W.H. Cornerstone Investments Inc. Sells 860 Shares of EOG Resources, Inc. (NYSE:EOG)

W.H. Cornerstone Investments Inc. cut its stake in EOG Resources, Inc. (NYSE:EOG) by 8.8% during the 3rd quarter, Holdings Channel.com reports. The firm owned 8,881 shares of the energy exploration company’s stock after selling 860 shares during the period. W.H. Cornerstone Investments Inc.’s holdings in EOG Resources were worth $1,092,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Northwest Investment Counselors LLC acquired a new position in shares of EOG Resources during the 3rd quarter worth approximately $26,000. Riverview Trust Co bought a new position in EOG Resources during the 2nd quarter worth $27,000. MFA Wealth Advisors LLC acquired a new position in EOG Resources in the 2nd quarter valued at $28,000. Eastern Bank bought a new stake in shares of EOG Resources during the 3rd quarter valued at $28,000. Finally, Gladius Capital Management LP acquired a new stake in shares of EOG Resources during the 2nd quarter worth $30,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Stock Performance

Shares of EOG stock opened at $122.93 on Tuesday. The firm has a 50 day moving average of $125.31 and a 200-day moving average of $126.15. The company has a market cap of $69.90 billion, a price-to-earnings ratio of 9.49, a price-to-earnings-growth ratio of 3.18 and a beta of 1.28. The company has a quick ratio of 1.89, a current ratio of 2.12 and a debt-to-equity ratio of 0.11. EOG Resources, Inc. has a 52 week low of $108.94 and a 52 week high of $139.67.

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 transaction of $1,429,291.50. Following the transaction, the executive vice president now owns 74,250 shares of the company’s stock, valued at $9,615,375. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources 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 sale, 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Michael P. Donaldson sold 11,037 shares of the company’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 transaction, the executive vice president now owns 74,250 shares in the company, valued at approximately $9,615,375. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,537 shares of company stock worth $2,751,612. 0.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

EOG has been the subject of a number of analyst reports. StockNews.com downgraded EOG Resources from a “buy” rating to a “hold” rating in a research note on Monday, September 16th. Piper Sandler decreased their price target on EOG Resources from $154.00 to $147.00 and set an “overweight” rating on the stock in a research note on Thursday, August 15th. KeyCorp dropped their price objective on EOG Resources from $157.00 to $150.00 and set an “overweight” rating for the company in a research report on Wednesday, October 16th. Susquehanna decreased their target price on EOG Resources from $159.00 to $158.00 and set a “positive” rating on the stock in a research report on Wednesday, September 4th. Finally, JPMorgan Chase & Co. dropped their target price on shares of EOG Resources from $143.00 to $135.00 and set a “neutral” rating for the company in a report on Thursday, September 12th. Fourteen investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $141.20.

EOG Resources 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.