FSM Wealth Advisors LLC Boosts Holdings in EOG Resources, Inc. (NYSE:EOG)

FSM Wealth Advisors LLC grew its position in EOG Resources, Inc. (NYSE:EOG) by 5.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,702 shares of the energy exploration company’s stock after buying an additional 88 shares during the period. FSM Wealth Advisors LLC’s holdings in EOG Resources were worth $209,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in EOG. Norden Group LLC grew its stake in shares of EOG Resources by 51.4% in the 1st quarter. Norden Group LLC now owns 3,913 shares of the energy exploration company’s stock valued at $500,000 after buying an additional 1,328 shares during the period. Private Advisor Group LLC lifted its holdings in shares of EOG Resources by 1.0% in the 1st quarter. Private Advisor Group LLC now owns 14,987 shares of the energy exploration company’s stock worth $1,916,000 after acquiring an additional 147 shares during the last quarter. Nordea Investment Management AB lifted its holdings in shares of EOG Resources by 3.7% in the 1st 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 during the last quarter. Financial Counselors Inc. acquired a new position in shares of EOG Resources in the 1st quarter worth approximately $228,000. Finally, Central Pacific Bank Trust Division acquired a new position in shares of EOG Resources in the 1st quarter worth approximately $268,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Insider Activity at EOG Resources

In related news, EVP Michael P. Donaldson sold 11,037 shares of the stock in a transaction on 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 transaction, 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 filing with the SEC, which is accessible through the SEC website. In other EOG Resources news, EVP Michael P. Donaldson sold 11,037 shares of the firm’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 transaction, the executive vice president now directly owns 74,250 shares of the company’s stock, valued at approximately $9,615,375. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Charles R. Crisp sold 6,500 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $125.60, for a total transaction of $816,400.00. Following the transaction, the director now directly owns 60,892 shares in the company, valued at $7,648,035.20. The trade was 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 ninety days. Insiders own 0.20% of the company’s stock.

EOG Resources Trading Down 0.7 %

NYSE EOG opened at $122.11 on Wednesday. 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 firm’s fifty day moving average price is $125.18 and its 200 day moving average price is $126.07. The company has a market capitalization of $69.43 billion, a price-to-earnings ratio of 9.43, a price-to-earnings-growth ratio of 3.18 and a beta of 1.28. EOG Resources, Inc. has a 12 month low of $108.94 and a 12 month high of $139.67.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on EOG. Truist Financial decreased their price objective on shares of EOG Resources from $130.00 to $115.00 and set a “hold” rating on the stock in a report on Monday, September 30th. KeyCorp decreased their price objective on shares of EOG Resources from $157.00 to $150.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. Morgan Stanley decreased 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 report on Monday, September 16th. Wolfe Research started coverage on shares of EOG Resources in a report on Thursday, July 18th. They set a “peer perform” rating on the stock. Finally, Scotiabank reduced 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. 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $141.20.

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.