Heartland Advisors Inc. Has $16.34 Million Position in EOG Resources, Inc. $EOG

Heartland Advisors Inc. lessened its stake in EOG Resources, Inc. (NYSE:EOG) by 5.7% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 145,707 shares of the energy exploration company’s stock after selling 8,884 shares during the period. Heartland Advisors Inc.’s holdings in EOG Resources were worth $16,337,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of EOG. Hemington Wealth Management increased its stake in shares of EOG Resources by 7.2% in the 3rd quarter. Hemington Wealth Management now owns 1,383 shares of the energy exploration company’s stock valued at $155,000 after buying an additional 93 shares during the period. apricus wealth LLC increased its position in EOG Resources by 5.0% in the third quarter. apricus wealth LLC now owns 2,002 shares of the energy exploration company’s stock worth $224,000 after purchasing an additional 95 shares during the period. Sowell Financial Services LLC raised its holdings in EOG Resources by 1.6% during the 3rd quarter. Sowell Financial Services LLC now owns 6,234 shares of the energy exploration company’s stock worth $699,000 after purchasing an additional 96 shares during the last quarter. Hardy Reed LLC lifted its position in EOG Resources by 4.5% during the 3rd quarter. Hardy Reed LLC now owns 2,267 shares of the energy exploration company’s stock valued at $254,000 after purchasing an additional 97 shares during the period. Finally, Generali Investments Towarzystwo Funduszy Inwestycyjnych boosted its stake in shares of EOG Resources by 7.1% in the 2nd quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 1,500 shares of the energy exploration company’s stock valued at $179,000 after purchasing an additional 100 shares during the last quarter. 89.91% of the stock is currently owned by institutional investors.

EOG Resources Trading Up 2.5%

NYSE EOG opened at $120.85 on Tuesday. EOG Resources, Inc. has a one year low of $101.59 and a one year high of $135.87. 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 firm has a market cap of $65.57 billion, a P/E ratio of 12.04 and a beta of 0.49. The stock’s 50-day moving average is $108.26 and its 200-day moving average is $111.35.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on EOG. Scotiabank set a $123.00 price objective on shares of EOG Resources and gave the company a “sector perform” rating in a research note on Friday, January 16th. Mizuho set a $134.00 price target on EOG Resources and gave the company a “neutral” rating in a research note on Friday, December 12th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $127.00 price objective (up from $126.00) on shares of EOG Resources in a research note on Tuesday, January 27th. Raymond James Financial increased their target price on EOG Resources from $153.00 to $157.00 and gave the company a “strong-buy” rating in a research note on Friday. Finally, UBS Group restated a “buy” rating and set a $141.00 target price (down previously from $144.00) on shares of EOG Resources in a report on Friday, December 12th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, sixteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, EOG Resources presently has an average rating of “Hold” and an average price target of $134.30.

Insider Activity

In related 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 value of $211,360.00. Following the completion of the transaction, the chief operating officer directly owned 54,979 shares of the company’s stock, valued at approximately $5,810,180.72. This represents a 3.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.13% of the stock is owned by corporate insiders.

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.