Curi RMB Capital LLC Trims Stake in EOG Resources, Inc. $EOG

Key Points

• Curi RMB Capital LLC reduced its stake in EOG Resources by 16.2%, selling 33,808 shares during the first quarter, and now holds a total of 174,736 shares valued at approximately $22.4 million.
• Several large investors have increased their holdings significantly in EOG, including Nuveen LLC with a new stake worth $451.9 million and GAMMA Investing LLC with a boost of over 14,784.1%.
• EOG Resources' recent earnings report showed an EPS of $2.32, exceeding analyst expectations, with quarterly revenue declining by 9.1% year-over-year, totaling $5.48 billion.

Curi RMB Capital LLC reduced its position in EOG Resources, Inc. (NYSE:EOG - Free Report) by 16.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 174,736 shares of the energy exploration company's stock after selling 33,808 shares during the period. Curi RMB Capital LLC's holdings in EOG Resources were worth $22,408,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of EOG. Banque Cantonale Vaudoise purchased a new position in EOG Resources in the first quarter worth about $26,000. Saudi Central Bank purchased a new position in shares of EOG Resources in the first quarter worth approximately $28,000. Alpine Bank Wealth Management bought a new stake in EOG Resources during the first quarter valued at approximately $34,000. WPG Advisers LLC bought a new stake in EOG Resources during the first quarter valued at approximately $36,000. Finally, Ameriflex Group Inc. purchased a new stake in EOG Resources during the fourth quarter valued at approximately $36,000. Hedge funds and other institutional investors own 89.91% of the company's stock.

Analyst Upgrades and Downgrades

EOG has been the subject of a number of recent research reports. Royal Bank Of Canada cut their price objective on shares of EOG Resources from $145.00 to $140.00 and set an "outperform" rating for the company in a research report on Tuesday, July 8th. Piper Sandler cut their price target on EOG Resources from $138.00 to $136.00 and set a "neutral" rating for the company in a report on Thursday, July 17th. Wells Fargo & Company reaffirmed an "overweight" rating on shares of EOG Resources in a research note on Sunday, June 22nd. Barclays boosted their price objective on EOG Resources from $137.00 to $140.00 and gave the company an "equal weight" rating in a research note on Monday, June 2nd. Finally, UBS Group increased their target price on shares of EOG Resources from $142.00 to $144.00 and gave the stock a "buy" rating in a report on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $143.52.

Insider Activity at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 3,951 shares of EOG Resources stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $119.65, for a total value of $472,737.15. Following the completion of the transaction, the chief operating officer owned 45,739 shares in the company, valued at approximately $5,472,671.35. This trade represents a 7.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.13% of the company's stock.

EOG Resources Price Performance

Shares of EOG traded up $1.07 during mid-day trading on Tuesday, hitting $118.72. 739,550 shares of the stock were exchanged, compared to its average volume of 3,512,287. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.61 and a current ratio of 1.79. The company has a market cap of $64.82 billion, a PE ratio of 11.53, a price-to-earnings-growth ratio of 9.03 and a beta of 0.85. EOG Resources, Inc. has a 52-week low of $102.52 and a 52-week high of $138.18. The firm has a 50-day moving average of $120.14 and a two-hundred day moving average of $118.36.

EOG Resources (NYSE:EOG - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The energy exploration company reported $2.32 earnings per share for the quarter, topping the consensus estimate of $2.14 by $0.18. EOG Resources had a net margin of 25.25% and a return on equity of 20.51%. The company 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 business posted $3.16 earnings per share. EOG Resources's quarterly revenue was down 9.1% on a year-over-year basis. On average, equities analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

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.