Cibc World Market Inc. Reduces Holdings in EOG Resources, Inc. $EOG

Cibc World Market Inc. decreased its position in EOG Resources, Inc. (NYSE:EOG) by 7.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 208,431 shares of the energy exploration company’s stock after selling 17,274 shares during the quarter. Cibc World Market Inc.’s holdings in EOG Resources were worth $23,369,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Hemington Wealth Management boosted its position in shares of EOG Resources by 7.2% during the third quarter. Hemington Wealth Management now owns 1,383 shares of the energy exploration company’s stock valued at $155,000 after purchasing an additional 93 shares in the last quarter. apricus wealth LLC grew its holdings 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 buying an additional 95 shares during the last quarter. Sowell Financial Services LLC increased its holdings in shares of EOG Resources by 1.6% in the 3rd quarter. Sowell Financial Services LLC now owns 6,234 shares of the energy exploration company’s stock worth $699,000 after purchasing an additional 96 shares in the last quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych raised its position in EOG Resources by 7.1% in the 2nd quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 1,500 shares of the energy exploration company’s stock worth $179,000 after buying an additional 100 shares during the last quarter. Finally, Jackson Hole Capital Partners LLC raised its holdings in shares of EOG Resources by 3.7% during the second quarter. Jackson Hole Capital Partners LLC now owns 2,803 shares of the energy exploration company’s stock valued at $335,000 after purchasing an additional 101 shares during the last quarter. Institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Up 4.9%

Shares of EOG opened at $118.17 on Thursday. EOG Resources, Inc. has a 12-month low of $101.59 and a 12-month high of $135.87. The business’s 50 day moving average is $107.77 and its 200 day moving average is $111.46. The company has a current ratio of 1.62, a quick ratio of 1.43 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $64.12 billion, a PE ratio of 11.77 and a beta of 0.49.

Insider Buying and Selling

In related news, COO Jeffrey R. Leitzell sold 2,000 shares of the stock in a transaction dated Wednesday, December 31st. The shares were 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 of the company’s stock, valued at approximately $5,810,180.72. This trade represents a 3.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.13% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on EOG. Weiss Ratings reaffirmed a “hold (c)” rating on shares of EOG Resources in a research report on Thursday, January 22nd. Royal Bank Of Canada set a $138.00 target price on shares of EOG Resources and gave the company an “outperform” rating in a report on Tuesday, January 13th. 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 reissued an “overweight” rating and set a $127.00 price objective (up previously from $126.00) on shares of EOG Resources in a research report on Tuesday, January 27th. Finally, Sanford C. Bernstein restated a “market perform” rating and issued a $126.00 price objective (down from $144.00) on shares of EOG Resources in a research note on Monday, January 5th. 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 given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $134.07.

About EOG Resources

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.