EOG Resources, Inc. $EOG Stock Sold by GRIMES & Co WEALTH MANAGEMENT LLC

GRIMES & Co WEALTH MANAGEMENT LLC decreased its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 4.9% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 128,307 shares of the energy exploration company’s stock after selling 6,543 shares during the period. GRIMES & Co WEALTH MANAGEMENT LLC’s holdings in EOG Resources were worth $17,676,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of EOG. BlackRock Inc. purchased a new position in EOG Resources during the 2nd quarter worth $5,905,587,000. Dimensional Fund Advisors LP boosted its stake in shares of EOG Resources by 0.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,865,073 shares of the energy exploration company’s stock worth $848,228,000 after buying an additional 54,091 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of EOG Resources by 5.5% in the first quarter. Bank of New York Mellon Corp now owns 4,928,984 shares of the energy exploration company’s stock valued at $712,583,000 after acquiring an additional 259,015 shares in the last quarter. Bank of America Corp DE purchased a new stake in shares of EOG Resources during the second quarter valued at approximately $551,321,000. Finally, First Trust Advisors LP lifted its holdings in EOG Resources by 15.7% during the first quarter. First Trust Advisors LP now owns 3,446,002 shares of the energy exploration company’s stock worth $498,189,000 after acquiring an additional 468,090 shares during the period. Institutional investors own 89.91% of the company’s stock.

Insider Activity at EOG Resources

In other EOG Resources news, COO Jeffrey Leitzell sold 9,039 shares of the company’s stock in a transaction dated Friday, September 25th. The shares were sold at an average price of $140.61, for a total transaction of $1,270,973.79. Following the sale, the chief operating officer directly owned 90,790 shares of the company’s stock, valued at $12,765,981.90. This represents a 9.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Ezra Yacob sold 35,942 shares of the company’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $152.10, for a total transaction of $5,466,778.20. Following the sale, the chief executive officer directly owned 242,451 shares in the company, valued at approximately $36,876,797.10. This trade represents a 12.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 52,317 shares of company stock worth $7,823,480. Company insiders own 0.14% of the company’s stock.

EOG Resources Stock Performance

NYSE:EOG opened at $157.81 on Tuesday. The company has a market capitalization of $82.78 billion, a P/E ratio of 12.28, a P/E/G ratio of 0.57 and a beta of 0.36. The business has a fifty day simple moving average of $149.15 and a two-hundred day simple moving average of $137.01. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.85 and a quick ratio of 1.68. EOG Resources, Inc. has a 1 year low of $101.59 and a 1 year high of $165.93.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 EPS for the quarter, beating analysts’ consensus estimates of $4.97 by $0.10. The firm had revenue of $8.62 billion for the quarter, compared to analysts’ expectations of $8.04 billion. EOG Resources had a return on equity of 23.44% and a net margin of 25.44%. The business’s revenue for the quarter was up 57.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.32 EPS. On average, analysts expect that EOG Resources, Inc. will post 17.70 earnings per share for the current year.

Analysts Set New Price Targets

EOG has been the topic of several research analyst reports. Mizuho set a $165.00 price objective on EOG Resources in a research report on Thursday, October 15th. Susquehanna increased their price target on shares of EOG Resources from $170.00 to $187.00 and gave the company a “positive” rating in a research report on Tuesday, October 20th. Freedom Capital downgraded shares of EOG Resources from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 5th. Scotiabank began coverage on shares of EOG Resources in a research report on Wednesday, October 14th. They issued a “sector perform” rating and a $144.00 price objective on the stock. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $185.00 price objective on shares of EOG Resources in a research report on Saturday, October 3rd. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and seventeen have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $161.24.

EOG Resources Profile

EOG Resources, Inc is an independent exploration and production company engaged in finding, developing, producing and marketing crude oil, natural gas liquids and natural gas. Its operations focus on large, high-quality onshore and international assets, supported by technical expertise in horizontal drilling and hydraulic fracturing.

The company’s principal U.S. activities are concentrated in major shale and onshore plays, including the Delaware Basin, Eagle Ford and other producing regions in Texas and the Rocky Mountains.