Inspire Investing LLC Sells 6,879 Shares of EOG Resources, Inc. $EOG

Key Points

• Inspire Investing LLC has reduced its holdings in EOG Resources, Inc. by 65.9%, selling 6,879 shares, leaving the fund with 3,564 shares valued at approximately $457,000.
• Analysts have varying opinions on EOG Resources, with an average rating of "Moderate Buy" and a consensus price target of $143.52, reflecting updates from multiple firms.
• COO Jeffrey R. Leitzell sold 3,951 shares of EOG stock at an average price of $119.65, reducing his position by 7.95% after the transaction.

Inspire Investing LLC lessened its holdings in EOG Resources, Inc. (NYSE:EOG - Free Report) by 65.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,564 shares of the energy exploration company's stock after selling 6,879 shares during the quarter. Inspire Investing LLC's holdings in EOG Resources were worth $457,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the business. Granite Harbor Advisors Inc. boosted its stake in shares of EOG Resources by 3.2% in 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 boosted its stake in shares of EOG Resources by 6.2% in the 1st quarter. FSM Wealth Advisors LLC now owns 1,623 shares of the energy exploration company's stock valued at $208,000 after purchasing an additional 95 shares during the last quarter. Sigma Planning Corp raised its position in shares of EOG Resources by 1.6% in the 1st quarter. Sigma Planning Corp now owns 6,259 shares of the energy exploration company's stock valued at $803,000 after acquiring an additional 97 shares during the period. Bank of Jackson Hole Trust raised its position in shares of EOG Resources by 1.6% in the 1st quarter. Bank of Jackson Hole Trust now owns 6,234 shares of the energy exploration company's stock valued at $791,000 after acquiring an additional 100 shares during the period. Finally, Malaga Cove Capital LLC raised its position in shares of EOG Resources by 2.9% in the 1st quarter. Malaga Cove Capital LLC now owns 3,502 shares of the energy exploration company's stock valued at $449,000 after acquiring an additional 100 shares during the period. Institutional investors own 89.91% of the company's stock.

Analyst Ratings Changes

EOG has been the topic of a number of analyst reports. Jefferies Financial Group reiterated a "buy" rating and issued a $148.00 price target (up from $144.00) on shares of EOG Resources in a research report on Friday, June 13th. Melius Research initiated coverage on shares of EOG Resources in a research report on Wednesday, August 20th. They issued a "buy" rating and a $173.00 price target on the stock. Roth Capital downgraded shares of EOG Resources from a "buy" rating to a "neutral" rating and cut their price target for the company from $140.00 to $134.00 in a research report on Wednesday, July 9th. Susquehanna increased their price target on shares of EOG Resources from $156.00 to $170.00 and gave the company a "positive" rating in a research report on Wednesday, July 23rd. Finally, KeyCorp cut their price target on shares of EOG Resources from $140.00 to $138.00 and set an "overweight" rating on the stock in a research report on Wednesday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $143.52.

Insider Buying and Selling at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 3,951 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the chief operating officer directly owned 45,739 shares of the company's stock, valued at $5,472,671.35. This trade represents a 7.95% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.13% of the stock is owned by corporate insiders.

EOG Resources Stock Performance

Shares of EOG stock opened at $118.20 on Friday. 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 capitalization of $64.54 billion, a P/E ratio of 11.49, a price-to-earnings-growth ratio of 9.19 and a beta of 0.85. The company's 50 day moving average price is $119.80 and its two-hundred day moving average price is $118.10. EOG Resources, Inc. has a 52 week low of $102.52 and a 52 week high of $138.18.

EOG Resources (NYSE:EOG - Get Free Report) last announced its earnings results on Thursday, August 7th. The energy exploration company reported $2.32 EPS for the quarter, topping the consensus estimate of $2.14 by $0.18. The firm had revenue of $5.48 billion for the quarter, compared to the consensus estimate of $5.45 billion. EOG Resources had a net margin of 25.25% and a return on equity of 20.51%. The business's quarterly revenue was down 9.1% on a year-over-year basis. During the same period last year, the company posted $3.16 EPS. On average, analysts expect that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

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.

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