Sapient Capital LLC Has $16.41 Million Stock Position in EOG Resources, Inc. $EOG

Key Points

• Sapient Capital LLC reduced its stake in EOG Resources by 4.1% during the second quarter, selling 5,901 shares, leaving them with 137,213 shares worth approximately $16.4 million.
• Wall Street analysts have mixed ratings on EOG Resources, with a consensus rating of "Moderate Buy" and an average price target of $143.48, reflecting varying outlooks on the stock.
• In the latest quarterly earnings report, EOG Resources exceeded expectations with $2.32 EPS against an estimate of $2.14, although revenue dropped by 9.1% year-over-year.

Sapient Capital LLC decreased its stake in EOG Resources, Inc. (NYSE:EOG - Free Report) by 4.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 137,213 shares of the energy exploration company's stock after selling 5,901 shares during the period. Sapient Capital LLC's holdings in EOG Resources were worth $16,412,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Pallas Capital Advisors LLC lifted its position in EOG Resources by 38.2% in the second quarter. Pallas Capital Advisors LLC now owns 4,446 shares of the energy exploration company's stock worth $532,000 after purchasing an additional 1,230 shares during the period. Gateway Investment Advisers LLC lifted its position in EOG Resources by 44.5% in the second quarter. Gateway Investment Advisers LLC now owns 10,661 shares of the energy exploration company's stock worth $1,275,000 after purchasing an additional 3,284 shares during the period. StrongBox Wealth LLC lifted its position in EOG Resources by 1.9% in the second quarter. StrongBox Wealth LLC now owns 4,817 shares of the energy exploration company's stock worth $576,000 after purchasing an additional 88 shares during the period. Balefire LLC lifted its position in EOG Resources by 33.4% in the second quarter. Balefire LLC now owns 4,758 shares of the energy exploration company's stock worth $569,000 after purchasing an additional 1,192 shares during the period. Finally, Fragasso Financial Advisors Inc lifted its position in EOG Resources by 1.2% in the second quarter. Fragasso Financial Advisors Inc now owns 19,369 shares of the energy exploration company's stock worth $2,317,000 after purchasing an additional 227 shares during the period. 89.91% of the stock is owned by institutional investors.

Insider Activity

In related news, COO Jeffrey R. Leitzell sold 3,951 shares of the business's stock in a transaction that occurred on 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 directly owned 45,739 shares in the company, valued at approximately $5,472,671.35. The trade was a 7.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.13% of the company's stock.

EOG Resources Stock Down 1.3%

Shares of EOG traded down $1.55 on Thursday, hitting $118.29. The company's stock had a trading volume of 2,911,303 shares, compared to its average volume of 2,228,787. The company has a quick ratio of 1.61, a current ratio of 1.79 and a debt-to-equity ratio of 0.12. The firm's fifty day moving average price is $119.58 and its 200-day moving average price is $117.97. EOG Resources, Inc. has a fifty-two week low of $102.52 and a fifty-two week high of $138.18. The firm has a market capitalization of $64.59 billion, a price-to-earnings ratio of 11.50, a P/E/G ratio of 9.18 and a beta of 0.85.

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

Analyst Ratings Changes

Several research analysts recently commented on the company. Argus cut EOG Resources from a "buy" rating to a "hold" rating in a research report on Monday, August 25th. Melius Research assumed coverage on EOG Resources in a research note on Wednesday, August 20th. They issued a "buy" rating and a $173.00 target price for the company. Piper Sandler lowered their target price on EOG Resources from $138.00 to $136.00 and set a "neutral" rating for the company in a research note on Thursday, July 17th. Bank of America dropped their price objective on EOG Resources from $125.00 to $124.00 and set a "neutral" rating for the company in a report on Friday, May 23rd. Finally, Barclays boosted their price objective on EOG Resources from $137.00 to $140.00 and gave the stock an "equal weight" rating in a report on Monday, June 2nd. 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 company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $143.48.

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.