Lake Street Private Wealth LLC Increases Holdings in EOG Resources, Inc. $EOG

Lake Street Private Wealth LLC grew its stake in EOG Resources, Inc. (NYSE:EOG) by 78.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 38,862 shares of the energy exploration company’s stock after acquiring an additional 17,066 shares during the quarter. Lake Street Private Wealth LLC’s holdings in EOG Resources were worth $4,357,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd raised its position in shares of EOG Resources by 10,950.0% in the 2nd 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 during the last quarter. JCIC Asset Management Inc. bought a new stake in EOG Resources during the 3rd quarter valued at about $32,000. Twin Peaks Wealth Advisors LLC purchased a new position in EOG Resources in the second quarter worth about $35,000. Salomon & Ludwin LLC lifted its stake in shares of EOG Resources by 122.8% in the third quarter. Salomon & Ludwin LLC now owns 323 shares of the energy exploration company’s stock worth $36,000 after buying an additional 178 shares in the last quarter. Finally, Mountain Hill Investment Partners Corp. purchased a new stake in shares of EOG Resources during the third quarter valued at approximately $37,000. 89.91% of the stock is currently owned by institutional investors.

EOG Resources Trading Down 0.5%

EOG Resources stock opened at $122.47 on Tuesday. EOG Resources, Inc. has a 52-week low of $101.59 and a 52-week high of $134.49. The company has a market cap of $66.45 billion, a P/E ratio of 12.20 and a beta of 0.49. The company has a quick ratio of 1.43, a current ratio of 1.62 and a debt-to-equity ratio of 0.25. The business has a 50-day simple moving average of $109.60 and a two-hundred day simple moving average of $111.54.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Stephens boosted their price objective on shares of EOG Resources from $138.00 to $139.00 and gave the stock an “equal weight” rating in a report on Thursday, February 12th. Morgan Stanley set a $128.00 target price on EOG Resources and gave the stock an “equal weight” rating in a report on Friday, January 23rd. The Goldman Sachs Group lowered their price target on EOG Resources from $125.00 to $123.00 and set a “neutral” rating on the stock in a report on Thursday, January 22nd. Barclays reduced their price objective on EOG Resources from $136.00 to $133.00 and set an “equal weight” rating for the company in a report on Wednesday, January 21st. Finally, UBS Group reissued a “buy” rating and issued a $141.00 target price (down previously from $144.00) on shares of EOG Resources in a research report on Friday, December 12th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, sixteen have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, EOG Resources presently has a consensus rating of “Hold” and a consensus price target of $134.30.

Insider Transactions at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $125.00, for a total transaction of $250,000.00. Following the completion of the sale, the chief operating officer directly owned 61,481 shares in the company, valued at approximately $7,685,125. The trade was a 3.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company 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.