JB Capital LLC Raises Holdings in EOG Resources, Inc. (NYSE:EOG)

JB Capital LLC boosted its position in EOG Resources, Inc. (NYSE:EOG) by 4.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,927 shares of the energy exploration company’s stock after acquiring an additional 836 shares during the quarter. JB Capital LLC’s holdings in EOG Resources were worth $2,450,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Cape ANN Savings Bank lifted its stake in shares of EOG Resources by 0.9% in the 3rd quarter. Cape ANN Savings Bank now owns 8,679 shares of the energy exploration company’s stock valued at $1,067,000 after purchasing an additional 79 shares in the last quarter. CVA Family Office LLC lifted its position in EOG Resources by 11.0% during the second quarter. CVA Family Office LLC now owns 820 shares of the energy exploration company’s stock valued at $103,000 after buying an additional 81 shares in the last quarter. Bailard Inc. grew its stake in EOG Resources by 0.4% during the second quarter. Bailard Inc. now owns 19,899 shares of the energy exploration company’s stock worth $2,505,000 after buying an additional 81 shares during the period. Everpar Advisors LLC increased its position in shares of EOG Resources by 3.6% in the third quarter. Everpar Advisors LLC now owns 2,380 shares of the energy exploration company’s stock worth $293,000 after acquiring an additional 83 shares in the last quarter. Finally, Altman Advisors Inc. raised its stake in shares of EOG Resources by 0.7% in the 2nd quarter. Altman Advisors Inc. now owns 12,731 shares of the energy exploration company’s stock valued at $1,603,000 after acquiring an additional 85 shares during the period. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Performance

EOG traded down $1.38 during trading hours on Thursday, hitting $125.82. 196,189 shares of the stock were exchanged, compared to its average volume of 3,121,290. The stock has a market cap of $71.54 billion, a price-to-earnings ratio of 9.82, a price-to-earnings-growth ratio of 3.24 and a beta of 1.28. The stock has a 50-day simple moving average of $125.15 and a 200-day simple moving average of $126.08. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.12 and a quick ratio of 1.89. EOG Resources, Inc. has a 12 month low of $108.94 and a 12 month high of $139.67.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Truist Financial decreased their price target on shares of EOG Resources from $130.00 to $115.00 and set a “hold” rating for the company in a research report 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. Barclays decreased their price target on EOG Resources from $144.00 to $137.00 and set an “equal weight” rating for the company in a report on Thursday, October 3rd. Morgan Stanley dropped their price objective on shares of EOG Resources from $134.00 to $132.00 and set an “equal weight” rating on the stock in a research note on Monday, September 16th. Finally, JPMorgan Chase & Co. lowered their price target on shares of EOG Resources from $143.00 to $135.00 and set a “neutral” rating for the company in a report on Thursday, September 12th. Fourteen investment 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 company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $141.20.

Insider Transactions at EOG Resources

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 approximately $9,615,375. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, 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 transaction of $1,429,291.50. Following the completion of the transaction, the executive vice president now directly owns 74,250 shares in the company, valued at $9,615,375. This represents a 0.00 % decrease in their position. 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 firm’s stock in a transaction 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 sale, the chief operating officer now 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 disclosure for this sale can be found here. In the last three months, insiders have sold 21,537 shares of company stock worth $2,751,612. 0.20% of the stock is currently owned by insiders.

EOG Resources Company Profile

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.