AXQ Capital LP Makes New $1.60 Million Investment in EOG Resources, Inc. $EOG

AXQ Capital LP acquired a new position in shares of EOG Resources, Inc. (NYSE:EOG) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 14,270 shares of the energy exploration company’s stock, valued at approximately $1,600,000. EOG Resources comprises approximately 0.6% of AXQ Capital LP’s portfolio, making the stock its 10th biggest holding.

A number of other hedge funds have also bought and sold shares of the company. Caitong International Asset Management Co. Ltd boosted its stake in EOG Resources by 10,950.0% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 221 shares of the energy exploration company’s stock valued at $26,000 after purchasing an additional 219 shares during the last quarter. JCIC Asset Management Inc. bought a new position in shares of EOG Resources during the third quarter valued at about $32,000. Twin Peaks Wealth Advisors LLC bought a new position in shares of EOG Resources during the second quarter valued at about $35,000. Salomon & Ludwin LLC boosted its holdings in EOG Resources by 122.8% during the third quarter. Salomon & Ludwin LLC now owns 323 shares of the energy exploration company’s stock worth $36,000 after purchasing an additional 178 shares during the last quarter. Finally, Mountain Hill Investment Partners Corp. bought a new stake in EOG Resources in the 3rd quarter worth about $37,000. Institutional investors own 89.91% of the company’s stock.

Insider Transactions at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 2,000 shares of the stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $125.00, for a total transaction of $250,000.00. Following the sale, the chief operating officer owned 61,481 shares in the company, valued at $7,685,125. This represents a 3.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.13% of the stock is owned by insiders.

EOG Resources Price Performance

Shares of NYSE:EOG opened at $122.47 on Tuesday. The firm has a market capitalization of $66.45 billion, a PE ratio of 12.20 and a beta of 0.49. The company has a quick ratio of 1.43, a current ratio of 1.62 and a debt-to-equity ratio of 0.25. The company has a 50-day moving average price of $109.60 and a two-hundred day moving average price of $111.54. EOG Resources, Inc. has a twelve month low of $101.59 and a twelve month high of $134.49.

Analyst Ratings Changes

Several research firms have commented on EOG. Jefferies Financial Group set a $140.00 target price on shares of EOG Resources in a research report on Wednesday, January 14th. Mizuho set a $134.00 price target on EOG Resources and gave the stock a “neutral” rating in a report on Friday, December 12th. Scotiabank set a $123.00 price objective on EOG Resources and gave the stock a “sector perform” rating in a research report on Friday, January 16th. KeyCorp downgraded EOG Resources from an “overweight” rating to a “sector weight” rating in a research note on Friday, January 16th. Finally, Stephens lifted their target price on EOG Resources from $138.00 to $139.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, sixteen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $134.30.

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.