Caxton Associates LLP Takes Position in EOG Resources, Inc. $EOG

Key Points

• Caxton Associates LLP purchased 12,755 shares of EOG Resources, valued at approximately $1.636 million, indicating a strategic investment in the energy exploration sector.
• Institutional investors hold 89.91% of EOG Resources' stock, reflecting strong market confidence and interest in the company.
• EOG Resources reported a 2.32 earnings per share (EPS) for the last quarter, surpassing expectations and demonstrating robust financial performance despite a year-over-year revenue decline.

Caxton Associates LLP purchased a new stake in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The fund purchased 12,755 shares of the energy exploration company's stock, valued at approximately $1,636,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Granite Harbor Advisors Inc. boosted its stake in EOG Resources by 3.2% during the 1st quarter. Granite Harbor Advisors Inc. now owns 3,034 shares of the energy exploration company's stock valued at $389,000 after purchasing an additional 94 shares during the last quarter. FSM Wealth Advisors LLC lifted its position in shares of EOG Resources by 6.2% during the 1st quarter. FSM Wealth Advisors LLC now owns 1,623 shares of the energy exploration company's stock worth $208,000 after buying an additional 95 shares in the last quarter. Sigma Planning Corp lifted its position in shares of EOG Resources by 1.6% during the 1st quarter. Sigma Planning Corp now owns 6,259 shares of the energy exploration company's stock worth $803,000 after buying an additional 97 shares in the last quarter. Bank of Jackson Hole Trust lifted its position in shares of EOG Resources by 1.6% during the 1st quarter. Bank of Jackson Hole Trust now owns 6,234 shares of the energy exploration company's stock worth $791,000 after buying an additional 100 shares in the last quarter. Finally, Malaga Cove Capital LLC lifted its position in shares of EOG Resources by 2.9% during the 1st quarter. Malaga Cove Capital LLC now owns 3,502 shares of the energy exploration company's stock worth $449,000 after buying an additional 100 shares in the last quarter. Institutional investors and hedge funds own 89.91% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on EOG shares. Argus cut shares of EOG Resources from a "buy" rating to a "hold" rating in a research report on Monday, August 25th. Piper Sandler dropped their target price on shares of EOG Resources from $138.00 to $136.00 and set a "neutral" rating on the stock in a research report on Thursday, July 17th. Bank of America dropped their target price on shares of EOG Resources from $125.00 to $124.00 and set a "neutral" rating on the stock in a research report on Friday, May 23rd. Wells Fargo & Company reissued an "overweight" rating on shares of EOG Resources in a research report on Sunday, June 22nd. Finally, Royal Bank Of Canada lowered their price target on shares of EOG Resources from $145.00 to $140.00 and set an "outperform" rating on the stock in a report on Tuesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and twelve have issued a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $143.52.

EOG Resources Stock Performance

EOG stock traded down $1.80 during midday trading on Friday, reaching $118.20. 1,967,189 shares of the company's stock traded hands, compared to its average volume of 2,275,035. The company has a 50-day moving average price of $119.80 and a two-hundred day moving average price of $118.18. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.61 and a current ratio of 1.79. EOG Resources, Inc. has a 52 week low of $102.52 and a 52 week high of $138.18. The firm has a market capitalization of $64.54 billion, a PE ratio of 11.49, a price-to-earnings-growth ratio of 9.19 and a beta of 0.85.

EOG Resources (NYSE:EOG - Get Free Report) last issued its earnings results on Thursday, August 7th. The energy exploration company reported $2.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.14 by $0.18. EOG Resources had a net margin of 25.25% and a return on equity of 20.51%. The business had revenue of $5.48 billion for the quarter, compared to analysts' expectations of $5.45 billion. During the same quarter in the previous year, the firm posted $3.16 EPS. The business's revenue for the quarter was down 9.1% compared to the same quarter last year. As a group, equities analysts anticipate that EOG Resources, Inc. will post 11.47 EPS for the current year.

Insider Transactions at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 3,951 shares of the business's stock in a transaction on Monday, June 30th. The shares were sold at an average price of $119.65, for a total transaction of $472,737.15. Following the sale, the chief operating officer owned 45,739 shares of the company's stock, valued at $5,472,671.35. The trade was a 7.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.13% of the stock is owned by insiders.

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.