Mathes Company Inc. Decreases Position in EOG Resources, Inc. (NYSE:EOG)

Mathes Company Inc. cut its holdings in EOG Resources, Inc. (NYSE:EOG) by 1.6% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 25,059 shares of the energy exploration company’s stock after selling 400 shares during the period. Mathes Company Inc.’s holdings in EOG Resources were worth $3,081,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of EOG. Capital World Investors boosted its holdings in EOG Resources by 5.4% in the 1st quarter. Capital World Investors now owns 26,782,454 shares of the energy exploration company’s stock valued at $3,423,869,000 after purchasing an additional 1,361,538 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new position in EOG Resources in the 2nd quarter valued at $106,990,000. Capital International Investors boosted its holdings in EOG Resources by 7.1% in the 1st quarter. Capital International Investors now owns 11,564,463 shares of the energy exploration company’s stock valued at $1,478,401,000 after purchasing an additional 766,056 shares during the period. Legal & General Group Plc boosted its holdings in EOG Resources by 9.1% in the 2nd quarter. Legal & General Group Plc now owns 4,840,705 shares of the energy exploration company’s stock valued at $609,300,000 after purchasing an additional 403,676 shares during the period. Finally, Capital Research Global Investors boosted its holdings in EOG Resources by 1.3% in the 1st quarter. Capital Research Global Investors now owns 28,889,715 shares of the energy exploration company’s stock valued at $3,693,261,000 after purchasing an additional 373,365 shares during the period. 89.91% of the stock is owned by institutional investors.

EOG Resources Trading Down 0.9 %

NYSE:EOG opened at $120.84 on Friday. EOG Resources, Inc. has a one year low of $108.94 and a one year high of $139.67. 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’s 50-day simple moving average is $125.46 and its 200 day simple moving average is $126.30. The firm has a market capitalization of $68.71 billion, a P/E ratio of 9.33, a PEG ratio of 3.17 and a beta of 1.28.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Thursday, August 1st. The energy exploration company reported $3.16 EPS 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 business had revenue of $6.03 billion for the quarter, compared to analyst estimates of $6.07 billion. During the same quarter in the previous year, the firm posted $2.49 earnings per share. EOG Resources’s quarterly revenue was up 8.1% on a year-over-year basis. As a group, analysts forecast that EOG Resources, Inc. will post 11.59 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Michael P. Donaldson sold 11,037 shares of the business’s stock in a transaction dated 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 sale, the executive vice president now owns 74,250 shares of the company’s stock, valued at $9,615,375. The trade was 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. 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 transaction, the director now owns 60,892 shares in the company, valued at approximately $7,648,035.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 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 transaction, 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 disclosure for this sale can be found here. Insiders have sold 21,537 shares of company stock valued at $2,751,612 over the last quarter. Corporate insiders own 0.30% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. KeyCorp lowered their price objective 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. Scotiabank lowered their price objective on shares of EOG Resources from $150.00 to $140.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 10th. StockNews.com cut shares of EOG Resources from a “buy” rating to a “hold” rating in a research report on Monday, September 16th. Piper Sandler decreased their target price on shares of EOG Resources from $154.00 to $147.00 and set an “overweight” rating on the stock in a research report on Thursday, August 15th. Finally, Sanford C. Bernstein decreased their price objective on shares of EOG Resources from $139.00 to $125.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 17th. Fourteen investment 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. Based on data from MarketBeat, EOG Resources presently has an average rating of “Hold” and an average target price 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.