Deseret Mutual Benefit Administrators Grows Stake in EOG Resources, Inc. (NYSE:EOG)

Deseret Mutual Benefit Administrators lifted its position in EOG Resources, Inc. (NYSE:EOG) by 11.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 909 shares of the energy exploration company’s stock after purchasing an additional 92 shares during the quarter. Deseret Mutual Benefit Administrators’ holdings in EOG Resources were worth $112,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. UniSuper Management Pty Ltd raised its holdings in shares of EOG Resources by 228.4% in the 1st quarter. UniSuper Management Pty Ltd now owns 15,626 shares of the energy exploration company’s stock valued at $1,998,000 after acquiring an additional 10,868 shares in the last quarter. University of Texas Texas AM Investment Management Co. raised its stake in EOG Resources by 3,976.8% in the second quarter. University of Texas Texas AM Investment Management Co. now owns 10,885 shares of the energy exploration company’s stock valued at $1,370,000 after purchasing an additional 10,618 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in EOG Resources by 23.3% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 25,102 shares of the energy exploration company’s stock valued at $3,209,000 after purchasing an additional 4,749 shares during the last quarter. Sequoia Financial Advisors LLC lifted its position in EOG Resources by 44.2% during the third quarter. Sequoia Financial Advisors LLC now owns 10,603 shares of the energy exploration company’s stock valued at $1,303,000 after purchasing an additional 3,251 shares during the last quarter. Finally, Canada Pension Plan Investment Board grew its stake in EOG Resources by 67.3% in the 1st quarter. Canada Pension Plan Investment Board now owns 843,682 shares of the energy exploration company’s stock worth $107,856,000 after buying an additional 339,480 shares in the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Truist Financial lowered their price objective on shares of EOG Resources from $130.00 to $115.00 and set a “hold” rating on the stock in a research report on Monday, September 30th. UBS Group lowered their price target on EOG Resources from $167.00 to $154.00 and set a “buy” rating on the stock in a research report on Wednesday, September 18th. StockNews.com cut EOG Resources from a “buy” rating to a “hold” rating in a report on Monday, September 16th. Royal Bank of Canada reiterated a “sector perform” rating and set a $145.00 price objective on shares of EOG Resources in a research report on Monday, October 14th. Finally, Wells Fargo & Company dropped their target price on EOG Resources from $140.00 to $135.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 1st. Fourteen research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $141.20.

Insiders Place Their Bets

In other news, EVP Michael P. Donaldson sold 11,037 shares of the business’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 transaction, the executive vice president now directly owns 74,250 shares of the company’s stock, valued at approximately $9,615,375. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Michael P. Donaldson sold 11,037 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $129.50, for a total transaction of $1,429,291.50. Following the transaction, the executive vice president now owns 74,250 shares in the company, valued at $9,615,375. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the stock in a transaction dated Friday, August 9th. The stock was 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 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 21,537 shares of company stock worth $2,751,612. 0.20% of the stock is currently owned by company insiders.

EOG Resources Stock Performance

EOG Resources stock opened at $127.19 on Thursday. The company has a current ratio of 2.12, a quick ratio of 1.89 and a debt-to-equity ratio of 0.11. The firm has a market cap of $72.32 billion, a P/E ratio of 9.82, a P/E/G ratio of 3.24 and a beta of 1.28. EOG Resources, Inc. has a 1-year low of $108.94 and a 1-year high of $139.67. The firm has a 50-day moving average of $125.15 and a 200-day moving average of $126.08.

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.