EOG Resources, Inc. (NYSE:EOG) Shares Purchased by Jmac Enterprises LLC

Jmac Enterprises LLC increased its position in EOG Resources, Inc. (NYSE:EOG) by 12.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,850 shares of the energy exploration company’s stock after acquiring an additional 896 shares during the period. Jmac Enterprises LLC’s holdings in EOG Resources were worth $965,000 at the end of the most recent reporting period.

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

Insiders Place Their Bets

In other news, EVP Michael P. Donaldson sold 11,037 shares of the firm’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $129.50, for a total transaction of $1,429,291.50. Following the transaction, the executive vice president now owns 74,250 shares in the company, valued at approximately $9,615,375. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other 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 transaction 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 approximately $9,615,375. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Charles R. Crisp sold 6,500 shares of the firm’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 transaction, the director now directly owns 60,892 shares in the company, valued at $7,648,035.20. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 21,537 shares of company stock valued at $2,751,612 over the last ninety days. Corporate insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on EOG. Wells Fargo & Company dropped their price objective on EOG Resources from $140.00 to $135.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 1st. KeyCorp decreased their price target on shares of EOG Resources from $157.00 to $150.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. Truist Financial dropped their price target on EOG Resources from $130.00 to $115.00 and set a “hold” rating on the stock in a research note on Monday, September 30th. Wolfe Research assumed coverage on shares of EOG Resources in a research note on Thursday, July 18th. They set a “peer perform” rating for the company. Finally, Morgan Stanley dropped their target price on shares of EOG Resources from $134.00 to $132.00 and set an “equal weight” rating on the stock in a research report on Monday, September 16th. Fourteen analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $141.20.

EOG Resources Trading Up 4.2 %

Shares of NYSE EOG opened at $127.19 on Thursday. The business has a 50 day simple moving average of $125.15 and a 200 day simple moving average of $126.08. EOG Resources, Inc. has a 52 week low of $108.94 and a 52 week high of $139.67. The stock has a market cap of $72.32 billion, a price-to-earnings ratio of 9.82, a PEG ratio of 3.24 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.

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.