EOG Resources, Inc. $EOG Stock Position Cut by Pekin Hardy Strauss Inc.

Pekin Hardy Strauss Inc. decreased its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 21.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,504 shares of the energy exploration company’s stock after selling 4,201 shares during the period. Pekin Hardy Strauss Inc.’s holdings in EOG Resources were worth $1,738,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. First Trust Advisors LP boosted its holdings in shares of EOG Resources by 64.1% in the second quarter. First Trust Advisors LP now owns 3,728,128 shares of the energy exploration company’s stock valued at $445,921,000 after acquiring an additional 1,456,928 shares in the last quarter. Prudential Financial Inc. raised its holdings in EOG Resources by 282.3% during the second quarter. Prudential Financial Inc. now owns 1,546,058 shares of the energy exploration company’s stock worth $184,924,000 after purchasing an additional 1,141,680 shares in the last quarter. Jupiter Asset Management Ltd. lifted its position in EOG Resources by 122.6% in the second quarter. Jupiter Asset Management Ltd. now owns 907,231 shares of the energy exploration company’s stock worth $108,514,000 after purchasing an additional 499,610 shares during the period. Invesco Ltd. lifted its position in EOG Resources by 7.0% in the second quarter. Invesco Ltd. now owns 4,494,503 shares of the energy exploration company’s stock worth $537,588,000 after purchasing an additional 294,641 shares during the period. Finally, CANADA LIFE ASSURANCE Co boosted its stake in EOG Resources by 71.6% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 673,782 shares of the energy exploration company’s stock valued at $80,719,000 after purchasing an additional 281,098 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on EOG shares. Piper Sandler set a $123.00 price objective on EOG Resources and gave the stock a “neutral” rating in a research note on Wednesday, January 28th. Roth Mkm lowered their target price on EOG Resources from $114.00 to $108.00 and set a “neutral” rating on the stock in a report on Friday, January 23rd. Capital One Financial dropped their price target on shares of EOG Resources from $131.00 to $130.00 and set an “overweight” rating on the stock in a research report on Thursday, January 8th. Raymond James Financial upped their price target on shares of EOG Resources from $153.00 to $157.00 and gave the company a “strong-buy” rating in a report on Friday, February 13th. Finally, Citigroup reaffirmed a “neutral” rating and issued a $115.00 price objective (down previously from $125.00) on shares of EOG Resources in a research note on Wednesday, December 17th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, sixteen have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $134.30.

Insider Activity at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 31st. The shares were sold at an average price of $105.68, for a total value of $211,360.00. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.13% of the company’s stock.

EOG Resources Price Performance

EOG stock opened at $122.95 on Friday. EOG Resources, Inc. has a one year low of $101.59 and a one year high of $135.14. The firm has a 50-day moving average of $109.27 and a two-hundred day moving average of $111.57. The firm has a market capitalization of $66.71 billion, a PE ratio of 12.25 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.

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.