Alberta Investment Management Corp Increases Stock Position in EOG Resources, Inc. $EOG

Alberta Investment Management Corp boosted its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 254.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,500 shares of the energy exploration company’s stock after buying an additional 14,000 shares during the quarter. Alberta Investment Management Corp’s holdings in EOG Resources were worth $2,186,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Syon Capital LLC raised its holdings in EOG Resources by 3.3% in the third quarter. Syon Capital LLC now owns 5,679 shares of the energy exploration company’s stock worth $637,000 after purchasing an additional 181 shares in the last quarter. Waycross Partners LLC grew its position in shares of EOG Resources by 2.3% in the 3rd quarter. Waycross Partners LLC now owns 132,179 shares of the energy exploration company’s stock worth $14,820,000 after buying an additional 2,935 shares during the last quarter. First National Bank of Omaha bought a new position in shares of EOG Resources during the 3rd quarter worth approximately $10,463,000. Axxcess Wealth Management LLC lifted its position in EOG Resources by 7.9% during the third quarter. Axxcess Wealth Management LLC now owns 21,666 shares of the energy exploration company’s stock valued at $2,429,000 after acquiring an additional 1,584 shares during the last quarter. Finally, Marble Harbor Investment Counsel LLC lifted its position in EOG Resources by 2.1% during the third quarter. Marble Harbor Investment Counsel LLC now owns 108,444 shares of the energy exploration company’s stock valued at $12,159,000 after acquiring an additional 2,271 shares during the last quarter. Institutional investors own 89.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on EOG shares. Piper Sandler set a $123.00 target price on EOG Resources and gave the stock a “neutral” rating in a research note on Wednesday, January 28th. Wells Fargo & Company restated an “overweight” rating and set a $127.00 price target (up previously from $126.00) on shares of EOG Resources in a research note on Tuesday, January 27th. Royal Bank Of Canada set a $138.00 target price on shares of EOG Resources and gave the stock an “outperform” rating in a research note on Tuesday, January 13th. Barclays cut their price target on shares of 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. Finally, Susquehanna lowered their price objective on shares of EOG Resources from $161.00 to $151.00 and set a “positive” rating for the company in a research note on Monday, January 26th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, sixteen have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, EOG Resources has an average rating of “Hold” and an average target price of $134.30.

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 sale, the chief operating officer 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.13% of the company’s stock.

EOG Resources Stock Performance

EOG opened at $123.94 on Friday. The firm has a fifty day moving average price of $108.97 and a 200 day moving average price of $111.53. EOG Resources, Inc. has a 1 year low of $101.59 and a 1 year high of $135.87. The stock has a market cap of $67.25 billion, a P/E ratio of 12.34 and a beta of 0.49. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.62 and a quick ratio of 1.43.

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.