Foster & Motley Inc. Sells 320 Shares of EOG Resources, Inc. (NYSE:EOG)

Foster & Motley Inc. reduced its stake in EOG Resources, Inc. (NYSE:EOG) by 0.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 36,633 shares of the energy exploration company’s stock after selling 320 shares during the quarter. Foster & Motley Inc.’s holdings in EOG Resources were worth $4,503,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of EOG. Norden Group LLC raised its position in EOG Resources by 51.4% in the first quarter. Norden Group LLC now owns 3,913 shares of the energy exploration company’s stock worth $500,000 after acquiring an additional 1,328 shares during the period. Private Advisor Group LLC lifted its position in EOG Resources by 1.0% during the first quarter. Private Advisor Group LLC now owns 14,987 shares of the energy exploration company’s stock valued at $1,916,000 after purchasing an additional 147 shares during the last quarter. Nordea Investment Management AB grew its position in EOG Resources by 3.7% in the first quarter. Nordea Investment Management AB now owns 40,743 shares of the energy exploration company’s stock worth $5,191,000 after acquiring an additional 1,441 shares in the last quarter. Financial Counselors Inc. bought a new position in EOG Resources in the first quarter valued at $228,000. Finally, Central Pacific Bank Trust Division purchased a new stake in EOG Resources during the first quarter valued at about $268,000. 89.91% of the stock is currently owned by institutional investors.

EOG Resources Stock Up 2.4 %

NYSE EOG opened at $125.00 on Wednesday. The firm has a market capitalization of $71.08 billion, a price-to-earnings ratio of 9.43, a PEG ratio of 3.18 and a beta of 1.28. EOG Resources, Inc. has a 52 week low of $108.94 and a 52 week high of $139.67. The company has a fifty day moving average of $125.18 and a two-hundred day moving average of $126.07. The company has a quick ratio of 1.89, a current ratio of 2.12 and a debt-to-equity ratio of 0.11.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on EOG. KeyCorp cut their target price on EOG Resources from $157.00 to $150.00 and set an “overweight” rating for the company in a research note on Wednesday, October 16th. Scotiabank cut their target price on shares of EOG Resources from $150.00 to $140.00 and set a “sector perform” rating on the stock in a report on Thursday, October 10th. Susquehanna dropped their price target on shares of EOG Resources from $159.00 to $158.00 and set a “positive” rating for the company in a research report on Wednesday, September 4th. JPMorgan Chase & Co. dropped their price objective on EOG Resources from $143.00 to $135.00 and set a “neutral” rating for the company in a report on Thursday, September 12th. Finally, Piper Sandler dropped their target price on shares of EOG Resources from $154.00 to $147.00 and set an “overweight” rating for the company in a research report on Thursday, August 15th. Fourteen analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $141.20.

Insider Activity at EOG Resources

In other news, EVP Michael P. Donaldson sold 11,037 shares of the business’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 completion of the sale, the executive vice president now directly owns 74,250 shares of the company’s stock, valued at approximately $9,615,375. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Charles R. Crisp sold 6,500 shares of the company’s stock in a transaction dated 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 directly 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 Securities & Exchange Commission, which is available through the SEC website. Also, EVP Michael P. Donaldson sold 11,037 shares of the company’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 transaction of $1,429,291.50. Following the completion of the sale, the executive vice president now directly owns 74,250 shares of the company’s stock, valued at $9,615,375. The trade was 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 worth $2,751,612 in the last quarter. 0.20% of the stock is owned by company insiders.

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.