Olympiad Research LP Sells 2,019 Shares of EOG Resources, Inc. (NYSE:EOG)

Olympiad Research LP cut its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 35.4% during the 3rd quarter, HoldingsChannel reports. The firm owned 3,687 shares of the energy exploration company’s stock after selling 2,019 shares during the period. Olympiad Research LP’s holdings in EOG Resources were worth $453,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Montecito Bank & Trust grew its holdings in EOG Resources by 27.3% during the 3rd quarter. Montecito Bank & Trust now owns 6,872 shares of the energy exploration company’s stock worth $845,000 after acquiring an additional 1,472 shares during the last quarter. Advisors Management Group Inc. ADV grew its holdings in EOG Resources by 7.0% during the 3rd quarter. Advisors Management Group Inc. ADV now owns 3,252 shares of the energy exploration company’s stock worth $400,000 after acquiring an additional 214 shares during the last quarter. Graypoint LLC grew its holdings in EOG Resources by 18.0% during the 3rd quarter. Graypoint LLC now owns 4,043 shares of the energy exploration company’s stock worth $497,000 after acquiring an additional 618 shares during the last quarter. Financial Enhancement Group LLC bought a new stake in EOG Resources during the 3rd quarter worth approximately $4,412,000. Finally, Harvest Portfolios Group Inc. grew its holdings in EOG Resources by 10.8% during the 3rd quarter. Harvest Portfolios Group Inc. now owns 13,152 shares of the energy exploration company’s stock worth $1,617,000 after acquiring an additional 1,280 shares during the last quarter. 89.91% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on EOG shares. Sanford C. Bernstein reduced 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 note on Wednesday, July 17th. Susquehanna reduced their price objective on shares of EOG Resources from $159.00 to $158.00 and set a “positive” rating on the stock in a research note on Wednesday, September 4th. JPMorgan Chase & Co. reduced their price objective on shares of EOG Resources from $143.00 to $135.00 and set a “neutral” rating on the stock in a research note on Thursday, September 12th. Morgan Stanley reduced their price objective on shares of EOG Resources from $134.00 to $132.00 and set an “equal weight” rating on the stock in a research note on Monday, September 16th. Finally, UBS Group dropped their target price on shares of EOG Resources from $167.00 to $154.00 and set a “buy” rating on the stock in a research report on Wednesday, September 18th. Fourteen investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $141.20.

Insiders Place Their Bets

In other news, EVP Michael P. Donaldson sold 11,037 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $129.50, for a total value 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 $9,615,375. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other EOG Resources news, Director Charles R. Crisp sold 6,500 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was 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 owns 60,892 shares in the company, valued at $7,648,035.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Michael P. Donaldson sold 11,037 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $129.50, for a total value of $1,429,291.50. Following 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,537 shares of company stock valued at $2,751,612 in the last three months. 0.20% of the stock is currently owned by insiders.

EOG Resources Stock Up 4.2 %

Shares of NYSE:EOG opened at $127.19 on Thursday. 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 business’s 50 day moving average is $125.15 and its 200 day moving average is $126.08. EOG Resources, Inc. has a 12-month low of $108.94 and a 12-month high of $139.67. The company has a quick ratio of 1.89, a current ratio of 2.12 and a debt-to-equity ratio of 0.11.

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.