Caprock Group LLC Takes $3.90 Million Position in EOG Resources, Inc. $EOG

Caprock Group LLC acquired a new stake in shares of EOG Resources, Inc. (NYSE:EOG) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 34,780 shares of the energy exploration company’s stock, valued at approximately $3,900,000.

Several other institutional investors have also bought and sold shares of the stock. ING Groep NV acquired a new position in EOG Resources during the 3rd quarter valued at about $2,532,000. Advisors Asset Management Inc. lifted its stake in shares of EOG Resources by 12.5% in the 3rd quarter. Advisors Asset Management Inc. now owns 33,641 shares of the energy exploration company’s stock worth $3,772,000 after acquiring an additional 3,749 shares during the period. ABC Arbitrage SA bought a new position in shares of EOG Resources in the third quarter valued at approximately $3,040,000. Stratos Wealth Partners LTD. increased its stake in shares of EOG Resources by 3.2% during the third quarter. Stratos Wealth Partners LTD. now owns 31,537 shares of the energy exploration company’s stock valued at $3,536,000 after acquiring an additional 966 shares during the period. Finally, MQS Management LLC bought a new stake in EOG Resources during the third quarter worth approximately $838,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Citigroup restated a “neutral” rating and issued a $115.00 target price (down from $125.00) on shares of EOG Resources in a research report on Wednesday, December 17th. Wolfe Research boosted their price objective on EOG Resources from $134.00 to $137.00 and gave the stock an “outperform” rating in a research note on Monday, January 26th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $127.00 target price (up previously from $126.00) on shares of EOG Resources in a research note on Tuesday, January 27th. Scotiabank set a $123.00 target price on EOG Resources and gave the stock a “sector perform” rating in a report on Friday, January 16th. Finally, KeyCorp cut shares of EOG Resources from an “overweight” rating to a “sector weight” rating in a research report on Friday, January 16th. 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 issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $134.07.

Insider Activity at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 2,000 shares of EOG Resources stock in a transaction on Wednesday, December 31st. The stock was sold at an average price of $105.68, for a total transaction of $211,360.00. Following the transaction, the chief operating officer owned 54,979 shares in the company, valued at approximately $5,810,180.72. The trade was a 3.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.13% of the stock is currently owned by company insiders.

EOG Resources Trading Up 4.9%

EOG Resources stock opened at $118.17 on Thursday. EOG Resources, Inc. has a 52 week low of $101.59 and a 52 week high of $135.87. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.62. The firm has a market capitalization of $64.12 billion, a price-to-earnings ratio of 11.77 and a beta of 0.49. The company has a 50 day moving average price of $107.77 and a 200 day moving average price of $111.46.

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.