EOG Resources, Inc. (NYSE:EOG) Shares Sold by Yacktman Asset Management LP

Yacktman Asset Management LP cut its position in shares of EOG Resources, Inc. (NYSE:EOG) by 8.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,638,342 shares of the energy exploration company’s stock after selling 149,386 shares during the quarter. EOG Resources comprises 2.1% of Yacktman Asset Management LP’s portfolio, making the stock its 17th biggest position. Yacktman Asset Management LP owned about 0.29% of EOG Resources worth $201,401,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Northwest Investment Counselors LLC acquired a new position in EOG Resources during the third quarter valued at approximately $26,000. Riverview Trust Co acquired a new position in EOG Resources in the 2nd quarter worth $27,000. MFA Wealth Advisors LLC purchased a new position in EOG Resources in the 2nd quarter valued at about $28,000. Eastern Bank purchased a new stake in shares of EOG Resources during the third quarter worth about $28,000. Finally, Gladius Capital Management LP acquired a new position in shares of EOG Resources in the second quarter worth about $30,000. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

EOG Resources Stock Up 1.7 %

Shares of EOG Resources stock opened at $122.93 on Tuesday. 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 1-year low of $108.94 and a 1-year high of $139.67. The business’s fifty day moving average price is $125.31 and its two-hundred day moving average price is $126.15. The company has a market capitalization of $69.90 billion, a P/E ratio of 9.49, a PEG ratio of 3.18 and a beta of 1.28.

Wall Street Analyst Weigh In

EOG has been the subject of several research analyst reports. StockNews.com cut EOG Resources from a “buy” rating to a “hold” rating in a research note on Monday, September 16th. Truist Financial decreased their price objective on shares of EOG Resources from $130.00 to $115.00 and set a “hold” rating for the company in a report on Monday, September 30th. KeyCorp cut their target price on shares of EOG Resources from $157.00 to $150.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. Evercore ISI reduced their price target on shares of EOG Resources from $150.00 to $145.00 and set an “outperform” rating on the stock in a research report on Monday, September 30th. Finally, Piper Sandler lowered their price objective on EOG Resources from $154.00 to $147.00 and set an “overweight” rating for the company in a report on Thursday, August 15th. Fourteen research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, EOG Resources has an average rating of “Hold” and a consensus price target of $141.20.

Insider Buying and Selling at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the stock in a transaction 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 sale, the chief operating officer now owns 35,058 shares in the company, valued at $4,434,135.84. 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 is available at this link. In other EOG Resources news, EVP Michael P. Donaldson sold 11,037 shares of the company’s stock in a transaction dated 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 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 document filed with the SEC, which is available at this hyperlink. Also, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources stock in a transaction dated Friday, August 9th. The shares were 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 approximately $4,434,135.84. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,537 shares of company stock valued at $2,751,612. 0.20% of the stock is owned by corporate 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.