Sippican Capital Advisors Sells 690 Shares of EOG Resources, Inc. (NYSE:EOG)

Sippican Capital Advisors trimmed its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 5.3% in the 3rd quarter, Holdings Channel reports. The firm owned 12,228 shares of the energy exploration company’s stock after selling 690 shares during the quarter. Sippican Capital Advisors’ holdings in EOG Resources were worth $1,503,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Northwest Investment Counselors LLC bought a new stake in shares of EOG Resources in the third quarter valued at about $26,000. Riverview Trust Co bought a new stake in shares of EOG Resources in the second quarter valued at about $27,000. MFA Wealth Advisors LLC bought a new stake in shares of EOG Resources in the second quarter valued at about $28,000. Eastern Bank bought a new stake in shares of EOG Resources in the third quarter valued at about $28,000. Finally, Gladius Capital Management LP bought a new stake in shares of EOG Resources in the second quarter valued at about $30,000. 89.91% of the stock is currently owned by institutional investors.

EOG Resources Stock Performance

NYSE EOG traded up $1.32 during trading hours on Thursday, reaching $121.84. The stock had a trading volume of 112,659 shares, compared to its average volume of 3,129,663. The stock has a fifty day moving average of $125.64 and a 200 day moving average of $126.41. The stock has a market cap of $70.02 billion, a P/E ratio of 9.52, a price-to-earnings-growth ratio of 3.26 and a beta of 1.28. EOG Resources, Inc. has a 52-week low of $108.94 and a 52-week high of $139.67. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.89 and a current ratio of 2.12.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.98 by $0.18. EOG Resources had a return on equity of 25.42% and a net margin of 30.33%. The company had revenue of $6.03 billion during the quarter, compared to the consensus estimate of $6.07 billion. During the same period in the previous year, the company posted $2.49 earnings per share. EOG Resources’s revenue for the quarter was up 8.1% on a year-over-year basis. Sell-side analysts predict that EOG Resources, Inc. will post 11.71 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on EOG shares. JPMorgan Chase & Co. decreased their price objective on EOG Resources from $143.00 to $135.00 and set a “neutral” rating for the company in a report on Thursday, September 12th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $145.00 target price on shares of EOG Resources in a research note on Monday, October 14th. Evercore ISI cut their target price on EOG Resources from $150.00 to $145.00 and set an “outperform” rating on the stock in a research note on Monday, September 30th. StockNews.com lowered EOG Resources from a “buy” rating to a “hold” rating in a research note on Monday, September 16th. Finally, Wells Fargo & Company dropped their price target on EOG Resources from $140.00 to $135.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 1st. Fourteen analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, EOG Resources currently has a consensus rating of “Hold” and a consensus target price of $141.20.

Insider Buying and Selling at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $126.48, for a total value of $505,920.00. Following the completion of the transaction, the chief operating officer now directly owns 35,058 shares of the company’s stock, valued at approximately $4,434,135.84. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, EVP Michael P. Donaldson sold 11,037 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $129.50, for a total transaction of $1,429,291.50. Following the completion of the transaction, the executive vice president now directly owns 74,250 shares of the company’s stock, valued at $9,615,375. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $126.48, for a total value of $505,920.00. Following the sale, the chief operating officer now owns 35,058 shares of the company’s stock, valued at $4,434,135.84. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,537 shares of company stock valued at $2,751,612. 0.30% of the stock is owned by company insiders.

About EOG Resources

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.