River Road Asset Management LLC Lowers Stock Holdings in EOG Resources, Inc. (NYSE:EOG)

River Road Asset Management LLC trimmed its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 60.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 69,505 shares of the energy exploration company’s stock after selling 104,735 shares during the period. River Road Asset Management LLC’s holdings in EOG Resources were worth $8,544,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in EOG. Northwest Investment Counselors LLC purchased a new position in shares of EOG Resources during the third quarter valued at approximately $26,000. Riverview Trust Co purchased a new position in shares of EOG Resources during the second quarter valued at approximately $27,000. MFA Wealth Advisors LLC purchased a new position in shares of EOG Resources during the second quarter valued at approximately $28,000. Eastern Bank purchased a new position in shares of EOG Resources during the third quarter valued at approximately $28,000. Finally, Gladius Capital Management LP purchased a new position in shares of EOG Resources during the second quarter valued at approximately $30,000. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

EOG Resources Trading Down 0.7 %

Shares of EOG stock opened at $122.11 on Wednesday. EOG Resources, Inc. has a 1 year low of $108.94 and a 1 year high of $139.67. The firm has a fifty day moving average price of $125.18 and a 200-day moving average price of $126.07. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.12 and a quick ratio of 1.89. The company has a market cap of $69.43 billion, a price-to-earnings ratio of 9.43, a PEG ratio of 3.18 and a beta of 1.28.

Insider Activity

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the business’s stock in a transaction 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 completion of the sale, the chief operating officer now 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 sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources stock in a transaction 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 transaction, the chief operating officer now owns 35,058 shares in the company, valued at approximately $4,434,135.84. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Michael P. Donaldson sold 11,037 shares of EOG Resources 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 disclosure for this sale can be found here. Insiders sold a total of 21,537 shares of company stock valued at $2,751,612 in the last 90 days. Company insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. lowered their target price on shares of EOG Resources from $143.00 to $135.00 and set a “neutral” rating for the company in a report on Thursday, September 12th. Sanford C. Bernstein reduced their price target on shares of EOG Resources from $139.00 to $125.00 and set a “market perform” rating for the company in a research report on Wednesday, July 17th. Scotiabank reduced their price target on shares of EOG Resources from $150.00 to $140.00 and set a “sector perform” rating for the company in a research report on Thursday, October 10th. Wolfe Research initiated coverage on shares of EOG Resources in a research report on Thursday, July 18th. They set a “peer perform” rating for the company. Finally, UBS Group reduced their price target on shares of EOG Resources from $167.00 to $154.00 and set a “buy” rating for the company in a research report on Wednesday, September 18th. Fourteen equities research 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 data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $141.20.

EOG Resources 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.