SVB Wealth LLC Decreases Position in EOG Resources, Inc. $EOG

SVB Wealth LLC decreased its stake in EOG Resources, Inc. (NYSE:EOG) by 21.1% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 21,276 shares of the energy exploration company’s stock after selling 5,686 shares during the quarter. SVB Wealth LLC’s holdings in EOG Resources were worth $2,385,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of EOG. Cullen Capital Management LLC raised its position in EOG Resources by 4.7% in the 2nd quarter. Cullen Capital Management LLC now owns 576,470 shares of the energy exploration company’s stock worth $68,952,000 after purchasing an additional 25,753 shares during the period. Kiker Wealth Management LLC bought a new position in shares of EOG Resources during the second quarter valued at approximately $627,000. Railway Pension Investments Ltd raised its holdings in shares of EOG Resources by 6.9% in the second quarter. Railway Pension Investments Ltd now owns 449,100 shares of the energy exploration company’s stock worth $53,717,000 after buying an additional 28,800 shares during the period. AlphaQuest LLC raised its holdings in shares of EOG Resources by 1,413.5% in the third quarter. AlphaQuest LLC now owns 25,533 shares of the energy exploration company’s stock worth $2,863,000 after buying an additional 23,846 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S lifted its stake in shares of EOG Resources by 21.0% during the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 65,820 shares of the energy exploration company’s stock worth $7,380,000 after acquiring an additional 11,442 shares during the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Insider Activity

In related news, COO Jeffrey R. Leitzell sold 2,000 shares of EOG Resources stock in a transaction that occurred 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 transaction, the chief operating officer directly owned 54,979 shares of the company’s stock, valued at $5,810,180.72. This trade represents a 3.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on EOG. Roth Mkm reduced their target price on EOG Resources from $114.00 to $108.00 and set a “neutral” rating on the stock in a research note on Friday, January 23rd. Zacks Research lowered shares of EOG Resources from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of EOG Resources in a research note on Thursday, January 22nd. Royal Bank Of Canada set a $138.00 price objective on shares of EOG Resources and gave the company an “outperform” rating in a report on Tuesday, January 13th. Finally, Raymond James Financial reissued a “strong-buy” rating and issued a $153.00 price objective on shares of EOG Resources in a research report on Wednesday, December 3rd. 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 given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $134.07.

EOG Resources Stock Down 1.0%

Shares of EOG Resources stock opened at $112.76 on Wednesday. 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 stock has a market cap of $61.18 billion, a price-to-earnings ratio of 11.23 and a beta of 0.49. The firm’s 50-day moving average is $107.63 and its two-hundred day moving average is $111.41. EOG Resources, Inc. has a 1 year low of $101.59 and a 1 year high of $135.87.

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.