Candriam S.C.A. Has $4.54 Million Holdings in EOG Resources, Inc. $EOG

Candriam S.C.A. raised its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 50.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,532 shares of the energy exploration company’s stock after acquiring an additional 13,598 shares during the quarter. Candriam S.C.A.’s holdings in EOG Resources were worth $4,544,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the stock. Caitong International Asset Management Co. Ltd grew its position in EOG Resources by 10,950.0% during the second 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 in the last quarter. JCIC Asset Management Inc. acquired a new stake in shares of EOG Resources during the 3rd quarter valued at $32,000. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of EOG Resources during the 2nd quarter valued at $35,000. Salomon & Ludwin LLC grew its holdings in shares of EOG Resources by 122.8% during the 3rd quarter. Salomon & Ludwin LLC now owns 323 shares of the energy exploration company’s stock valued at $36,000 after acquiring an additional 178 shares in the last quarter. Finally, Mountain Hill Investment Partners Corp. acquired a new position in shares of EOG Resources in the third quarter worth $37,000. 89.91% of the stock is owned by hedge funds and other institutional investors.

EOG Resources Price Performance

Shares of EOG Resources stock opened at $118.17 on Thursday. 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 firm has a fifty day simple moving average of $107.77 and a 200-day simple moving average of $111.46. The stock has a market capitalization of $64.12 billion, a price-to-earnings ratio of 11.77 and a beta of 0.49. EOG Resources, Inc. has a 1-year low of $101.59 and a 1-year high of $135.87.

Insider Transactions at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, December 31st. The stock was sold at an average price of $105.68, for a total value of $211,360.00. Following the sale, the chief operating officer directly 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.13% of the stock is owned by company insiders.

Analysts Set New Price Targets

EOG has been the topic of a number of recent research reports. Royal Bank Of Canada set a $138.00 target price on EOG Resources and gave the company an “outperform” rating in a research note on Tuesday, January 13th. Wolfe Research boosted their price target on EOG Resources from $134.00 to $137.00 and gave the company an “outperform” rating in a research note on Monday, January 26th. Scotiabank set a $123.00 price objective on EOG Resources and gave the stock a “sector perform” rating in a report on Friday, January 16th. Barclays cut their price objective on shares of EOG Resources from $136.00 to $133.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 21st. Finally, UBS Group reissued a “buy” rating and issued a $141.00 target price (down from $144.00) on shares of EOG Resources in a research report on Friday, December 12th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, sixteen have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target 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.