MQS Management LLC Invests $838,000 in EOG Resources, Inc. $EOG

MQS Management LLC purchased a new stake in shares of EOG Resources, Inc. (NYSE:EOG) in the third quarter, Holdings Channel reports. The firm purchased 7,474 shares of the energy exploration company’s stock, valued at approximately $838,000. EOG Resources comprises about 0.5% of MQS Management LLC’s portfolio, making the stock its 22nd largest position.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Sivia Capital Partners LLC bought a new stake in shares of EOG Resources during the 2nd quarter worth $258,000. Callan Family Office LLC raised its position in EOG Resources by 133.3% in the second quarter. Callan Family Office LLC now owns 5,348 shares of the energy exploration company’s stock worth $640,000 after acquiring an additional 3,056 shares during the period. Concurrent Investment Advisors LLC raised its position in EOG Resources by 1.7% in the second quarter. Concurrent Investment Advisors LLC now owns 11,691 shares of the energy exploration company’s stock worth $1,398,000 after acquiring an additional 194 shares during the period. CWM LLC boosted its stake in EOG Resources by 19.4% in the second quarter. CWM LLC now owns 23,959 shares of the energy exploration company’s stock valued at $2,866,000 after acquiring an additional 3,888 shares during the last quarter. Finally, Sequoia Financial Advisors LLC grew its position in shares of EOG Resources by 35.3% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 14,331 shares of the energy exploration company’s stock valued at $1,714,000 after acquiring an additional 3,736 shares during the period. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Down 1.0%

Shares of NYSE:EOG opened at $112.76 on Wednesday. The firm has a fifty day moving average price of $107.63 and a two-hundred day moving average price of $111.41. The company has a market cap of $61.18 billion, a price-to-earnings ratio of 11.23 and a beta of 0.49. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.62 and a quick ratio of 1.43. EOG Resources, Inc. has a one year low of $101.59 and a one year high of $135.87.

Insider Buying and Selling

In other EOG Resources 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 owned 54,979 shares of the company’s stock, valued at $5,810,180.72. This trade represents a 3.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.13% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on EOG shares. Citigroup reaffirmed a “neutral” rating and issued a $115.00 price target (down previously from $125.00) on shares of EOG Resources in a report on Wednesday, December 17th. Jefferies Financial Group set a $140.00 price target on EOG Resources in a research report on Wednesday, January 14th. Capital One Financial cut their price target 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. Raymond James Financial restated a “strong-buy” rating and issued a $153.00 price objective on shares of EOG Resources in a research note on Wednesday, December 3rd. Finally, Scotiabank set a $123.00 target price on shares of EOG Resources and gave the stock a “sector perform” rating in a research note on Friday, January 16th. One research 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 assigned a Sell rating to the stock. According to data from MarketBeat, EOG Resources currently has a consensus rating of “Hold” and an average target price of $134.07.

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.