Plato Investment Management Ltd Grows Stock Holdings in EOG Resources, Inc. $EOG

Plato Investment Management Ltd lifted its position in EOG Resources, Inc. (NYSE:EOG) by 23.4% during the third quarter, Holdings Channel reports. The institutional investor owned 43,748 shares of the energy exploration company’s stock after buying an additional 8,292 shares during the quarter. Plato Investment Management Ltd’s holdings in EOG Resources were worth $4,868,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of EOG. Caitong International Asset Management Co. Ltd lifted its holdings in shares of EOG Resources by 10,950.0% during the 2nd 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. acquired a new position in EOG Resources during the 3rd quarter valued at about $32,000. Twin Peaks Wealth Advisors LLC acquired a new position in EOG Resources during the 2nd quarter valued at about $35,000. Keener Financial Planning LLC purchased a new stake in EOG Resources in the second quarter valued at about $35,000. Finally, Salomon & Ludwin LLC grew its stake in shares of EOG Resources by 122.8% during the third 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 last quarter. Institutional investors own 89.91% of the company’s stock.

EOG Resources Price Performance

NYSE:EOG opened at $113.81 on Friday. 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 company has a 50 day moving average price of $107.47 and a 200-day moving average price of $111.54. EOG Resources, Inc. has a 1-year low of $101.59 and a 1-year high of $135.87. The firm has a market cap of $61.75 billion, a price-to-earnings ratio of 11.34 and a beta of 0.49.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Thursday, November 6th. The energy exploration company reported $2.71 EPS for the quarter, beating the consensus estimate of $2.42 by $0.29. EOG Resources had a net margin of 24.49% and a return on equity of 19.80%. The company had revenue of $5.85 billion for the quarter, compared to analyst estimates of $5.48 billion. During the same quarter last year, the business earned $2.89 earnings per share. The firm’s revenue was down 2.0% on a year-over-year basis. Equities research analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current year.

Insider Activity

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 directly owned 54,979 shares in the company, 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 Securities & Exchange Commission, which is available at the SEC website. 0.13% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

EOG has been the subject of several research analyst reports. Jefferies Financial Group set a $140.00 price objective on shares of EOG Resources in a research report on Wednesday, January 14th. The Goldman Sachs Group cut their price target on shares of EOG Resources from $125.00 to $123.00 and set a “neutral” rating on the stock in a report on Thursday, January 22nd. Johnson Rice decreased their price objective on shares of EOG Resources from $145.00 to $135.00 and set a “hold” rating for the company in a research note on Friday, December 5th. Royal Bank Of Canada set a $138.00 price objective on shares of EOG Resources and gave the stock an “outperform” rating in a research note on Tuesday, January 13th. Finally, KeyCorp cut shares of EOG Resources from an “overweight” rating to a “sector weight” rating in a report on Friday, January 16th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, sixteen have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $134.07.

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.