EOG Resources, Inc. (NYSE:EOG) Shares Acquired by IAG Wealth Partners LLC

IAG Wealth Partners LLC increased its stake in EOG Resources, Inc. (NYSE:EOG - Free Report) by 10,071.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,750 shares of the energy exploration company's stock after buying an additional 20,546 shares during the period. IAG Wealth Partners LLC's holdings in EOG Resources were worth $2,551,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of EOG. Northwest Investment Counselors LLC bought a new position in EOG Resources during the third quarter valued at approximately $26,000. Riverview Trust Co bought a new stake in shares of EOG Resources during the 2nd quarter valued at $27,000. MFA Wealth Advisors LLC purchased a new stake in EOG Resources in the 2nd quarter worth $28,000. Eastern Bank purchased a new stake in EOG Resources in the 3rd quarter worth $28,000. Finally, Gladius Capital Management LP purchased a new stake in EOG Resources in the 2nd quarter worth $30,000. 89.91% of the stock is owned by institutional investors.

EOG Resources Trading Down 0.9 %

EOG Resources stock traded down $1.12 during trading hours on Friday, hitting $120.84. The company had a trading volume of 2,256,118 shares, compared to its average volume of 2,342,939. The firm has a market cap of $68.71 billion, a P/E ratio of 9.33, a P/E/G ratio of 3.21 and a beta of 1.28. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.89 and a current ratio of 2.12. EOG Resources, Inc. has a 1 year low of $108.94 and a 1 year high of $139.67. The company has a 50-day moving average price of $125.46 and a two-hundred day moving average price of $126.21.

EOG Resources (NYSE:EOG - Get Free Report) last announced its quarterly earnings results on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share for the quarter, topping the consensus estimate of $2.98 by $0.18. EOG Resources had a net margin of 30.33% and a return on equity of 25.42%. The firm had revenue of $6.03 billion during the quarter, compared to analysts' expectations of $6.07 billion. During the same quarter in the prior year, the company earned $2.49 EPS. The company's revenue was up 8.1% compared to the same quarter last year. On average, sell-side analysts anticipate that EOG Resources, Inc. will post 11.59 earnings per share for the current year.

Insider Transactions at EOG Resources

In other news, Director Charles R. Crisp sold 6,500 shares of the company's stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $125.60, for a total value of $816,400.00. Following the completion of the sale, the director now owns 60,892 shares of the company's stock, valued at approximately $7,648,035.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Charles R. Crisp sold 6,500 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $125.60, for a total transaction of $816,400.00. Following the completion of the sale, the director now owns 60,892 shares of the company's stock, valued at $7,648,035.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $126.48, for a total transaction of $505,920.00. Following the sale, the chief operating officer now directly owns 35,058 shares of the company's stock, valued at $4,434,135.84. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,537 shares of company stock valued at $2,751,612. Company insiders own 0.30% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on EOG shares. Barclays reduced their target price on shares of EOG Resources from $144.00 to $137.00 and set an "equal weight" rating on the stock in a report on Thursday, October 3rd. Truist Financial reduced their target price on shares of EOG Resources from $130.00 to $115.00 and set a "hold" rating on the stock in a report on Monday, September 30th. Susquehanna reduced their target price on shares of EOG Resources from $159.00 to $158.00 and set a "positive" rating on the stock in a report on Wednesday, September 4th. Evercore ISI reduced their target price on shares of EOG Resources from $150.00 to $145.00 and set an "outperform" rating on the stock in a report on Monday, September 30th. Finally, KeyCorp reduced their target price on shares of EOG Resources from $157.00 to $150.00 and set an "overweight" rating on the stock in a report on Wednesday, October 16th. Fourteen analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $141.20.

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.