Advisors Management Group Inc. ADV Acquires 214 Shares of EOG Resources, Inc. (NYSE:EOG)

Advisors Management Group Inc. ADV lifted its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 7.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,252 shares of the energy exploration company’s stock after purchasing an additional 214 shares during the period. Advisors Management Group Inc. ADV’s holdings in EOG Resources were worth $400,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in EOG. Northwest Investment Counselors LLC bought a new stake in shares of EOG Resources during the 3rd quarter worth $26,000. Riverview Trust Co bought a new stake in shares of EOG Resources during the 2nd quarter worth $27,000. MFA Wealth Advisors LLC bought a new stake in shares of EOG Resources during the 2nd quarter worth $28,000. Eastern Bank bought a new stake in shares of EOG Resources during the 3rd quarter worth $28,000. Finally, Gladius Capital Management LP bought a new stake in shares of EOG Resources during the 2nd quarter worth $30,000. 89.91% of the stock is currently owned by institutional investors.

EOG Resources Stock Performance

Shares of EOG opened at $127.19 on Thursday. The company has a market cap of $72.32 billion, a PE ratio of 9.82, a price-to-earnings-growth ratio of 3.24 and a beta of 1.28. The company has a current ratio of 2.12, a quick ratio of 1.89 and a debt-to-equity ratio of 0.11. The stock has a 50-day moving average price of $125.15 and a 200-day moving average price of $126.08. EOG Resources, Inc. has a 12-month low of $108.94 and a 12-month high of $139.67.

Insider Buying and Selling

In related news, EVP Michael P. Donaldson sold 11,037 shares of the business’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 value of $1,429,291.50. Following the completion of the sale, the executive vice president now owns 74,250 shares in the company, valued at $9,615,375. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, EVP Michael P. Donaldson sold 11,037 shares of the business’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 value of $1,429,291.50. Following the completion of the sale, the executive vice president now owns 74,250 shares in the company, valued at $9,615,375. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Charles R. Crisp sold 6,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was 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 $7,648,035.20. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,537 shares of company stock worth $2,751,612 in the last quarter. 0.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Susquehanna decreased their price objective on EOG Resources from $159.00 to $158.00 and set a “positive” rating for the company in a report on Wednesday, September 4th. Scotiabank decreased their price objective on EOG Resources from $150.00 to $140.00 and set a “sector perform” rating for the company in a report on Thursday, October 10th. Evercore ISI decreased their price objective on EOG Resources from $150.00 to $145.00 and set an “outperform” rating for the company in a report on Monday, September 30th. Sanford C. Bernstein decreased their price objective on EOG Resources from $139.00 to $125.00 and set a “market perform” rating for the company in a report on Wednesday, July 17th. Finally, UBS Group decreased their price objective on EOG Resources from $167.00 to $154.00 and set a “buy” rating for the company in a report on Wednesday, September 18th. Fourteen research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $141.20.

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.