EOG Resources, Inc. $EOG Stock Holdings Reduced by Coerente Capital Management

Coerente Capital Management reduced its stake in EOG Resources, Inc. (NYSE:EOG) by 2.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 146,510 shares of the energy exploration company’s stock after selling 3,220 shares during the period. EOG Resources accounts for 3.5% of Coerente Capital Management’s holdings, making the stock its 15th biggest holding. Coerente Capital Management’s holdings in EOG Resources were worth $20,183,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Jupiter Topco LLC bought a new position in EOG Resources in the second quarter worth approximately $138,987,000. Punch & Associates Investment Management Inc. bought a new stake in shares of EOG Resources during the second quarter valued at approximately $11,746,000. Parvin Asset Management LLC bought a new stake in shares of EOG Resources during the second quarter valued at approximately $1,743,000. Transamerica Financial Advisors LLC bought a new stake in shares of EOG Resources during the second quarter valued at approximately $1,051,000. Finally, Rakuten Investment Management Inc. bought a new stake in shares of EOG Resources during the second quarter valued at approximately $11,517,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

Insider Activity at EOG Resources

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

Analyst Upgrades and Downgrades

EOG has been the topic of a number of research reports. Susquehanna upped their target price on EOG Resources from $170.00 to $187.00 and gave the stock a “positive” rating in a research report on Tuesday, October 20th. Mizuho set a $165.00 price target on shares of EOG Resources in a research report on Thursday, October 15th. The Goldman Sachs Group restated a “neutral” rating and set a $151.00 price target (up from $127.00) on shares of EOG Resources in a research note on Monday, August 24th. Raymond James Financial restated a “strong-buy” rating and set a $186.00 price objective (up from $183.00) on shares of EOG Resources in a report on Thursday, September 17th. Finally, Jefferies Financial Group restated a “buy” rating and set a $185.00 price objective on shares of EOG Resources in a report on Saturday, October 3rd. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and seventeen have assigned a Hold rating to the company. According to MarketBeat, EOG Resources presently has a consensus rating of “Hold” and an average price target of $161.24.

EOG Resources Stock Down 4.7%

EOG stock opened at $157.81 on Tuesday. EOG Resources, Inc. has a twelve month low of $101.59 and a twelve month high of $165.93. The company has a quick ratio of 1.68, a current ratio of 1.85 and a debt-to-equity ratio of 0.25. The stock’s 50 day moving average is $149.15 and its 200-day moving average is $137.01. The firm has a market capitalization of $82.78 billion, a PE ratio of 11.95, a P/E/G ratio of 0.57 and a beta of 0.36.

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

EOG Resources Company 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.