Forum Financial Management LP Has $965,000 Holdings in EOG Resources, Inc. (NYSE:EOG)

Forum Financial Management LP reduced its position in EOG Resources, Inc. (NYSE:EOG) by 3.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,853 shares of the energy exploration company’s stock after selling 276 shares during the period. Forum Financial Management LP’s holdings in EOG Resources were worth $965,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of EOG. Norden Group LLC increased its position in EOG Resources by 51.4% in the 1st quarter. Norden Group LLC now owns 3,913 shares of the energy exploration company’s stock worth $500,000 after purchasing an additional 1,328 shares during the last quarter. Private Advisor Group LLC increased its holdings in shares of EOG Resources by 1.0% during the 1st quarter. Private Advisor Group LLC now owns 14,987 shares of the energy exploration company’s stock valued at $1,916,000 after acquiring an additional 147 shares during the last quarter. Nordea Investment Management AB increased its holdings in shares of EOG Resources by 3.7% during the 1st quarter. Nordea Investment Management AB now owns 40,743 shares of the energy exploration company’s stock valued at $5,191,000 after acquiring an additional 1,441 shares during the last quarter. Financial Counselors Inc. acquired a new position in shares of EOG Resources during the 1st quarter valued at about $228,000. Finally, Salomon & Ludwin LLC increased its holdings in shares of EOG Resources by 175.2% during the 1st quarter. Salomon & Ludwin LLC now owns 377 shares of the energy exploration company’s stock valued at $48,000 after acquiring an additional 240 shares during the last quarter. 89.91% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Michael P. Donaldson sold 11,037 shares of the firm’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 $9,615,375. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Michael P. Donaldson sold 11,037 shares of the firm’s stock in a transaction 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. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the firm’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $126.48, for a total value of $505,920.00. Following the sale, the chief operating officer now directly owns 35,058 shares of the company’s stock, valued at $4,434,135.84. This represents 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 worth $2,751,612 in the last 90 days. 0.30% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Susquehanna lowered their price objective on EOG Resources from $159.00 to $158.00 and set a “positive” rating on the stock in a report on Wednesday, September 4th. KeyCorp lowered their price objective on EOG Resources from $157.00 to $150.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. Wolfe Research assumed coverage on EOG Resources in a report on Thursday, July 18th. They issued a “peer perform” rating on the stock. StockNews.com lowered EOG Resources from a “buy” rating to a “hold” rating in a report on Monday, September 16th. Finally, Barclays lowered their target price on EOG Resources from $144.00 to $137.00 and set an “equal weight” rating on the stock in a report on Thursday, October 3rd. Fourteen investment 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’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $141.20.

EOG Resources Price Performance

EOG Resources stock opened at $122.93 on Tuesday. 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 capitalization of $69.90 billion, a PE ratio of 9.49, a price-to-earnings-growth ratio of 3.21 and a beta of 1.28. EOG Resources, Inc. has a one year low of $108.94 and a one year high of $139.67. The business has a 50 day simple moving average of $125.31 and a 200 day simple moving average of $126.15.

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.