Aberdeen Group plc Sells 50,543 Shares of EOG Resources, Inc. $EOG

Aberdeen Group plc decreased its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 14.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 311,085 shares of the energy exploration company’s stock after selling 50,543 shares during the quarter. Aberdeen Group plc owned approximately 0.06% of EOG Resources worth $35,261,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EOG. Hemington Wealth Management boosted its holdings in shares of EOG Resources by 7.2% during the 3rd quarter. Hemington Wealth Management now owns 1,383 shares of the energy exploration company’s stock worth $155,000 after buying an additional 93 shares during the period. apricus wealth LLC lifted its position in EOG Resources by 5.0% during the third quarter. apricus wealth LLC now owns 2,002 shares of the energy exploration company’s stock worth $224,000 after acquiring an additional 95 shares during the last quarter. Sowell Financial Services LLC boosted its holdings in shares of EOG Resources by 1.6% during the third quarter. Sowell Financial Services LLC now owns 6,234 shares of the energy exploration company’s stock worth $699,000 after acquiring an additional 96 shares during the period. Generali Investments Towarzystwo Funduszy Inwestycyjnych grew its position in shares of EOG Resources by 7.1% in the second quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 1,500 shares of the energy exploration company’s stock valued at $179,000 after purchasing an additional 100 shares during the last quarter. Finally, Jackson Hole Capital Partners LLC increased its stake in shares of EOG Resources by 3.7% during the second quarter. Jackson Hole Capital Partners LLC now owns 2,803 shares of the energy exploration company’s stock worth $335,000 after purchasing an additional 101 shares during the period. 89.91% of the stock is owned by institutional investors.

EOG Resources Stock Performance

Shares of EOG Resources stock opened at $120.85 on Tuesday. 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 company has a market cap of $65.57 billion, a PE ratio of 12.04 and a beta of 0.49. The company has a 50 day moving average of $108.26 and a 200-day moving average of $111.35. EOG Resources, Inc. has a 1-year low of $101.59 and a 1-year high of $135.87.

Wall Street Analysts Forecast Growth

EOG has been the subject of several recent research reports. 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. Mizuho set a $134.00 target price on EOG Resources and gave the stock a “neutral” rating in a report on Friday, December 12th. Zacks Research downgraded shares of EOG Resources from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 20th. BMO Capital Markets lowered their price target on shares of EOG Resources from $126.00 to $120.00 and set an “outperform” rating on the stock in a research report on Monday, January 12th. Finally, Royal Bank Of Canada set a $138.00 price objective on shares of EOG Resources and gave the stock an “outperform” rating in a research note on Tuesday, January 13th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, sixteen have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $134.30.

Insider Buying and Selling at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 2,000 shares of the company’s 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 completion of the sale, the chief operating officer directly owned 54,979 shares in the company, valued at $5,810,180.72. This represents a 3.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.13% of the company’s stock.

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.