EOG Resources, Inc. $EOG Shares Sold by Fifth Third Bancorp

Fifth Third Bancorp reduced its position in EOG Resources, Inc. (NYSE:EOG) by 2.9% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 223,136 shares of the energy exploration company’s stock after selling 6,648 shares during the quarter. Fifth Third Bancorp’s holdings in EOG Resources were worth $25,018,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd boosted 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 worth $26,000 after purchasing an additional 219 shares in the last quarter. JCIC Asset Management Inc. acquired a new position in EOG Resources during the third quarter worth about $32,000. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of EOG Resources in the second quarter valued at approximately $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 EOG Resources in the 3rd quarter valued at about $37,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Trading Up 2.5%

Shares of EOG stock opened at $120.85 on Tuesday. The business’s 50 day moving average is $108.26 and its two-hundred day moving average is $111.35. EOG Resources, Inc. has a twelve month low of $101.59 and a twelve month high of $135.87. The company has a market capitalization of $65.57 billion, a P/E ratio of 12.04 and a beta of 0.49. The company has a current ratio of 1.62, a quick ratio of 1.43 and a debt-to-equity ratio of 0.25.

Analysts Set New Price Targets

Several brokerages recently weighed in on EOG. JPMorgan Chase & Co. cut their target price on EOG Resources from $121.00 to $115.00 and set a “neutral” rating for the company in a research note on Friday, January 23rd. Johnson Rice cut their price target on shares of EOG Resources from $145.00 to $135.00 and set a “hold” rating on the stock in a research note on Friday, December 5th. Wolfe Research increased their price objective on EOG Resources from $134.00 to $137.00 and gave the company an “outperform” rating in a research note on Monday, January 26th. Capital One Financial decreased their price target on shares of EOG Resources from $131.00 to $130.00 and set an “overweight” rating for the company in a research note on Thursday, January 8th. Finally, Jefferies Financial Group set a $140.00 price target on shares of EOG Resources in a report on Wednesday, January 14th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, sixteen have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $134.30.

Insider Transactions at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 2,000 shares of the company’s stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $105.68, for a total transaction of $211,360.00. Following the completion of the transaction, the chief operating officer owned 54,979 shares in the company, valued at approximately $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 can be accessed through the SEC website. Corporate insiders own 0.13% of the company’s stock.

EOG Resources 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.