Fifth Third Bancorp Sells 6,648 Shares of EOG Resources, Inc. $EOG

Fifth Third Bancorp lessened its position in EOG Resources, Inc. (NYSE:EOG) by 2.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 223,136 shares of the energy exploration company’s stock after selling 6,648 shares during the period. Fifth Third Bancorp’s holdings in EOG Resources were worth $25,018,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd increased its holdings in shares of EOG Resources by 10,950.0% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 221 shares of the energy exploration company’s stock worth $26,000 after purchasing an additional 219 shares in the last quarter. JCIC Asset Management Inc. bought a new position in shares of EOG Resources during the third quarter valued at $32,000. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of EOG Resources during the second quarter valued at $35,000. Salomon & Ludwin LLC increased 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 worth $36,000 after buying an additional 178 shares in the last quarter. Finally, Mountain Hill Investment Partners Corp. purchased a new position in EOG Resources in the 3rd quarter worth about $37,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Insider Activity at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 2,000 shares of the business’s stock in a transaction that occurred 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 sale, the chief operating officer owned 54,979 shares of the company’s stock, valued at approximately $5,810,180.72. The trade was a 3.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.13% of the company’s stock.

EOG Resources Stock Up 2.5%

Shares of NYSE:EOG opened at $120.85 on Tuesday. The business’s 50 day moving average is $108.26 and its 200 day moving average is $111.35. The stock has a market cap of $65.57 billion, a P/E ratio of 12.04 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. The company has a quick ratio of 1.43, a current ratio of 1.62 and a debt-to-equity ratio of 0.25.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on EOG shares. Scotiabank set a $123.00 price target on shares of EOG Resources and gave the company a “sector perform” rating in a report on Friday, January 16th. Raymond James Financial boosted their price target on EOG Resources from $153.00 to $157.00 and gave the company a “strong-buy” rating in a report on Friday. Citigroup restated a “neutral” rating and set a $115.00 target price (down previously from $125.00) on shares of EOG Resources in a research note on Wednesday, December 17th. BMO Capital Markets decreased their target price on EOG Resources from $126.00 to $120.00 and set an “outperform” rating on the stock in a research note on Monday, January 12th. Finally, JPMorgan Chase & Co. dropped 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. 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 issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $134.30.

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.