Roanoke Asset Management Corp NY Has $2.01 Million Holdings in EOG Resources, Inc. (NYSE:EOG)

Roanoke Asset Management Corp NY trimmed its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 0.5% during the third quarter, HoldingsChannel reports. The fund owned 16,373 shares of the energy exploration company’s stock after selling 85 shares during the period. Roanoke Asset Management Corp NY’s holdings in EOG Resources were worth $2,013,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. 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 acquired a new stake in EOG Resources in the 2nd quarter valued at approximately $27,000. MFA Wealth Advisors LLC bought a new stake in EOG Resources in the 2nd quarter valued at approximately $28,000. Eastern Bank bought a new stake in EOG Resources in the 3rd quarter valued at approximately $28,000. Finally, Gladius Capital Management LP bought a new position in shares of EOG Resources during the 2nd quarter worth approximately $30,000. 89.91% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. UBS Group cut their price objective on shares of EOG Resources from $167.00 to $154.00 and set a “buy” rating on the stock in a research report on Wednesday, September 18th. Scotiabank cut their price target on shares of EOG Resources from $150.00 to $140.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 10th. Truist Financial lowered their target price on EOG Resources from $130.00 to $115.00 and set a “hold” rating on the stock in a research report on Monday, September 30th. Royal Bank of Canada reiterated a “sector perform” rating and set a $145.00 target price on shares of EOG Resources in a report on Monday, October 14th. Finally, StockNews.com downgraded EOG Resources from a “buy” rating to a “hold” rating in a research note on Monday, September 16th. Fourteen investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, EOG Resources has an average rating of “Hold” and an average price target of $141.20.

Insiders Place Their Bets

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

EOG Resources Trading Down 0.9 %

Shares of NYSE:EOG opened at $120.84 on Friday. The company has a market capitalization of $68.71 billion, a P/E ratio of 9.33, a P/E/G ratio of 3.17 and a beta of 1.28. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.12 and a quick ratio of 1.89. The business’s 50 day simple moving average is $125.46 and its 200 day simple moving average is $126.30. EOG Resources, Inc. has a 1 year low of $108.94 and a 1 year high of $139.67.

EOG Resources (NYSE:EOG) last released its earnings results on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.98 by $0.18. The company had revenue of $6.03 billion for the quarter, compared to analyst estimates of $6.07 billion. EOG Resources had a return on equity of 25.42% and a net margin of 30.33%. EOG Resources’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period in the prior year, the firm posted $2.49 EPS. On average, research analysts anticipate that EOG Resources, Inc. will post 11.59 EPS for the current fiscal year.

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.