ABC Arbitrage SA Takes Position in EOG Resources, Inc. $EOG

ABC Arbitrage SA acquired a new stake in EOG Resources, Inc. (NYSE:EOG) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 27,117 shares of the energy exploration company’s stock, valued at approximately $3,040,000.

A number of other institutional investors have also bought and sold shares of the business. Caitong International Asset Management Co. Ltd increased its holdings in shares of EOG Resources by 10,950.0% in 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 during the last quarter. JCIC Asset Management Inc. purchased a new stake in EOG Resources in the 3rd quarter valued at $32,000. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of EOG Resources in the 2nd quarter worth $35,000. Salomon & Ludwin LLC raised 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 worth $36,000 after acquiring an additional 178 shares during the period. Finally, Mountain Hill Investment Partners Corp. acquired a new position in shares of EOG Resources during the 3rd quarter valued at about $37,000. 89.91% of the stock is owned by hedge funds and other institutional investors.

EOG Resources Price Performance

EOG stock opened at $112.76 on Wednesday. The business’s 50-day moving average is $107.63 and its two-hundred day moving average is $111.41. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.62 and a quick ratio of 1.43. The firm has a market capitalization of $61.18 billion, a P/E ratio of 11.23 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.

Wall Street Analyst Weigh In

EOG has been the subject of several recent analyst reports. Sanford C. Bernstein restated a “market perform” rating and set a $126.00 price objective (down from $144.00) on shares of EOG Resources in a research report on Monday, January 5th. Jefferies Financial Group set a $140.00 price target on shares of EOG Resources in a research note on Wednesday, January 14th. Susquehanna reduced their price target on shares of EOG Resources from $161.00 to $151.00 and set a “positive” rating on the stock in a research report on Monday, January 26th. Wolfe Research increased their price objective on EOG Resources from $134.00 to $137.00 and gave the stock an “outperform” rating in a research report on Monday, January 26th. Finally, Capital One Financial cut their target price on EOG Resources from $131.00 to $130.00 and set an “overweight” rating for the company in a research note on Thursday, January 8th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, sixteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, EOG Resources has a consensus rating of “Hold” and a consensus price target of $134.07.

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 transaction of $211,360.00. Following the sale, the chief operating officer 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.13% of the stock is owned by company insiders.

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.