during the 3rd quarter. Rockland Trust Co. now owns 246,326 shares of the energy exploration company’s stock worth $27,618,000 after buying an additional 11,965 shares during the period. Finally, Johnson Investment Counsel Inc. grew its position in shares of EOG Resources by 12.8% in the 3rd quarter. Johnson Investment Counsel Inc. now owns 7,031 shares of the energy exploration company’s stock valued at $788,000 after buying an additional 798 shares during the last quarter. 89.91% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other EOG Resources news, COO Jeffrey R. Leitzell sold 2,000 shares of EOG Resources stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $105.68, for a total transaction of $211,360.00. Following the transaction, the chief operating officer directly owned 54,979 shares of the company’s stock, valued at $5,810,180.72. The trade was a 3.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.13% of the company’s stock.

EOG Resources Price Performance

EOG stock opened at $112.76 on Wednesday. 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 business has a 50-day simple moving average of $107.63 and a two-hundred day simple moving average of $111.41. The company has a market capitalization of $61.18 billion, a P/E ratio of 11.23 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.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. KeyCorp lowered EOG Resources from an “overweight” rating to a “sector weight” rating in a research note on Friday, January 16th. Scotiabank set a $123.00 price target on shares of EOG Resources and gave the stock a “sector perform” rating in a research report on Friday, January 16th. Wells Fargo & Company reiterated an “overweight” rating and set a $127.00 price objective (up from $126.00) on shares of EOG Resources in a research report on Tuesday, January 27th. Wolfe Research boosted their target price on shares of EOG Resources from $134.00 to $137.00 and gave the company an “outperform” rating in a report on Monday, January 26th. Finally, Zacks Research cut shares of EOG Resources from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 20th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, sixteen have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $134.07.

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.