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

Olympiad Research LP reduced its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 35.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,687 shares of the energy exploration company’s stock after selling 2,019 shares during the quarter. Olympiad Research LP’s holdings in EOG Resources were worth $453,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of EOG. Northwest Investment Counselors LLC bought a new stake in shares of EOG Resources during the third quarter valued at approximately $26,000. Riverview Trust Co bought a new stake in shares of EOG Resources during the second quarter valued at approximately $27,000. MFA Wealth Advisors LLC bought a new stake in shares of EOG Resources during the second quarter valued at approximately $28,000. Eastern Bank bought a new stake in shares of EOG Resources during the third quarter valued at approximately $28,000. Finally, Gladius Capital Management LP acquired a new position in EOG Resources in the second quarter valued at approximately $30,000. 89.91% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on EOG. JPMorgan Chase & Co. cut their price objective on shares of EOG Resources from $143.00 to $135.00 and set a “neutral” rating on the stock in a report on Thursday, September 12th. StockNews.com lowered shares of EOG Resources from a “buy” rating to a “hold” rating in a report on Monday, September 16th. Susquehanna cut their price objective on shares of EOG Resources from $159.00 to $158.00 and set a “positive” rating on the stock in a report on Wednesday, September 4th. Morgan Stanley cut 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. Finally, KeyCorp cut 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. Fourteen equities research 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. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $141.20.

EOG Resources Trading Up 4.2 %

Shares of NYSE:EOG opened at $127.19 on Thursday. 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. The company’s fifty day simple moving average is $125.15 and its 200 day simple moving average is $126.08. The firm 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.

Insider Buying and Selling

In related news, 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 completion of the transaction, the chief operating officer now owns 35,058 shares of the company’s stock, valued at approximately $4,434,135.84. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $126.48, for a total transaction of $505,920.00. Following the completion of the sale, the chief operating officer now owns 35,058 shares of the company’s stock, valued at approximately $4,434,135.84. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Michael P. Donaldson sold 11,037 shares of EOG Resources stock in a transaction dated 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 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 have sold a total of 21,537 shares of company stock worth $2,751,612 over the last ninety days. Company insiders own 0.20% of the company’s stock.

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.